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CODA Energy Teams up with Stem in Deployment of Smart Energy Optimization System at the InterContinental Hotels of San



  CODA Energy Teams up with Stem in Deployment of Smart Energy Optimization
            System at the InterContinental Hotels of San Francisco

Energy Optimization Solutions from Stem Including a Battery-Based CODA Core™
Helps Two Landmark Hotels Efficiently Manage Renewable Electricity Usage and
Demands

PR Newswire

LOS ANGELES, Nov. 15, 2012

LOS ANGELES, Nov. 15, 2012 /PRNewswire/ -- CODA Energy, a developer and
manufacturer of highly adaptive, scalable and reliable core energy products,
announced a new relationship today with Stem, a leading provider and innovator
of energy optimization services. Deployed as part of Stem's energy
optimization system, CODA's lithium-ion battery architecture with battery
management system (BMS) technology is a part of Stem's solution for effective
management of energy usage and cost of electric power for the InterContinental
Mark Hopkins Hotel and the InterContinental San Francisco Hotel. The
deployment marks the first commercial collaboration between CODA and Stem.

(Photo: http://photos.prnewswire.com/prnh/20121115/LA14019)

(Logo: http://photos.prnewswire.com/prnh/20120119/LA38885LOGO)

"We're excited to be at the core of Stem's innovative energy optimization
solution for a forward-thinking and energy conscious hotel group such as
InterContinental," said Ed Solar, CODA Energy senior vice president. "Our
project with Stem showcases the adaptability of our core technology, and
demonstrates how it helps to solve real energy challenges. We look forward to
applying our cost-effective energy solutions to future Stem and other energy
optimization projects that mitigate impact on the electrical grid and
commercial electricity budgets."

The Stem systems delivered to the InterContinental Hotels include a CODA Core™
of lithium-ion batteries and BMS technology integrated with Stem's energy
optimization solution. This foundational CODA Core storage technology also
powers the all-electric vehicles manufactured by CODA Automotive, CODA
Energy's sister company, and is designed to maximize available energy and
provide a long-lasting and durable solution. Ideal for commercial and
industrial customers, the new deployment by Stem helps improve power
reliability and quality, reduce peak demand charges and optimize time-of-use
rates.

"We're pleased to be working with CODA Energy on our first customer
installation," said Tad Glauthier, vice president of sales and marketing of
Stem. "Stem's data, predictive analytics and energy optimization system, along
with the CODA Core, optimizes electricity use for the InterContinental hotels,
allowing them to save money without requiring changes in behavior or
operations."

CODA Energy's primary business is to design and build comprehensive and
reliable energy storage systems (ESS) for a range of applications that support
a flexible, greener, and more sustainable grid. Designed to be cost-effective
and environmentally responsible from development to deployment, the modular
and adaptable design of CODA Energy's ESS allows solutions to be configured to
the customer's needs and scalable for future growth.

More information and images can be obtained at codapressroom.com.

About CODA Energy

Headquartered in Los Angeles, CODA Energy manufactures energy products based
on a core of CODA's heavily utilized batteries, adaptive battery-management
technology, and scalable system architecture. CODA Energy's products feature a
modular design that provides reliable, secure, 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
transmission and distribution (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 provide
improved security and value for a complex and dynamic world. For more
information, visit codaenergy.com.

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 visit http://stem.com.

SOURCE CODA Energy

Website: http://www.codaenergy.com
Website: http://stem.com
Contact: Larkin Hill, +1-323-557-1491, lhill@codaelectric.com, or Allie Mayer,
+1-323-557-1624, amayer@codaelectric.com
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