Austin Energy will soon offer its commercial consumers the option of behind-the-meter solar power storage options developed by Stem Inc.
The project is part of the U.S. Department of Energy's grant to Austin Energy under the Sustainable and Holistic Integration of Energy Storage and Solar Photovoltaics program, also known as SHINES. The program aims to reduce electric costs from combined solar and storage projects to below 14 cents/kWh.
The software-run storage systems "will reduce businesses' energy costs by reducing their peak demand and providing them with real-time energy management and visualization tools," Austin Energy said in a June 1 news release. The storage systems will be deployed at consumers' sites alongside solar systems.
Stem is a commercial-scale intelligent energy storage service that develops software-run electric storage systems that enhance reliability to the grid.