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

Syncarpha Capital

Syncarpha Capital, a private equity firm specializing in solar projects, needed an expert energy storage partner to help develop a front-of-meter project that would integrate with wholesale energy markets and comply with state and federal incentive programs. Their challenge was to conduct extensive due diligence and navigate enrollment complexities to ensure the system was sized and operated for maximum ROI. They chose Stem for its pioneering experience and services.

Stem provided its Athena software and managed operations to support compliance with the SMART Program and federal investment tax credits. This enabled the project's participation in ISO New England wholesale energy markets. As a result, the Blandford project became the first 8MWh of a 28MWh solar plus storage portfolio Stem will operate for Syncarpha, with four additional projects now in development.

Syncarpha Capital