Stem haverhill mass8/13/2023 Focusing on distressed municipal holdings like brownfield sites, Kearsarge augments clean energy power generation with Stem’s smart storage solutions to reduce wholesale demand charges, increase grid resilience and maximize energy savings. In addition, Athena™ will support compliance with requirements for the federal investment tax credit and the Solar Massachusetts Renewable Target (SMART) Program, a state initiative that promotes cost-effective solar development to benefit customers and the grid.Īs a leading renewable energy project developer, financier, and long-term owner and operator, Kearsarge creates recurring value by working with local communities to meet the growing demand for commercial and utility-scale renewable energy projects. Athena™ services include market bidding, dispatch scheduling, data management, and performance reporting. Stem has assisted with project management and leveraged its sophisticated Athena™ services which deliver the intelligence that enables the projects to deliver value via ISO New England wholesale markets and Massachusetts’s Clean Peak Energy Standard. Since the announced partnership in September 2019, Stem has partnered closely with Kearsarge on a growing portfolio of large-scale storage projects co-located with solar. Together, the three projects represent over $6M in energy storage system (ESS) projects. Separately, Stem and Kearsarge are developing two additional FTM projects in the towns of Franklin and Montague, Mass. The project is the largest of its kind that Stem’s Athena TM smart energy storage software currently operates for Kearsarge in Massachusetts. Kearsarge Haverhill LLC, located on a landfill in Haverhill, Mass., has 3.6 megawatts (MW) of solar with a 2 MW / 9 megawatt-hour (MWh) AC-coupled, front-of-the-meter (FTM) battery. (“Kearsarge”), the developer and owner of the project. MILLBRAE, Calif., Ma(GLOBE NEWSWIRE) - Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the installation of its largest Massachusetts solar plus storage site that will participate in New England wholesale energy markets through its existing partnership with Kearsarge Energy L.P.
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