Bluesphere Ventures today announced an advisory engagement with Stem, Inc. (NYSE: STEM) to provide revenue modeling and market intelligence across its 1 GW pipeline of standalone battery storage projects in Con Edison territory.

Under the agreement, Stem's Managed Services team will model Bluesphere's 5 MW projects against New York's Value of Distributed Energy Resources (VDER) tariff, drawing on more than 1.5 GWh of operational runtime data — among the largest live datasets in the industry. The engagement also incorporates Stem's proprietary Local Law 97 optimization capability, a novel revenue stream modeled exclusively for Bluesphere.

New York City's electrical demand is set to climb sharply over the coming decade. Local Law 97 is pushing the city's largest buildings off gas and onto electric heat, statewide EV mandates are loading up distribution feeders never sized for vehicle charging at scale, and the AI data center buildout will compete for the same capacity.

"New York is facing the largest demand-side rebuild of any grid in the country, and Con Edison has the hardest job of any utility," said Eddie Soleymani, CEO of Bluesphere Ventures. "Heat pumps, EVs and AI all want to plug into the same wires. This grid cannot be rebuilt through transmission alone — it has to be rebuilt one urban-sited battery at a time. Bluesphere believes New York is on track to become the most energy-independent state in the country, and Stem's analysis is the discipline that lets us back that conviction with capital."

"We didn't want a partner who just knew the New York market — we wanted the one operating in it," said Dustin Muscato, Principal Partner at Bluesphere Ventures. "Stem isn't pitching us models. They're showing us how their fleet has actually behaved in this market, hour by hour, against this tariff. That's what an institutional buyer needs to see before they write a check."

New York's 6 GW by 2030 storage target has created a clear policy floor under the asset class. Bluesphere is currently positioning sites for sale at Notice to Proceed and operating select assets long-term as part of a dual-track strategy.

About Bluesphere Ventures

Bluesphere Ventures is an energy storage development company focused on designing and developing 5 MW standalone battery storage systems that enhance grid stability, reliability, and efficiency. The company specializes in bringing "ready-to-buy" projects to market for institutional investors and long-term asset holders, enabling utilities, renewable energy producers, and government entities to meet energy independence and clean energy mandates. Bluesphere Ventures' standardized, scalable approach allows for faster interconnection timelines and flexible deployment across diverse sites and applications.

About Stem About Stem

Stem (NYSE: STEM) is a global leader reimagining technology to support the energy transition. We turn complexity into clarity and potential into performance.

Stem helps asset owners, operators, and energy stakeholders unlock the full value of their portfolios by enabling the intelligent development, deployment, and operation of clean energy assets. Stem’s integrated software suite, PowerTrack, is the industry-standard and best-in-class platform for asset monitoring and optimization and is backed by expert professional and managed services, all delivered under one roof. Designed to address complex energy challenges seamlessly, our technology transforms raw data into clear, actionable insights, providing the visibility and intelligence needed to drive performance. With projects across 55 countries, customers have trusted Stem for nearly 20 years to maximize the value of their clean energy investments.

Driven by human and artificial intelligence, Stem is unlocking energy intelligence. Learn more at stem.com.