▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...
InnovationOpenLab

Stem Wins 2023 New Product Innovation Award for Energy Asset Performance Optimization

Stem (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, announced that Frost & Sullivan, a leading global research and growth consulting firm,...

Business Wire

Frost & Sullivan cites Stem’s innovation, market alignment, and Athena® PowerBidder™ Pro as key differentiators that “take energy asset optimization one step further than any competing solution”

SAN FRANCISCO: Stem (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, announced that Frost & Sullivan, a leading global research and growth consulting firm, has awarded Stem its 2023 New Product Innovation Award in the North America energy asset performance optimization industry. Frost & Sullivan’s independent evaluation credits Stem’s continued research and development, innovative software solutions, and strong commitment to proactively support customers as key differentiators in selecting the Company for the recognition. In addition, Frost & Sullivan states that Stem has earned the “trust and loyalty of businesses and utilities worldwide,” and that “Stem is well-positioned to drive the energy asset performance optimization space into its next growth phase, capturing market share and sustaining its leadership in the coming years.”

Frost & Sullivan independently evaluated multiple nominees across several categories to determine the final award recipient. The process involved a detailed assessment of best practices criteria across two dimensions: New Product Attributes (match to needs, reliability, quality, positioning, design) and Customer Impact including (price/performance value, customer purchase, ownership and service experience, and brand equity).

Larsh Johnson, Chief Technology Officer at Stem, said, “Stem is proud to be awarded Frost & Sullivan’s New Product Innovation Award. Customer-centric innovation is infused into every layer of our business to continue helping our customers leverage AI-driven solutions so they can take advantage of immediate and future opportunities in the evolving energy market. With this mindset, Stem’s expertise and offerings include proven solutions that serve owners, developers, traders, and operators across the entire energy assets lifecycle.”

Frost & Sullivan forecasts that the global battery energy storage market will grow cumulatively nearly six-fold to $72 billion by 2030 and believes Stem is poised to capitalize on the rapid growth of the market with innovative solutions like its Athena platform. In addition, the report states that, “Stem’s new and purpose-built PowerBidder Pro software sets it apart from its competitors, with superior design, reliability, and quality. This groundbreaking bidding software helps directly manage energy storage assets (standalone, co-located with solar, or hybrid), and optimize trading performance in a simple, secure, and scalable way.”

The Frost & Sullivan report is available at https://www.stem.com/frost-and-sullivan-new-product-award-stem-athena.

Learn more about PowerBidder Pro at https://www.stem.com/solutions/athena/powerbidder-pro/.

About Stem

Stem (NYSE: STEM) provides clean energy solutions and services that are 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 that can improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.

Contacts

Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
IR@stem.com

Media Contacts
Suraya Akbarzad, Stem
press@stem.com

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

Displaid selected by Bravo Innovation Hub

Displaid is a monitoring-as-a-Service startup that improves the management of infrastructure networks by identifying the types of damage in advance.

Lottomatica Group buys SKS365

Through the deal, Lottomatica would become the outright largest omnichannel gambling group in the Italian market.

Italian Apio for the cocoa supply chain in Africa

Apio revealed his blockchain platform at the Eurochocolate fair in Perugia (Italy).

Siav Group of Italy for the first time at Gitex in Dubai

The Enterprise Content Management company presents its international strategy along with the new Siav Connect platform and Checker app

Most read

HARMAN Acquires Roon, a popular Multi-Device, Multi-Room Audio Technology…

HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer, and enterprise markets,…

Salesforce and AWS Expand Partnership for Customers to More Easily Build…

At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Salesforce, the #1 AI CRM (NYSE: CRM), today announced a…

The 5th World Science and Technology Development Forum Opens in Shenzhen

On the November 24, the 5th World Science and Technology Development Forum (WSTDF) opened in Shenzhen, Guangdong. Chairman of the China Association for…

Hewlett Packard Enterprise Reports Q4 Results to Close Impressive Fiscal…

Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the fourth quarter and full year ended October 31, 2023. "In fiscal year…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!