Stem and ChargePoint Holdings, Inc. have joined forces to offer a new solution aimed at generating economic, environmental and resilience benefits for electric vehicle (EV) charging stations. The new offering integrates Stem’s clean energy platform, Athena, with ChargePoint’s Express Platform and on-site energy storage.
The goal is to drive cost savings and maximize value over the lifetime of the assets. The joint offering also provides support from Stem energy experts to help asset owners secure funding incentives through the National Electric Vehicle Infrastructure (NEVI) Program, which offers up to 80% cost offset for EV charging projects.
Additionally, commercial EV charging sites with high energy demands can leverage the joint offering for operational savings and backup power. The integration of Athena and ChargePoint’s management software will allow for data sharing, leading to higher uptime, lower costs, and a better user experience. The electrification of transportation is expected to represent 50% of Stem’s behind-the-meter activity in three years, representing a multi-billion opportunity.
“Stem is excited to partner with ChargePoint to help customers quickly design, develop, and operate cost-effective EV charging infrastructure projects that deliver real value,” said John Carrington, CEO at Stem. “Electrification of transportation is creating a new load category that is expected to equal one-third of all U.S. electrical load. For Stem, eMobility is expected to represent approximately 50% of our behind-the-meter activity in three years, representing a multi-billion opportunity with our Fortune 500 customers.”
“An integrated ChargePoint and Stem solution broadens the number of sites that can support high-speed charging economically at scale,” said Pasquale Romano, CEO, ChargePoint.
