Stem Announces First Energy Optimization Deployment at InterContinental Hotels

Stem Announces First Energy Optimization Deployment at InterContinental Hotels

Stem's system delivers cost savings using data, analytics and energy storage
at the historic InterContinental Mark Hopkins and LEED Gold Certified
InterContinental San Francisco hotels

PR Newswire

MILLBRAE, Calif., Nov. 15, 2012

MILLBRAE, Calif., Nov. 15, 2012 /PRNewswire/ -- Stem,a leader in energy
optimization combining cloud analytics and intelligent energy storage to
reduce commercial electricity costs, today announced its first customer
deployment at two InterContinental hotels in San Francisco: the
InterContinental Mark Hopkins in Nob Hill, and the InterContinental San
Francisco in SoMa.

Stem's solution leverages the company's proprietary combination of big data,
predictive analytics and energy storage to effectively "hybridize" the hotels
by intelligently switching between battery power and grid power to reduce
energy costs. Stem's Energy Optimization service provides energy savings
without requiring any change in customer behavior or operations. No other
energy service platform exists that integrates sophisticated predictive
modeling with cutting-edge energy storage to provide a comprehensive turnkey
system. The Stem solution offers a truly automatic, real-time decision making
engine that dynamically stores energy from the electricity grid and discharges
energy into business operations to create maximum energy savings for
customers. The technology demonstration systems are powered by Stem's
cloud-software and advanced power electronics working together to operate CODA
Energy's lithium-ion battery core. The Core is the same battery chemistry and
technology used in CODA's all-electric vehicles. 

"At the InterContinental Mark Hopkins and InterContinental San Francisco, we
have already benefitted from traditional energy conservation and efficiency
measures, and are excited about Stem's ability to deliver even smarter energy
use without compromising the comfort of our guests," said Harry Hobbs, Area
Director of Engineering for both InterContinental Mark Hopkins and
InterContinental San Francisco. "Stem's technology is a great fit because it
goes beyond energy efficiency to look for other ways to reduce our electricity
bills, delivering immediate bottom-line value while at the same time reducing
our carbon footprint."

Stem's system runs on large amounts of data, including historical weather
information and industry vertical usage patterns. Customers like Hobbs
benefit from Stem's rich data and unparalleled insights into past, present,
and future energy use that can be used to guide critical real-time operational
decisions. 

"The InterContinental, a truly globally recognized brand, is an ideal customer
to deploy our technology," said Salim Khan, CEO of Stem. "World-class luxury
hotels have specific requirements around the comfort expected by guests in
their buildings. We are pleased that Stem is able to provide the energy
insight and optimization they need without affecting the first-class guest
experience."

"We are delighted to have the InterContinental Hotels of San Francisco as our
first installed customer and we look forward to a great relationship with the
InterContinental for years to come," said Brian Thompson, Founder of Stem.

About Stem
Stem, a leading provider of energy optimization services, combines big data,
predictive analytics and energy storage to reduce electricity costs for
businesses. The company's solution requires no compromises on building
occupant comfort and offers unparalleled energy insights, allowing a
comprehensive view into past, present and future energy use. As demands on the
grid continue to increase, Stem's system enables good energy citizenship and
unlocks the potential for expanded renewable energy integration. Headquartered
in Millbrae, California, Stem is funded by leading investors Angeleno Group
and Greener Capital. For more information, please visithttp://stem.com.

About InterContinental Mark Hopkins
Located on the top of prestigious Nob Hill at the intersection of California
and Mason Streets, the InterContinental Mark Hopkins, a historic landmark, is
a regular stop on the California Street cable car line. Just minutes away
from the financial and theatre districts as well as Union Square and
Chinatown, this four-star, four-diamond hotel is also home to the Top of the
Mark, the world-renowned 19th floor sky lounge that offers panoramic views of
the San Francisco Bay Area. For more information and to make reservations,
contact the Mark Hopkins, Number One Nob Hill, San Francisco, Calif.94108, at
415.392.3434 or 800.NOB HILL (662-4455), or by visiting
http://www.intercontinentalmarkhopkins.com.

About InterContinental San Francisco
The InterContinental San Francisco opened in February 2008 at Howard and 5^th
streets next to MosconeWest Convention Center. The hotel towers 32 stories
above the heart of the City and features 550 rooms, 14 suites,43,000 sq. ft.
of flexible meeting space with natural light, a ten-room treatment spa,
full-service fitness center, and an indoor pool. For more information and to
make reservations, contact the InterContinental San Francisco, 888 Howard
Street, San Francisco, Calif. 94103, at 415.616.6500 or 888.811.4273 or by
visiting www.intercontinentalsanfrancisco.com.

About CODA Energy
Headquartered in Los Angeles, CODA Energy manufactures energy storage systems
(ESS) based on CODA's proven battery, battery-management technologies and
scalable system architecture. CODA Energy's products feature a modular design
that provides reliable, safe, cost-effective solutions for a wide range of
energy and power needs including peak shaving, load leveling, renewable energy
integration, frequency regulation, voltage support and T&D upgrade deferral.
Its parent company, CODA Holdings, and its other business lines – CODA
Automotive and CODA EV Propulsion Systems – develop cost-effective clean
technology products that contribute to a smarter grid and reduce not only our
global dependence on fossil fuels but also the social, economic and
environmental challenges that follow. For more information, visit
www.codaenergy.com.

SOURCE Stem

Website: http://www.intercontinentalsanfrancisco.com
Website: http://www.stem.com
Website: http://www.intercontinentalmarkhopkins.com
Website: http://www.codaenergy.com
Contact: Jessica Appelgren, +1-415-871-2003, jessica.appelgren@saatchis.com
 
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