CAMPBELL, Calif. – ChargePoint Holdings, Inc., a leading electric vehicle (EV) charging network, and Stem, a global leader in AI-driven clean energy solutions and services, announced an agreement to speed up the deployment of EV charging and battery storage solutions. The deal aims to combine EV charging with battery storage and AI-driven energy management, allowing EV site hosts to reduce operating costs and enhance energy resiliency.
Under the agreement, ChargePoint will analyze the EV charging demand at sites looking to install DC chargers, assess their eligibility for incentive programs, and work with Stem to determine if a battery energy storage system can reduce operating costs. The two companies plan to integrate ChargePoint’s Express Plus advanced fast charging platform with Stem’s clean energy platform, Athena, and on-site energy storage. This joint solution has the potential to assist businesses in meeting their ESG goals, especially when combined with on-site solar, and lower an EV site host’s utility bills by mitigating costly demand charges.
“An integrated ChargePoint and Stem solution broadens the number of sites that can support high-speed charging economically at scale,” said Pasquale Romano, CEO of ChargePoint.
The agreement comes as the federal government invests billions of dollars in EV charging through the Bipartisan Infrastructure Law, including $7.5 billion for highway and community charging. Stem CEO, John Carrington, expressed excitement about the partnership, saying “The combination of Stem’s solar and storage management leadership and ChargePoint’s EV charging leadership will help empower customers to confidently invest in proven EV strategies with on-site renewables and storage for both immediate and long-term operational, economic, and environmental value.”
Express Plus, one of the most advanced high power DC fast charge platforms in the U.S. market, is designed for fueling and convenience, retail, and highway corridor charging locations. It can deliver up to 500kW per port and has a modular design that allows for easy scaling to meet future demand as EV adoption and vehicle capability grows. The benefits of Express Plus are amplified with data from Stem’s on-site energy storage system and clean energy platform that learns from EV charging behaviors.