Stem Announces First Energy Optimization Deployment at InterContinental Hotels
MILLBRAE, Calif., Nov. 15, 2012 /PRNewswire/ — Stem, a leader in energy optimization combining cloud analytics and intelligent energy storage to reduce commercial electricity costs, today announced its first customer deployment at two InterContinental hotels in San Francisco: the InterContinental Mark Hopkins in Nob Hill, and the InterContinental San Francisco in SoMa.
Stem’s solution leverages the company’s proprietary combination of big data, predictive analytics and energy storage to effectively “hybridize” the hotels by 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 behavior or operations. No other energy service platform exists that integrates sophisticated predictive modeling with cutting-edge energy storage to provide a comprehensive turnkey system. The Stem solution offers 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 Brian Thompson, Founder of Stem.
Stem, a leading provider of energy optimization services, combines big data, predictive analytics and energy storage to reduce electricity costs for businesses. The company’s solution requires no compromises on building occupant comfort and offers unparalleled energy insights, allowing a comprehensive view into past, present and future energy use. As demands on the grid continue to increase, Stem’s system enables good energy citizenship and unlocks the potential for expanded renewable energy integration. Headquartered in Millbrae, California, Stem is funded by leading investors Angeleno Group and Greener Capital. For more information, please visit http://stem.com.
About InterContinental Mark Hopkins
Located on the top of prestigious Nob Hill at the intersection of California and Mason Streets, the InterContinental Mark Hopkins, a historic landmark, is a regular stop on the California Street cable car line. Just minutes away from the financial and theatre districts as well as Union Square and Chinatown, this four-star, four-diamond hotel is also home to the Top of the Mark, the world-renowned 19th floor sky lounge that offers panoramic views of the San Francisco Bay Area. For more information and to make reservations, contact the Mark Hopkins, Number One Nob Hill, San Francisco, Calif. 94108, at 415.392.3434 or 800.NOB HILL (662-4455), or by visiting http://www.intercontinentalmarkhopkins.com.
About InterContinental San Francisco
The InterContinental San Francisco opened in February 2008 at Howard and 5(th) streets next to Moscone West Convention Center. The hotel towers 32 stories above the heart of the City and features 550 rooms, 14 suites, 43,000 sq. ft. of flexible meeting space with natural light, a ten-room treatment spa, full-service fitness center, and an indoor pool. For more information and to make reservations, contact the InterContinental San Francisco, 888 Howard Street, San Francisco, Calif. 94103, at 415.616.6500 or 888.811.4273 or by visiting www.intercontinentalsanfrancisco.com.
About CODA Energy
Headquartered in Los Angeles, CODA Energy manufactures energy storage systems (ESS) based on CODA’s proven battery, battery-management technologies and scalable system architecture. CODA Energy’s products feature a modular design that provides reliable, safe, cost-effective solutions for a wide range of energy and power needs including peak shaving, load leveling, renewable energy integration, frequency regulation, voltage support and T&D upgrade deferral. Its parent company, CODA Holdings, and its other business lines – CODA Automotive and CODA EV Propulsion Systems – develop cost-effective clean technology products that contribute to a smarter grid and reduce not only our global dependence on fossil fuels but also the social, economic and environmental challenges that follow. For more information, visit www.codaenergy.com.