It operates in areas within the energy storage landscape: Behind-the-Meter and Front-of-the-Meter.
Additionally, the Company’s energy storage solutions support renewable energy generation by alleviating grid intermittency issues. It delivers its battery hardware and software-enabled services through its Athena platform to its customers.
#Stem inc. energy storage logo software
It provides an ongoing software platform and professional services to operate integrated energy storage and solar systems, through its Athena artificial intelligence (AI) platform (Athena), and solar asset performance monitoring and control, through Athena’s PowerTrack application. Microgrid Electrical grid Smart grid Renewable energy, energy, text, logo. The Company provides customers with an energy storage system, sourced from global battery original equipment manufacturers (OEMs), that the Company delivers through its partners, including developers, distributors, and engineering, procurement, and construction firms. Energy storage Stem, Inc Demand response Renewable energy, energy, text. is a digitally connected, intelligent energy storage network provider. The APsystems microinverter solution combines highly efficient power inversion with user-friendly monitoring to bring you reliable, sustainable energy.
The company said on Thursday that it remains on track to complete the merger this quarter.Ĭhoose your newsletter by Renewables Now.Industrials : Electrical Equipment | Small Cap Blend Company profile Since 2014, Stem has commissioned over 600 MWh of storage capacity. When announcing the merger deal, CEO Carrington said that it will speed up the company’s growth and will enable expansion to several global markets in addition to the existing ones of the US, Japan and Canada. Its offerings allow customers and partners to automatically switch between battery power, onsite generation and grid power to optimise energy usage. Millbrae, California-based Stem offers integrated energy storage systems, long-term recurring software services and energy market participation via its proprietary AI-powered software platform Athena. By discharging energy when it’s most valuable, battery storage creates tremendous value and flexibility for customers. In addition to Carrington, the post-merger board will include David Buzby as chairman, Adam E Daley, Michael C Morgan, Anil Tammineedi, Lisa L Troe, Laura D’Andrea Tyson and Jane Woodward. SOLUTIONS Energy Storage Generate More Revenue and Decrease Energy Costs Adding battery storage to solar, wind, EV charging and other renewable and distributed energy projects can increase revenues substantially. The combined company, which will trade under the new ticker symbol “STEM,” will be led by CEO John Carrington, who has an extensive background in the solar industry having previously been part of solar product manufacturers MiaSole and First Solar Inc.
Through this move, Stem will obtain gross proceeds of USD 608 million, including a USD-225-million, fully-committed Private Investment in Public Equity (PIPE) deal anchored by existing and new investors such as funds and accounts managed by BlackRock Inc (NYSE:BLK), Van Eck Associates Corporation, Adage Capital Management LP, Electron Capital Partners and Senator Investment Group.
#Stem inc. energy storage logo pro
The deal gives the resulting company a pro forma equity value of USD 1.35 billion (EUR 1.12bn), at a price of USD 10.00 per Star Peak share and assuming no redemptions by Star Peak shareholders. Solar Monitoring Bundle Order via Storage and EV Charging Management Bundle Solar, Storage, and EV Charging Management Athena The enterprise platform that unlocks flexibility across the clean energy value chain Learn how you can confidently deploy and monetize clean energy technologies at scale through an extensible platform. energy storage firm Stem nears 1. Under the terms of the agreement, Stem will secure a listing on the New York Stock Exchange (NYSE) by combining with Star Peak Energy Transition Corp (NYSE:STPK). STEM - Mithril In The News Stem Inc becomes ‘first publicly-traded smart energy storage company’ as SPAC merger completes EnergyStorage (Apr, 2021) U.S. Stem Inc, an energy storage expert that agreed a tie-up with a publicly-traded special purpose acquisition company (SPAC) in December, today announced the board of directors for the post-merger company.
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