Mercuria Energy Trading Selects Stems Powerbidder Pro

By Author: Orson Amiri
Total Articles: 418
Comment this article

Stem, a global leader in AI-driven clean energy solutions, has announced that its Athena® PowerBidder™ Pro application has been chosen by Mercuria Energy Trading for bid optimization management in its first energy storage system (ESS) in Electric Reliability Council of Texas (ERCOT). Mercuria will utilize PowerBidder Pro's advanced analytics, price forecasting, and bid optimization to create customized trading strategies for its energy storage assets, participating in ERCOT, the primary power supplier for over 26 million customers in Texas. Stem aims to empower traders and asset owners, putting them in control while enabling scaling and automation in response to market demands.

Cedric Brehaut, Stem's Vice President of Cloud Solutions, expressed excitement about Mercuria being the first PowerBidder Pro customer. The software automates trading strategies on top of Athena's industry-leading forecasting, supporting Mercuria's goals in ERCOT and other markets. Mercuria, focusing on renewable energy with over 20 GW in its investment pipeline, sees Stem's PowerBidder Pro as a key tool to optimize renewable assets, integrating ...
... seamlessly into existing workflows and ensuring effective risk management in evolving markets. The application offers real-time metrics, forecasts, and customizable configurations, providing a scalable solution for managing trading strategies across Mercuria's entire storage ESS portfolio as it grows to meet energy transition objectives. Stem also offers direct support for asset management through its energy experts.

For more information, 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