Energy Storage, Solar - June 2, 2021
Stem to Provide AI-Energy Storage Tech for Colorado Battery Project
Stem, Inc. announced June 2 that it will be providing smart energy storage services through its AI technology to support a battery storage project in Colorado that will provide RECs to Colorado Mountain College.
The battery project is being installed by Ameresco for Holy Cross Energy, an electric cooperative operating in Western Colorado. Ameresco will build, maintain and operate the 15 MW battery storage project and its accompanying 5 MW solar installation. The project is being built to support HCE’s target to source 100% renewable electricity for its customers by 2030.
The project, once operational, should reduce greenhouse gas emissions by an estimated 6,853 metric tons.
Colorado Mountain College will receive credits from the project to offset its electrical usage at its Spring Valley, Aspen and Edwards campuses. The college is pursuing a goal of carbon neutrality by 2050.
“As more electric cooperatives explore the addition of solar and storage to their systems, Ameresco and Stem offer a unique combination of capabilities to deliver value and enhance project returns,” Stem CEO John Carrington said in a statement. “Stem provides turnkey solar plus storage solutions that drive consistent electricity delivery in both front of meter and behind the meter installations, while our AthenaTM system empowers partners and asset owners to monitor performance of their systems to achieve desired energy targets. We look forward to further growing our collaboration with Ameresco in electric cooperative markets and beyond.”