The software platform Energy Toolbase, which is used for modeling and proposing the economics of solar PV and energy storage projects, integrated Stem´s AI technology into their system. Athena™ by Stem is the first AI for energy storage and virtual power plants. It optimizes the timing of energy use and facilitates consumers' participation in energy markets, yielding economic and societal benefits while decarbonizing the grid. Decentralised energy suppliers now have the opportunity to draw conclusions about future projects in order to analyse finances and develop distribution channels.
"We are thrilled to engage Stem's long experience operating storage across multiple U.S. markets and AI acumen in our financial modeling capabilities," said John Gurski, founder and CEO of Energy Toolbase. "Our users now have the ability to run Stem-validated savings simulations and work with one of the most experienced and reputable storage software operations company in the world."
According to Wood Mackenzie Power & Renewables' U.S. Energy Storage Monitor, the U.S. energy storage market is expected to strongly grow over the next few years. An efficient tool for project development is therefore in high demand. Energy Toolbase and Stem will hold workshops and discuss the range of options to ensure that the technological fusion between the two tools is used efficiently.
Source: Energy Toolbase | www.prnewswire.com
Image Source: Pixabay | www.pixabay.com
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