Hometown Connections Selects Stem as Trusted Clean Energy Partner
Hometown Connections, Inc. (HCI), an organization devoted to promoting public power in the United States, has selected Stem, a global leader in AI-driven clean energy solutions and services, as a trusted partner to help make clean energy asset ownership simpler and more valuable for its public power members. The announcement was made today by Marc Gerken, interim CEO of HCI.
“We are very pleased to announce that HCI can now recommend Stem’s industry leading clean energy solutions to our public power communities,” Gerken said. “After a thorough evaluation, HCI can confidently refer Stem to our hundreds of community-owned electric utilities. Stem’s leadership and expertise in energy storage for over a decade will be a valuable resource to our communities.”
Stem front-of-the-meter, utility-level solutions allow public power and municipal utilities to design, install, and operate clean energy projects with lower risk and greater efficiency. They empower utilities to control costs by mitigating peak impacts, unlock new revenue streams such as those from wholesale markets, accelerate carbon reduction goals, and deliver enhanced resiliency to customers. Stem’s Athena® platform and its extensive expertise make it easier to deploy and manage renewable energy portfolios of standalone energy storage, solar plus storage, and EV-charging infrastructure.
Proven Success in Clean Energy Portfolios
Stem operates the world’s largest digitally connected energy storage network across more than 40 utility territories throughout North America and within various ISO markets. Stem’s extensive portfolio includes the first-ever municipal energy storage virtual power plant (VPP) with Austin Energy and a 33MWh energy storage system for Orange County Sanitation District to help deliver wastewater services to 2.6 million customers. In September 2022, a Southern California fleet of 86 MW of stored energy responded to a 5-hour flex alert during heatwave-driven blackouts by delivering enough to power 103,000 homes.
Stem (NYSE: STEM) provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information about Stem, visit www.stem.com.