Stem’s Athena® Named a 2023 Sustainability Product of the Year by Business Intelligence Group

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SAN FRANCISCO--(BUSINESS WIRE)-- Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, announced that its Athena® platform has been named a Sustainability Product of the Year as part of the Business Intelligence Group’s 2023 Sustainability Awards. The awards honor products designed to help companies improve their sustainability efforts, as well as the people, initiatives, and organizations that have made sustainability an integral part of their business practices.

Athena helps enable organizations to increase adoption of renewable energy assets, and progress toward their decarbonization goals. Athena’s advanced AI and machine learning algorithms continuously analyze hundreds of data inputs from solar, storage, and electric vehicle infrastructure assets against external factors like weather, utility rates, power market prices, and grid constraints. The cloud-native platform models and predicts the optimal real-time operation of each energy asset, and individually controls them to store clean energy until it's needed and deliver it when it’s most valuable. These capabilities have consistently helped customers generate strong returns on renewable energy assets in multiple markets over multiple years. With more than 31 million run-time hours, Athena manages more than 500,000 energy IoT devices and has executed more than 48,000 automated grid dispatches over the past 12 months.

“As a leader at the center of the clean energy transition, Stem is proud to receive a Sustainability Product of the Year award from Business Intelligence Group,” said Larsh Johnson, Chief Technology Officer at Stem. “Our Athena platform is helping overcome the intermittency challenges of renewables by unifying the strengths of AI and energy storage – empowering organizations to use more renewable energy, reduce greenhouse gas emissions, lower net energy costs, and act as a virtual power plant to support the grid.”

“We are proud to reward and recognize Stem’s Athena platform for its continued innovation in helping organizations progress toward their decarbonization goals,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that the Athena platform can deliver on-going environmental value and contribute to a cleaner, more sustainable world. Congratulations!”

About Stem

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

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

Source: Stem, Inc.

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

Stem Media Contacts Suraya Akbarzad, Stem press@stem.com

Business Intelligence Group Contact Maria Jimenez Chief Nominations Officer Business Intelligence Group 1-909-529-2737 jmaria@bintelligence.com

Source: Stem, Inc.

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