Energy storage manufacturer Stored Power Technology is the latest addition to Riverside’s emerging carbon-free technology sector.
SPT integrates artificial intelligence with home and industrial battery storage systems. The company, which relocated from Corona in January, specializes in lithium-iron phosphate, or LFP battery systems, AI-powered energy management and charging infrastructure for electric vehicles, city officials said. SPT’s electricity storage systems work with solar panels and automatically adjust consumption based on weather patterns, grid conditions and user behavior.
“We are thrilled to welcome SPT to Riverside’s growing green technology hub,” Mayor Patricia Lock Dawson said in a statement. “Their focus on innovation, sustainability and smart home integration aligns perfectly with our city’s clean energy and economic development priorities.”
SPT has scheduled a ribbon-cutting ceremony and launch event for 10 a.m. Tuesday at its new headquarters and conference hall, 2990 Myers St.
This event will also feature the Future Forward: Energy Management Innovation Challenge — Riverside Edition and “combines a corporate launch with a student innovation competition, spotlighting the intersection of AI and clean energy while fostering collaboration between industry leaders, academia, and local government,” according to a city statement.
SPT’s AI technology is developed at its newly launched SPT Energy AI Lab, led by Alex Liu, former IBM chief data scientist. The lab focuses on new technologies such as microgrid control, power forecasting and intelligent battery management systems.
SPT is also partnering with UC Riverside’s Office of Technology Partnerships and Center for Environmental Research & Technology with goals of expanding collaborative research, workforce development and product innovation, according to the city.
More information about the company is at sptus.com.
