Although energy-efficient policies are in place, electricity is still the biggest bugbear for commercial businesses and demands on the grid continue to increase; in order to help businesses and pave the way for good energy citizenship, Stem has teamed up with Kyocera (News - Alert) Solar.
The way to ensure bill savings to commercial and industrial customers would be through a photovoltaic (PV) system with an integrated energy storage solution that will help businesses control electricity spend, and help the electrical grid be more efficient.
“Intelligent energy 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 John Carrington, CEO at Stem.
The comprehensive solution resulting from the partnership will allow homeowners more of the energy that its solar panels produce. This means a reduced reliance on the electricity grid, a lower energy bill and according to Steve Hill, president of Kyocera Solar, Inc., “a greater return in a shorter period and with a longer total lifespan than any competing renewable energy system.”
Stem combines its behind-the-meter energy storage and predictive analytics and can provide more capacity to utilities when there is peak or sudden spikes for electricity demand by drawing on previously stored power. As it can also predict power usage up to 30 days in advance, the on-site batteries can be charged from the utility grid when the rates are lowest.
Kyocera Solar is said to be the first to offer Stem's innovative solution, which is now available to businesses that are looking to reduce energy costs.
Stem claims to be the first company to combine the scalable power of cloud computing with state-of-the-art energy storage to create savings that apparently cannot be achieved with any other solution in the market while Kyocera Solar is stated to be the only solar module manufacturer to earn the highest rating across all six PV module test categories.
“Kyocera is an industry leader in solar module reliability, and the Stem platform will optimize our customers’ energy use through real-time data and state-of-the-art energy storage technology,” said Hill.
The partnership—reinforced by the high-performance of the Kyocera solar modules—is being looked upon as a great opportunity for Stem as it expands its offerings to solar customers.
Edited by Maurice Nagle