Stem’s AI-Enabled PowerBidder™ Pro to Help Drive Returns for Second Asset in Mercuria Energy Trading ERCOT Portfolio

Business Wire2024-12-17

60-day contract-to-deployment timeline exemplifies Stem’s software-centric strategy to maximize profitability and drive scalable growth SAN FRANCISCO, December 17, 2024--(BUSINESS WIRE)--Stem (NYSE: ...

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By standardizing on PowerBidder Pro across its portfolio, Mercuria expe","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4535":"淡马锡持仓","STEM":"Stem Inc.","BK4096":"电气部件与设备","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC"},"translate_title":"Stem的人工智能PowerBidder™Pro将帮助提高摩科瑞能源交易ERCOT投资组合中第二项资产的回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STEM":0.9},"content_text":"60-day contract-to-deployment timeline exemplifies Stem’s software-centric strategy to maximize profitability and drive scalable growth\nSAN FRANCISCO, December 17, 2024--(BUSINESS WIRE)--Stem (NYSE: STEM) (\"Stem\" or the \"Company\"), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that Mercuria Energy Trading, a leading global energy trader, has standardized on Stem’s PowerBidder™ Pro to support bidding management and optimization strategies for a second clean energy asset within the Electric Reliability Council of Texas (ERCOT). Deployed fewer than 60 days after contracting, the software’s industry-leading integration and configuration capabilities enabled an accelerated timeline for Mercuria’s trading teams to take control of the asset. This is the second Mercuria asset supported by Stem’s PowerBidder Pro since Q3 2024, representing success for Stem’s refined software and services-centric strategy in driving predictable, scalable growth and profitability for the Company.\n\"Mercuria holds extensive expertise in the energy market but it’s imperative to have a technology partner to optimize this knowledge against evolving market dynamics. Stem’s PowerBidder Pro has effectively automated these complexities, allowing our traders to focus on strategic opportunities to maximize returns,\" said Cody Moore, Head of Gas and Power Trading at Mercuria. \"PowerBidder Pro’s extensive configurability and quick integration timeline combined with the advanced automation capabilities have been valuable this year and are a strong differentiator. We appreciate Stem's strong partnership, technical product and market expertise, and excellent customer service from contract execution to operational support as Mercuria expands our clean energy asset portfolio within ERCOT.\"\n\"Participants in today’s highly complex wholesale power markets need trusted, proven partners with solutions that deliver high levels of performance, flexibility, and control. Regardless of a customer’s return objectives, risk appetite, and energy trading capabilities, Stem’s PowerBidder Pro empowers them with fully configurable strategies in automated or manual bidding mode, accompanied by analytics and insights that inform future decisions,\" said Cedric Brehaut, Senior Vice President of Product at Stem. \"Stem is proud of the proven value we have already delivered to Mercuria and of our growing partnership as a result. We look forward to continuing profitable growth in ERCOT.\"\nBy standardizing on PowerBidder Pro across its portfolio, Mercuria expects to realize scaled benefits as its trading teams gain access to intuitive dashboards that organize real-time performance metrics, advanced forecasts and analytics, and customizable configurations necessary for tailoring trading strategies to each energy storage system’s constraints, contractual obligations, and Mercuria’s unique risk management objectives in response to volatile market conditions.\nLearn more about PowerBidder Pro at stem.com/powerbidder-pro.\nAbout Stem\nStem (NYSE: STEM) is a global leader in AI-enabled software and services that enable its customers to plan, deploy, and operate clean energy assets. The Company offers a complete set of solutions that transform how solar and energy storage projects are developed, built, and operated, including an integrated suite of software and edge products, and full lifecycle services from a team of leading experts. More than 16,000 global customers rely on Stem to maximize the value of their clean energy projects and portfolios. Learn more at stem.com.\nAbout Mercuria Energy Trading\nEstablished in 2004, Mercuria is one of the world's largest independent energy and commodity groups, revolutionizing the commodity value chain through technology, expertise, and low-carbon solutions. The company has firmly positioned itself as a leader in the energy transition, with over 50 percent of its new investments directed towards renewables and transitional energy. Mercuria has made substantial contributions to projects such as renewable power, energy storage, grid optimization, critical transition minerals recycling, and environmental products, showcasing its dedication to a sustainable future. www.mercuria.com.\nSource: Stem, Inc.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241217028919/en/\nContacts\nStem Investor ContactsTed Durbin, StemMarc Silverberg, ICRIR@stem.com\nStem Media Contact Suraya Akbarzad, Stempress@stem.com\nMercuria Media Contacts Matt J. LauerBenoit Lioudcommunications@mercuria.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492965116"}