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Company	Stem
Short Description	Developer of energy storage and software solutions to help businesses better manage electricity use and enhance grid operations
Status	Public
Year Founded	2009
Industry Group	energy & power
Sector	energy networks
TRL Range	9
Country	United States
Nbr Employees	101-250
Revenue Range	$25m - $100m
Total Equity Capital Raised	$232.9M
Last Stage Capital Raised	Growth Equity round of $30M 2019
Investors	EFW Partners, Angeleno Group, Clean Fleet Investors, Elemental Excelerator, Iberdrola Ventures - PERSEO, GE Ventures, US Department of Energy (DOE), B Asset Manager, Constellation Technology Ventures, Total Carbon Neutrality Ventures, Mitsui, RWE, Mithril Capital Management, Starwood Energy Group, Temasek Holdings, Activate Capital, Ontario Teachers’ Pension Plan (OTPP), BNP Paribas, Magnesium Capital, WIND Ventures

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Short description

Developer of energy storage and software solutions to help businesses better manage electricity use and enhance grid operations

Founded in 2009

Founded in

Company type Public Public (STEM)

Company type

Industry Group energy & power

Sector energy networks

TRL Range 9

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

TRL Range

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Headquarters Millbrae, CA Millbrae, United States

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Updated by Gabe Schwartz at Stem on 03/09/2015

Edited by Cleantech Group on 07/01/2024

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Gabe Schwartz

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Traction

10 customers
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12 partnerships
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15 financing events

33 investors

1 products

1 M&A items

Date		Company
		Can't find a company? Add a company Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
02/24/2022		Available Power Available Power Stem will provide smart energy storage solutions to Available Power, at 100 front-of-the-meter sites throughout Texas. Confirmed by Available Power	Learn more	Delete

Date		Partner	Type
		Can't find a partner? Add one Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
01/06/2022		Engie Engie Stem partners with Engie to apply Stem's storage management software to ENGIE's eMobility platform. View source Confirmed by Engie	Technology Partner	Delete

IPO INFORMATION

Date 04/29/2021	IPO status Listed	IPO Type SPAC	Amount $608M
Initial shares 2000000	Ticker symbol STEM	Exchange listed NYSE
Prospectus URL Prospectus	Source URL Source

Description

Stem became publicly listed through a business combination with Star Peak Energy Transition Corp. The combined company will have an estimated equity value of approximately $1.35 billion.

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Date	Investors	Type	Amount
	Can't find an investor? Add an investor Valuation Description 400/400 characters left Related press release or article about this deal Cancel Save
11/30/2019	WIND Ventures WIND Ventures (1) Post-money valuation of The investment came from Copec’s corporate venture capital arm. (source)	Growth Equity	$30,000,000	Delete

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Product image	Name	Product status	Revenue model	Cost metrics
Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Stem Zero Financing program that enables customers to acquire Stem system for no upfront cost. Instead, clients pay fixed, monthly payments.	Pilot/Early Revenue	Products - Retail	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Stem Zero

Financing program that enables customers to acquire Stem system for no upfront cost. Instead, clients pay fixed, monthly payments.

Pilot/Early Revenue

Products - Retail

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Developer of energy storage and software solutions to help businesses better manage electricity use and enhance grid operations

IPO INFORMATION

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