Mercuria Energy Trading Selects Stem’s PowerBidder Pro to Optimize Market Operations in ERCOT

Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced that its Athena PowerBidder Pro application has been selected by Mercuria Energy Trading, a leading global energy trader, to support bid optimization management for its first energy storage system (ESS) in Electric Reliability Council of Texas (ERCOT). Under this software-only contract, Mercuria will leverage PowerBidder Pro’s award-winning combination of configurability, cutting-edge analytics, advanced price forecasting and bid optimization, and seamless automation to develop customized trading strategies for its energy storage assets to participate in ERCOT, power supplier to more than 26 million customers representing approximately 90 percent of the state's electric load.

“Stem is successfully operating assets in North American wholesale markets on behalf of asset owners. Listening to our customers, we identified a need in the market for a software solution that puts traders and asset owners fully in control of strategies while enabling scaling and automation,” said Cedric Brehaut, Vice President of Cloud Solutions at Stem. “We are excited to announce Mercuria as our first PowerBidder Pro customer. PowerBidder Pro layers and automates customized trading strategies on top of Athena’s industry-leading forecasting and optimization capabilities. We look forward to helping Mercuria drive portfolio returns and effective risk management in the ever-evolving ERCOT market, and in other markets in the near future.”

Cody Moore, Head of Gas and Power Trading at Mercuria, said, “With more than 20 gigawatts (GW) of renewable energy in our investments pipeline and our commitments to direct more than 50 percent of our investments into the energy transition by 2025, Mercuria is diligently working to ensure our renewable energy strategies are fortified with high-performing technologies and partners who can help us further optimize renewable assets. We are excited that Stem’s PowerBidder Pro application will fit into our traders’ existing workflows, allowing us to bring our differentiated knowledge of energy markets while leveraging Stem’s unique technology optimizing battery operations to create an ideal pairing of two best-in-class capabilities.”