Mercuria Energy Trading Selects Stems PowerBidder Pro

 


Stem, a global leader in AI-driven clean energy solutions, has announced a strategic collaboration with Mercuria Energy Trading, a key player in the global energy trading sector. The partnership involves the integration of Stem's Athena PowerBidder Pro application for bid optimization management in Mercuria's inaugural energy storage system (ESS) within the Electric Reliability Council of Texas (ERCOT). Mercuria will leverage PowerBidder Pro's configurable, analytics-driven features to create tailored trading strategies for its ERCOT energy storage assets, catering to the power needs of over 26 million customers, constituting nearly 90 percent of the state's electric load. Cedric Brehaut, Stem's VP of Cloud Solutions, emphasizes the software's ability to empower traders and asset owners, providing control over strategies and facilitating scalability and automation.

Cody Moore, Head of Gas and Power Trading at Mercuria, highlights the significance of Stem's PowerBidder Pro in optimizing their renewable energy strategies. With over 20 gigawatts of renewable energy in their investment pipeline, Mercuria aims to direct more than 50 percent of investments into the energy transition by 2025. Stem's application is expected to seamlessly integrate into Mercuria's workflows, enhancing their understanding of energy markets while utilizing Stem's innovative technology to optimize battery operations. The PowerBidder Pro, available on the Athena Platform, will provide Mercuria with real-time performance metrics, forecasts, and customizable configurations to tailor trading strategies according to ESS constraints and risk management objectives. Stem's comprehensive solution extends beyond software, offering world-class services for direct asset management support, with their energy experts utilizing PowerBidder Pro across a global network of over 200,000 sites in 50 countries. To explore the capabilities of PowerBidder Pro further, visit stem.com/powerbidder-pro.

Read More - https://www.techdogs.com/tech-news/business-wire/mercuria-energy-trading-selects-stems-powerbidder-pro-to-optimize-market-operations-in-ercot

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