Mercuria Energy Trading Selects Stem's PowerBidder Pro To Optimize Market Operations In ERCOT
Portfolio Pulse from Benzinga Newsdesk
Stem, Inc. (NYSE:STEM) has announced that Mercuria Energy Trading has selected its Athena PowerBidder Pro application to optimize bid management for its first energy storage system in ERCOT. This software-only contract will enable Mercuria to leverage advanced analytics, price forecasting, and automation for trading strategies in the Texas power market. Stem's PowerBidder Pro, part of the Athena platform, offers real-time metrics, industry forecasts, and customizable trading strategies to enhance returns and manage risks for Mercuria's growing energy storage portfolio.
February 28, 2024 | 9:53 pm
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Stem, Inc. (NYSE:STEM) partners with Mercuria Energy Trading to provide its Athena PowerBidder Pro application for optimizing energy storage system bids in ERCOT, aiming to enhance trading strategies and manage risks.
The partnership with Mercuria Energy Trading, a leading global energy trader, represents a significant business opportunity for Stem, Inc. It not only validates Stem's Athena PowerBidder Pro application but also opens avenues for future growth and expansion in the energy trading market. This collaboration is likely to be viewed positively by investors, potentially leading to a short-term uptick in STEM's stock price due to the anticipated increase in revenues and market presence.
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