Stem Enters New Services Agreement with Bluesphere Ventures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Stem announced that it has entered into a new services agreement with Bluesphere Ventures to support its portfolio of standalone battery energy storage projects participating in New York's Value of Distributed Energy Resources program. Under the agreement, Stem will provide revenue modeling, market analysis, and intelligence across Bluesphere Ventures' pipeline of battery storage projects located within Consolidated Edison territory in New York City. Stem's analysis evaluates multiple tariff structures, cycling scenarios, and revenue stacking strategies available under New York's VDER program, drawing on Stem's active operating experience across each modeled scenario. The engagement also incorporates Stem's proprietary Local Law 97 optimization capability, a novel revenue stream modeled exclusively for Bluesphere Ventures as part of this engagement. "New York is one of the most complex and opportunity-rich markets for standalone storage in the country and getting the revenue modeling right at the outset is critical," said Mike Carlson, President of Managed Services at Stem. "What sets our approach apart is that we model these systems the same way we operate them, informed by real runtime data from assets already in the ground. That discipline closes the gap between projected and actual performance, and it gives our clients a much more grounded basis for their investment decisions."
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Analyst Views on STEM
Wall Street analysts forecast STEM stock price to rise
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 7.790
Low
18.00
Averages
19.25
High
23.00
Current: 7.790
Low
18.00
Averages
19.25
High
23.00
About STEM
Stem, Inc. provides artificial intelligence (AI)-driven software and services that enable its customers to plan, deploy, and operate clean energy assets. It offers a suite of solutions that are designed to transform how solar and energy storage projects are developed, built, and operated, including an integrated suite of software and edge hardware products, and full-lifecycle energy services. Its software applications are enabled by its AI platform, PowerTrack Optimizer. Its software applications include PowerTrack APM, PowerCore EMS and PowerBidder Pro. Its asset performance management (APM) application, PowerTrack APM, provides a unified solution that enables asset owners and operators to efficiently monitor and control complex storage, solar, and hybrid portfolios. Its energy management system (EMS) application, PowerCore EMS, is a technology-agnostic, edge-to-cloud integration solution for monitoring, managing, and controlling energy storage and hybrid systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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