Torrance, CA - September 06, 2018
Pelican Products and Stem, Inc., the global leader in artificial intelligence (AI)-powered energy storage services, announces Pelican Products’ first AI-driven storage system is now contributing to heat wave relief in Southern California.
Pelican Products is the global leader in the design and manufacture of high-performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems, and rugged gear for professionals and outdoor enthusiasts. Since commencing operation in June 2018, Stem’s 500 kilowatt (KW) AI-powered energy storage system has greatly reduced onsite electricity use at Pelican’s headquarters in Torrance, California.
Pelican’s system joins the world’s largest network of energy storage systems, owned by Stem, which enables its customers to participate in a marketplace of additional utility-facing services. For example, Pelican’s system is called upon when not needed at its Torrance manufacturing plant, providing Southern California Edison additional power needed in the highly-congested West Los Angeles basin.
When heatwaves and wildfires strain the local distribution grid, Stem’s systems are dispatched repeatedly, helping to contribute to the community’s electricity reliability. Pelican’s new energy storage system has already added to the network’s heat wave relief over a dozen times this summer. The company is reviewing plans for a second system at the same site. “We appreciate that performance reliability Stem has to offer,” said Gabe Guerra, Director of Manufacturing Operations for Pelican Products. “We see Stem’s automated services as a smart technique to help us better control our energy use, while supporting sustainability and electricity reliability efforts.”
“Stem’s artificial intelligence platform, Athena™, offers industrial manufacturers automated savings to boost their business operations,” said John Carrington, CEO of Stem, Inc. “We are proud to give equipment manufacturers like Pelican Products, who are serving our first responders, additional means to contribute to the community and increase the reliability of the electric grid with our energy storage innovations.”
Stem has the largest project finance pool among its peers, now over US$650 million, enabling Stem’s 860 energy storage systems under management across five states and three countries (U.S., Japan, and Canada). Athena™, Stem’s cutting-edge AI, is the first of its kind for customer-sited energy storage, performing real-time energy optimization that reduces onsite peak demand and enabling customers to participate via Stem’s networks to access additional services and value streams.
About Stem, Inc.
Stem creates innovative technology services that transform the way energy is distributed and consumed. Athena™ by Stem is the first AI for energy storage and virtual power plants. It optimizes the timing of energy use and facilitates consumers’ participation in energy markets, yielding economic and societal benefits while decarbonizing the grid. The company’s mission is to build and operate the smartest and largest digitally-connected energy storage network for our customers. Headquartered in Millbrae, California, Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek, and Total Energy Ventures. Visit www.stem.comfor more information.
Pelican Products, Inc. is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.
Pelican Products, Inc. is the global leader in the design and manufacture of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican™ products are designed and built to last a lifetime. The company operates in 21 countries, with 22 international sales offices and six manufacturing facilities around the globe. In Europe, the company does business under the name Peli Products, S.L.U. For more information, visit www.pelican.com or www.behrmancap.com.
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