Stem to Provide Battery Storage for Con Edison in New York
- Stem one of 10 winners in Con Edison demand-response auction
- Demand-response to help Con Edison defer substation investment
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Stem Inc., a California-based provider of energy-storage systems, is among 10 winners of Consolidated Edison Inc.’s maiden auction for demand-response services, a sign of growing utility demand for battery technology.
The storage company plans to install battery systems with as much as 857 kilowatts of capacity in New York City by 2018. Con Edison expects Stem and the other providers to help reduce power usage on the grid by as much as 22 megawatts during peak periods, the New York-based utility said in an e-mailed statement Friday.