Based in Belgium, Solvay manufactures advanced materials and specialty chemicals for a wide range of industries, including the renewable energy and energy storage industries. Stem's AI-driven energy storage system will be over 3 MWh and sited at Solvay's Welland manufacturing plant located in Niagara Falls, Canada, where the firm manufactures phosphine for use in consumer electronics and other high-end applications.
"Reliability of energy supply and competitiveness are key drivers for this project. However, an even larger component is how this accelerates Solvay's transition into more diverse and sustainable platforms for meeting our energy needs. Intelligent energy storage systems are promising technologies to decouple electricity production from consumption and a creative solution to the problem of increasingly strained power grids," said Pascal Chalvon-Demersay, Solvay Chief Sustainability and Energy Officer.
Stem's Global Adjustment offering—specifically designed for Ontario—is ideal for large manufacturing plants and other industrial operations that seek improved control over energy costs and a way to make the electric grid more sustainable. Using predictive analytics and high speed data feeds from the buildings, weather services, and the wholesale market to anticipate IESO grid peak hours, Stem's AI, Athena, releases stored energy at exactly the right times to help Stem's customers.
Stem is the global pioneer of real-time energy optimization for commercial and industrial customers using AI-driven energy storage, and is backed by the industry's largest project finance pool of $650 million.
