MILLBRAE, Calif. — (BUSINESS WIRE) — July 24, 2014 — Stem, Inc., a leader in advanced energy technology, today announced it has finalized an agreement to install and manage energy intelligence systems for its first Fortune 500 customer, Adobe. Stem will install its advanced energy storage and real-time data analytics solution in Adobe’s historic Baker and Hamilton Building in San Francisco, the oldest LEED platinum building in the world.
“For years, Adobe has stood among the world’s foremost champions of sustainability,” said Stem CEO John Carrington. “Our energy intelligence solution furthers Adobe’s environmental leadership while providing immediate and long-term savings. We are looking forward to a successful collaboration for years to come.”
The system will automatically and rapidly respond to spikes in the building’s electricity use, drawing on previously stored power to reduce Adobe’s energy costs without impacting operations. Adobe will be able to take advantage of Stem’s utility capacity relief programs to help stabilize local grid operations during times of peak demand.
“Adobe is committed to exploring the newest technologies to sustainably manage our operations,” said Jonathan Francom, vice president, Global Workplace Solutions, Adobe. “Stem’s predictive analytics, in tandem with reliable energy storage hardware, will help manage our energy use more efficiently at peak times, and continue to minimize our impact on the environment.”
About Stem
Stem, a leading provider of energy optimization services, combines big data, predictive analytics and energy storage to reduce electricity costs for businesses. The company’s solution requires no compromises on building occupant comfort and offers unparalleled energy insights, allowing a comprehensive view into past, present and future energy use. As demands on the grid continue to increase, Stem’s system enables good energy citizenship and unlocks the potential for expanded renewable energy integration. Headquartered in Millbrae, California, Stem is funded by a consortium of leading investors including Angeleno Group, Iberdrola (Inversiones Financieras Perseo) and GE Ventures.
Contact:
Antenna for Stem
Zoe Fishman, 415-977-1929
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