By Editors of Power Engineering
Stem, an intelligent energy storage service provider, and CPower, a demand response and demand-side energy management services company, have partnered on a new demand-side energy solution that will roll out soon in California.
The two companies will combine energy storage and demand response to offer customers an integrated service for managing electricity demand that can alleviate stress on the grid while saving money.
The collaboration allows commercial, industrial and institutional customers the ability to reduce load while prices peak or less flexible generations can’t immediately respond, as well as earn revenue through demand response.
“We’re excited to offer our customers more options for demand response participation. CPower’s unparalleled DR expertise and industry-leading technology platform will deliver increased revenue opportunities for our customers,” said John Carrington, CEO of Stem. “Stem and CPower can maximize a customer’s ‘save and earn’ abilities, allowing customers to maximize their savings from peak demand management, while also maximizing their earnings from flexible, controllable loads.”