Case Study: Syncarpha Capital maximizes solar-plus-storage portfolio value with Stem

Maximizing Portfolio Value Under Massachusetts' SMART Program

Syncarpha Capital, a New York-based solar developer and operator, needed an expert energy storage partner to help maximize the value of a front-of-meter solar plus storage project under Massachusetts’ SMART program while navigating complex wholesale market and incentive requirements. Syncarpha selected Stem, along with its Athena software, to support the project’s sizing, compliance, and market registration needs.

Stem and AlsoEnergy helped streamline ISO New England registration and supported SMART and tax credit compliance, enabling the 4MW/8MWh battery paired with 5MW of solar PV in Blandford, MA to come online in June 2020. The project became the first 8MWh phase of a planned 28MWh portfolio in Massachusetts, helping Syncarpha generate revenue sooner and position additional projects for future development and wholesale market participation.

Syncarpha Capital

Cliff Chapman

Chief Executive Officer