READING, Pa., Aug. 30, 2021 /PRNewswire/ -- Penske Truck
Leasing continues to expand its fleet electrification efforts
including the evaluation of important related technologies to
support the emerging charging needs of battery electric trucks.
Since April 2021, Penske has worked
with Stem, Inc., a global leader in artificial intelligence
(AI)-driven energy storage services, to pilot its Athena®
smart energy storage software and operate an advanced battery
storage system. The pilot project included a 350 kilowatt (kW)/800
kilowatt hour (kWh) battery system powered by Stem's Athena at
Penske's heavy-duty truck charging positions in Ontario, California.
"We collaborated with Stem and other suppliers in designing and
implementing the electric vehicle (EV) charging infrastructure,"
said Sean Yentsch, vice president
facilities at Penske. "We then used Stem's Athena® smart energy
software to optimize the electricity requirements associated with
charging commercial electric trucks. We've been pleased with the
initial results, and we continue to evaluate expanding the use of
this AI-driven energy storage system as new charging positions
equipped with supplemental battery storage are established."
Stem's Athena predicts when the charging site's electricity
demand will spike and uses the supplemental stored energy via
on-site batteries at the optimal time to drive off-peak electricity
savings and minimize utility peak demand charges. Since starting
the pilot, smart energy storage has driven a 40% decrease in
Penske's site peak energy consumption.
Stem collaborated with Penske and its other suppliers in project
execution, including optimizing energy tariffs, utilizing energy
storage to secure funds from California Air Quality Resources
(CARB) as well as securing incentives from California's Self Generation Incentive Program
(SGIP).
John Carrington, chief executive
officer of Stem, commented, "The growth in demand for electric
vehicles and fleet charging solutions will require smart energy
storage to help optimize energy usage, support the grid, and help
companies go electric. Our Athena® software
continues to stand out as a premier solution offering, bringing
together the many critical components in driving customer savings
and greenhouse gas (GHG) emissions reduction. We are proud of our
delivered AI-driven services to Penske, a leader in fleet
electrification initiatives. The superior results of this EV
project prove the unique role energy storage can play as a system
integrator and the value of having a scalable, AI-powered services
platform.
"For businesses, smart charging with energy storage can help to
manage costs and electrical loads, while helping future-proof
facilities against expensive upgrades," added Carrington. "For
utilities, smart energy storage can serve as a cost-effective
solution for meeting the significant charging loads associated with
fleet electrification."
Penske Truck Leasing is a Penske Transportation Solutions
company headquartered in Reading,
Pennsylvania. A leading global transportation services
provider, Penske Truck Leasing operates more than 350,000 vehicles
and serves customers from more than 1,300 locations in North America, South
America, Europe,
Australia and Asia. Product lines include full-service truck
leasing, contract maintenance, commercial and consumer truck
rentals, used truck sales, transportation and warehousing
management and supply chain management solutions.
Visit http://www.pensketruckleasing.comto learn more.
Stem, Inc. (NYSE: STEM) provides solutions that address the
challenges of today's dynamic energy market. By combining advanced
energy storage solutions with Athena®, a world-class AI-powered
analytics platform, Stem enables customers and partners to optimize
energy use by automatically switching between battery power, onsite
generation and grid power. Stem's solutions help enterprise
customers benefit from a clean, adaptive energy infrastructure and
achieve a wide variety of goals, including expense reduction,
resilience, sustainability, environmental and corporate
responsibility and innovation. Stem also offers full support for
solar partners interested in adding storage to standalone,
community or commercial solar projects – both behind and in front
of the meter. For more information, visit www.stem.com.
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SOURCE Penske Truck Leasing