Stem to deliver 7.5 MWh energy storage to realty company
Stem was chosen by Kilroy Realty Corp. to deploy over 7.5 MWh of artificial intelligence (AI)-driven energy storage at eight commercial buildings in KRC's California portfolio
Stem was chosen by Kilroy Realty Corp. to deploy over 7.5 MWh of artificial intelligence (AI)-driven energy storage at eight commercial buildings in KRC’s California portfolio.
The selection was facilitated by Black Bear Energy Inc., who acted as the owner’s representative for Kilroy Realty.
Stem will install its Athena-powered storage in 2018 at four KRC office buildings in San Francisco and another four in Los Angeles, representing about 20 percent of KRC’s office portfolio.
The KRC systems, which use a financial structure for real estate firms, will join the world’s largest digitally-connected energy storage network. This network uses the systems when idle to support strained local grids and enable higher penetrations of clean power in the community.
“Intelligent energy storage helps reduce the environmental footprint of our building operations,” said Sara Neff, senior vice president of sustainability at KRC. “Black Bear’s expertise with clean energy and Stem’s AI-powered solution will help us achieve our environmental goals while helping to modernize the grid, which is a natural alignment with our business vision.”
“When it comes to real estate and energy storage for commercial buildings, it’s the brains behind the batteries that differentiate solutions. KRC is a renowned innovator in the real estate industry, and we are proud to support their corporate sustainability plans,” said John Carrington, CEO of Stem. “Real estate leaders recognize Stem’s innovative model and unparalleled experience, which allows us to execute with precision, address siting constraints, and deploy quickly.”