Stem announces first energy optimization at Intercontinental Hotels

Stem's energy optimization system that combines cloud analytics with intelligent energy storage to reduce commercial electricity costs, announced its first customer deployment at two San Francisco InterContinental hotels i: the InterContinental Mark Hopkins in Nob Hill, and the InterContinental San Francisco in SoMa. Stem's approach leverages the company's proprietary combination of big data, predictive analytics and energy storage to effectively "hybridize" the hotels, intelligently switching between battery power and grid power to reduce energy costs. Stem's Energy Optimization service provides energy savings without requiring any change in customer behaviour or operations. No other energy service platform exists currently that integrates sophisticated predictive modelling with cutting-edge energy storage to provide a comprehensive turnkey system. The Stem claims to offer a truly automatic, real-time decision making engine that dynamically stores energy from the electricity grid and discharges energy into business operations to create maximum energy savings for customers. The technology demonstration systems are powered by Stem's cloud-software and advanced power electronics, working together to operate CODA Energy's lithium-ion battery core. The Core is the same battery chemistry and technology used in CODA's all-electric vehicles. "At the InterContinental Mark Hopkins and InterContinental San Francisco, we have already benefitted from traditional energy conservation and efficiency measures, and are excited about Stem's ability to deliver even smarter energy use without compromising the comfort of our guests," said Harry Hobbs, area director of engineering for both InterContinental Mark Hopkins and InterContinental San Francisco. "Stem's technology is a great fit because it goes beyond energy efficiency to look for other ways to reduce our electricity bills, delivering immediate bottom-line value while at the same time reducing our carbon footprint." Stem's system runs on large amounts of data, including historical weather information and industry vertical usage patterns. Customers like Hobbs benefit from Stem's rich data and unparalleled insights into past, present, and future energy use that can be used to guide critical real-time operational decisions. "The InterContinental, a truly globally recognized brand, is an ideal customer to deploy our technology," said Salim Khan, CEO of Stem. "World-class luxury hotels have specific requirements around the comfort expected by guests in their buildings. We are pleased that Stem is able to provide the energy insight and optimization they need without affecting the first-class guest experience." "We are delighted to have the InterContinental Hotels of San Francisco as our first installed customer and we look forward to a great relationship with the InterContinental for years to come," said Stem founder, Brian Thompson. Stem