Stem, Inc. announced that its Athena® PowerBidder? Pro application has been selected by two community choice aggregators (CCAs) ? Central Coast Community Energy (3CE) and Silicon Valley Clean Energy (SVCE) ?

to support scalable bid optimization management and help maximize the value of multiple battery energy storage systems (BESS) in the California Independent System Operator (CAISO) market. Under this software-only contract, the CCAs will use PowerBidder Pro?s advanced price forecasting and optimization features to manage and execute trading strategies for a growing portfolio of utility-scale assets in CAISO. PowerBidder Pro is expected to begin supporting the CCAs in 2024.

The software will manage three resource sites that will help the CCAs achieve their emission reduction goals, although the overall value of these assets is highly dependent on bid strategy, market conditions and contract constraints. Available on the Athena platform, Stem?s PowerBidder Pro will be instrumental in managing the CCAs? storage assets currently or soon-to-be online in CAISO.

PowerBidder Pro?s scalability is also expected to help the CCAs drive returns and manage risks effectively by seamlessly managing trading strategies as their BESS portfolio grows and evolves.