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OPG and Stem partner on energy storage systems for industrial manufacturers
November 14, 2018 – Ontario Power Generation (OPG) has launched a new partnership with Stem to provide energy storage systems for the province’s industrial manufacturers, to help them manage their electricity costs.
November 14, 2018 By Peter Saunders
Stem has developed Athena, an artificial intelligence (AI) platform, to optimize the timing of its users’ energy consumption—reducing on-site peak demand without interruption to operations—and facilitate their participation in energy markets. The company has more than 900 systems installed or under contract across Canada, the U.S. and Japan.
“OPG’s selection is a substantial endorsement of our proven performance and customer satisfaction in a highly competitive market,” says John Carrington, CEO of Stem. “Ontario is looking to AI-driven energy storage to build multiple returns for the customer and grid reliability.”
Further, Stem’s project finance pool includes $200 million from the Ontario Teachers’ Pension Plan (OTPP) specifically for the provincial market.
“This partnership will help improve electricity cost management for Ontario’s industrial and manufacturing customers,” says Jeff Lyash, OPG’s president and CEO.
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