Stem Enters New Services Agreement with Bluesphere Ventures
Stem announced that it has entered into a new services agreement with Bluesphere Ventures to support its portfolio of standalone battery energy storage projects participating in New York's Value of Distributed Energy Resources program. Under the agreement, Stem will provide revenue modeling, market analysis, and intelligence across Bluesphere Ventures' pipeline of battery storage projects located within Consolidated Edison territory in New York City. Stem's analysis evaluates multiple tariff structures, cycling scenarios, and revenue stacking strategies available under New York's VDER program, drawing on Stem's active operating experience across each modeled scenario. The engagement also incorporates Stem's proprietary Local Law 97 optimization capability, a novel revenue stream modeled exclusively for Bluesphere Ventures as part of this engagement. "New York is one of the most complex and opportunity-rich markets for standalone storage in the country and getting the revenue modeling right at the outset is critical," said Mike Carlson, President of Managed Services at Stem. "What sets our approach apart is that we model these systems the same way we operate them, informed by real runtime data from assets already in the ground. That discipline closes the gap between projected and actual performance, and it gives our clients a much more grounded basis for their investment decisions."
