Energy optimization company Stem has teamed up with tech giant Kyoceras solar division to deliver an integrated solar PV and energy storage solution to the commercial market. The storage system automatically reduces demand on the grid, a process that provides guarantees for significant energy savings for commercial users, guarding against current and possible future tariffs.
Kyocera's involvement is beneficial for two reasons. By using the company's high-performance solar modules, savings are maximized, while Kyocera's renowned brand quality and market reach will help the storage system grow beyond its current markets of California, New York and Hawaii.
Stem's behind-the-meter storage and predictive analytics combine in the system to enable rapid response to spikes in commercial customers' electricity demand, drawing on previously stored power to reduce energy costs. Stem's system can, on average, save customers up to 20% on their annual electricity bill, and can also predict power usage up to 30 days in advance, charging the onsite battery from the utility grid when rates are at their lowest.
"Intelligent storage is a natural fit for PV and our solution integrates seamlessly with Kyocera's solar technology to bring new value to the commercial market," Said Stem CEO John Carrington. "Kyocera's expertise in providing turnkey solutions through its technology partners presents a great opportunity for Stem as we expand our offering to solar customers."
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