The 5-MW photovoltaic system and 500-kilowatt battery storage system will be financed by a power purchase agreement (PPA). In addition to energy cost savings from solar production, adding Stem's software-driven energy storage positions UC Merced to achieve significant demand charge savings over the first 10 years of the project.
Stem creates innovative technology services that transform the way energy is distributed and consumed. Styem analytics optimize the value of customers' energy assets and facilitate their participation in energy markets, yielding economic and societal benefits while decarbonizing the grid.
(Source: SunPower Corp., 26 June, 2017) Contact: Stem, (415) 937-7836, firstname.lastname@example.org, www.stem.com; SunPower, Nam Nguyen, Exec. VP, www.sunpower.com
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