Adding energy storage can boost solar PV project revenues by as much as 50% in the US state of Massachusetts, US developer Stem Inc has claimed.
The storage provider made the claim while announcing the completion of a front-of-meter solar project that boasts 8MWh of storage. That project, located near Springfield, MA, is one of four AC-coupled front-of-meter projects Stem is working on alongside Syncarpha.
It combines just under 5MW of solar with the storage capacity and marks Stem’s debut as an independent power producer (IPP).
