Stem energy storage funds

Does stem save money on utility bills?

In 2020, the combination of Stem’s Athena smart storage software and a storage-friendly tariff saved Granite $860,000 on utility bills. Let's talk. Contact the experts at Stem and learn how to simplify your clean energy management. inquiries, call 877-374-7836 (STEM). Stem provides advanced solutions for a more resilient future.

What is STEM's training platform?

Our leading training platform helps you learn how to sell, model, integrate, and deploy energy storage projects with our Athena platform in the top U.S. energy markets. See how our customers have achieved success with Stem’s exceptional service backed by the industry’s best software.

Is stem a pure-play energy storage startup?

Stem is one of the last pure-play energy storage startups, and has raised about $210 million in equity investment over the years, culminating in a 2018 Series D for $106 million . It’s also raised roughly $355 million in project financing.

How much money does stem have on its balance sheet?

“With over US$500 million of cash on the balance sheet, zero debt and a new public platform, we are now armed with the capital that will help propel Stem’s product, capabilities and market reach to the next level,” Stem’s chief financial officer, Bill Bush, said.

How does stem help a business?

For business customers, this maximizes savings by lowering demand charges on utility bills. With built-in integrations to demand response programs through Athena, Stem helps businesses and asset owners participate in demand response programs that provide grid relief and generate revenue from battery storage systems.

Why should you use stem?

Store excess generation to avoid solar clipping, and capture more value from incentives and programs. This will enhance project bankability and optimize your desired financial targets. As energy use changes and utility rates evolve, Stem uses our real-time Athena software to predict the optimal times to store and release energy.