Articles from Stem, Inc.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its Board of Directors has appointed Arun Narayanan as Stem’s new Chief Executive Officer, effective January 27, 2025. Additionally, David Buzby will step down as Interim CEO and Executive Chairman of the Board, effective January 27, 2025, and will remain Chair of the Board.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions will be standard in supporting the commercial operation of a 484 megawatt (MW) solar portfolio for Neovolt, one of the largest asset owners in Hungary. Under the five-year agreement, Stem's PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. Stem’s strength in both technical execution and local market adaptation of renewable energy assets was a key deciding factor for Neovolt to standardize on Stem. With PowerTrack Web’s more than 720 megawatt peak (MWp) total install base in the region, Stem continues to add to its growing foothold in Eastern Europe.

Stem (NYSESTEM) (“Stem” or the “Company”), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that Mercuria Energy Trading, a leading global energy trader, has standardized on Stem’s PowerBidder™ Pro to support bidding management and optimization strategies for a second clean energy asset within the Electric Reliability Council of Texas (ERCOT). Deployed fewer than 60 days after contracting, the software’s industry-leading integration and configuration capabilities enabled an accelerated timeline for Mercuria’s trading teams to take control of the asset. This is the second Mercuria asset supported by Stem’s PowerBidder Pro since Q3 2024, representing success for Stem’s refined software and services-centric strategy in driving predictable, scalable growth and profitability for the Company.

Stem, Inc. (“Stem,” “we” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three and nine months ended September 30, 2024.

Stem Inc. (NYSESTEM), a global leader in AI-enabled clean energy software and services, today announced Albert Hofeldt, PhD as Stem’s Chief Technology Officer (CTO), reporting to interim Chief Executive Officer (CEO), David Buzby, effective immediately. In his prior role as the Company’s Executive Vice President (EVP) of Technology, Dr. Hofeldt has successfully led the critical responsibilities of advancing the Company’s technology innovation since 2022 and will further advance Stem’s delivery of AI-enabled software solutions for the clean energy market as Stem’s CTO. His success with cloud platform architecture and tech transformations inclusive of AI and machine learning (ML), energy markets and trading, IoT and multi-cloud builds will be critical in executing a key pillar of Stem’s refreshed software strategy to accelerate the delivery of advanced software solutions and services that help drive the company’s growth and profitability.

Stem, Inc. (NYSESTEM) (the “Company,” Stem” or “we”), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced the outcome of its previously announced review of the Company’s strategy led by the Board’s Software Strategy Working Group, which worked closely with the Stem management team. The Company expects its new strategic priorities will drive more predictable recurring revenue at significantly higher gross margins than the Company has previously realized and will enable more scalable growth.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Wednesday, October 30, 2024, to discuss its financial results for the quarter ended September 30, 2024.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced that John Carrington has stepped down as Chief Executive Officer (CEO) and as a member of the Board of Directors, effective immediately. To ensure a smooth transition, Mr. Carrington will serve in an advisory capacity through December 31, 2024. Stem’s Board, with assistance of an executive search firm, is conducting a search, which will include internal and external candidates, to identify a permanent CEO to lead Stem’s evolution as a leading energy software, technology, and services company.

Stem (“Stem” or the “Company”) (NYSESTEM), today announced that, on August 28, 2024, it had received a written notice from the New York Stock Exchange (the “NYSE”) that the average closing price of its shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price required to maintain continued listing on the NYSE.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the following leadership changes to support the execution of the Company’s strategic priorities.

Stem, Inc. (“Stem,” “we” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three and six months ended June 30, 2024.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, will hold a conference call on Tuesday, August 6, 2024, to discuss its financial results for the quarter ended June 30, 2024.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, and Arizona Electric Power Cooperative (AEPCO), a not-for-profit, member-owned electric generation and transmission (G&T) cooperative, in partnership with Prometheus Power (Prometheus), a national renewable energy developer, today announced the successful deployment of a co-located storage and solar project to help deliver clean, reliable power to its distribution co-ops and public power members.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced its new PowerTrack™ Asset Performance Management (APM) suite, a powerful software solution enabling owners, operators, and asset managers to centralize and streamline the management of storage, solar, and hybrid energy asset portfolios. The suite includes highly configurable, persona-based dashboards and workflows, allowing users to create and customize the interface and data that matter most to them. From portfolio-level technical and commercial performance monitoring to site-level information and granular device-level data, PowerTrack APM offers simplified and automated processes to help drive operational efficiency and ensure compliance as companies scale their clean energy portfolios.

Stem, Inc. (“Stem” “we” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three months ended March 31, 2024.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the appointment of Gerard Cunningham to the Company’s Board of Directors (the “Board”), effective April 19, 2024.

Stem (NYSESTEM), a leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, May 2, 2024, to discuss its results for the quarter ended March 31, 2024.

Stem (NYSESTEM), a leader in AI-driven clean energy solutions and services, today announced that its Athena® PowerBidder™ Pro application has been selected by two community choice aggregators (CCAs) – Central Coast Community Energy (3CE) and Silicon Valley Clean Energy (SVCE) – to support scalable bid optimization management and help maximize the value of multiple battery energy storage systems (BESS) in the California Independent System Operator (CAISO) market. Under this software-only contract, the CCAs will use PowerBidder Pro’s advanced price forecasting and optimization features to manage and execute trading strategies for a growing portfolio of utility-scale assets in CAISO.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced that its Athena® PowerBidder™ Pro application has been selected by Mercuria Energy Trading, a leading global energy trader, to support bid optimization management for its first energy storage system (ESS) in Electric Reliability Council of Texas (ERCOT). Under this software-only contract, Mercuria will leverage PowerBidder Pro’s award-winning combination of configurability, cutting-edge analytics, advanced price forecasting and bid optimization, and seamless automation to develop customized trading strategies for its energy storage assets to participate in ERCOT, power supplier to more than 26 million customers representing approximately 90 percent of the state's electric load.

Stem, Inc. (“Stem” “we” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three and twelve months ended December 31, 2023. Reported results in this press release reflect AlsoEnergy’s operations from February 1, 2022.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Wednesday, February 28, 2024, to discuss its results for the fourth quarter and full year ended December 31, 2023, as well as outlook for 2024.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, and SB Energy, a leading U.S. developer, owner, and operator of utility scale solar and energy storage assets, today announced that the two companies have entered a multi-year technology and commercial alliance.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three and nine months ended September 30, 2023. Reported results in this press release reflect AlsoEnergy’s operations from February 1, 2022.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the appointment of Ira M. Birns to the Company’s Board of Directors (the “Board”), effective November 6, 2023. In connection with his appointment to the Board, Mr. Birns will also Chair the Audit Committee of the Board.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced the company’s key role in the development and recent completion of the first community battery energy storage site in the Bronx, New York City. The site is owned and operated by NineDot Energy®, a leading developer of community-scale clean energy projects backed by global investment firm Carlyle. NineDot’s first Bronx site features a 3 megawatt (MW)/12 megawatt-hour (MWh) battery energy storage system, a solar canopy, and infrastructure ready for bi-directional electric vehicle chargers. Stem’s AI-driven Athena ® platform is co-optimizing multiple value streams, including New York’s Value of Distributed Energy Resources (VDER) program incentives. For NineDot Energy, this Bronx site is a model for developing future urban clean energy projects and supports the company’s goal of strengthening the local power grid and providing stable, reliable, and resilient power to tens of thousands of New York City households and businesses.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Thursday, November 2, 2023, to discuss its financial results for the quarter ended September 30, 2023.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced a new state-of-the-art office in Cyber Hub, Gurgaon, India. As the company’s global Center of Excellence, Stem is investing in the region to help it support customers around the world, while driving operational excellence in critical areas such as software development, customer operations, data science, and technology. The 42,000 square feet space can double its current capacity as Stem scales for future growth.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced its new Athena® PowerBidder™ Pro application to help energy professionals actively manage clean energy assets with confidence, control, and scalability. Asset owners, traders, and tolling offtakers can leverage PowerBidder Pro’s AI-driven automated bid optimization workflows as well as its comprehensive suite of advanced real-time monitoring and control features to break open the ‘black box’ of merchant battery storage asset operations and tailor strategies to their organization’s risk tolerance.

Stem (the "Company") (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, announced today that members of its management team will meet with investors and participate in a fireside chat at the 2023 Barclays CEO Energy-Power Conference in New York, New York.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, announced that its Athena® platform has been named a Sustainability Product of the Year as part of the Business Intelligence Group’s 2023 Sustainability Awards. The awards honor products designed to help companies improve their sustainability efforts, as well as the people, initiatives, and organizations that have made sustainability an integral part of their business practices.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three and six months ended June 30, 2023. Reported results in this press release reflect AlsoEnergy’s operations from February 1, 2022.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced that its Athena® platform, has received the Top Product of the Year Award in the Environment + Energy Leader Awards program. The program aims to commend excellence in products and projects that deliver significant energy and environmental benefits.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Thursday, August 3, 2023, to discuss its financial results for the quarter ended June 30, 2023.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions are now commercially operational as part of Hungary’s largest solar power plant, Mezőcsát. Athena®, Stem’s AI clean energy platform, includes AlsoEnergy’s PowerTrack and PowerManager Control Solutions (PMCS), which are designed to help the 304 MW DC power plant reduce Hungary’s reliance on natural gas and increasing electricity generated from alternative energy sources. EXTOR Energy, a Hungarian engineering, procurement, and construction provider (EPC) and Stem certified service partner in the region, is the operations and maintenance (O&M) provider for the Mezőcsát project. The announcement follows Stem’s successful launches of four other 60MW projects in Hungary over the past year and further solidifies the company’s utility scale leadership in Eastern Europe.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the results of a new survey that reveals Fortune 1000 C-suite leaders’ perspectives on and investment plans for sustainability. According to the survey, despite current economic uncertainties and ongoing energy challenges, a majority (57%) of leaders are increasing their investments in sustainable solutions and clean technology. The survey findings highlight a critical shift in the business landscape, driven by two principal factors: (40%) investor demand and (39%) the potential for new revenue sources. Investments in sustainability technology, specifically AI-powered software and clean energy storage solutions, emerged as a priority among Fortune 1000 leaders in the U.S. to tackle energy costs, decrease emissions, and unlock new revenue streams.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, today announced that its Athena® platform has been selected as winner of the “Best Predictive Analytics Platform” award in the sixth annual AI Breakthrough Awards program. Conducted by AI Breakthrough, a leading market intelligence organization, the award recognizes the top companies, technologies, and products in the global AI market today.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced that members of its management team will meet with investors and participate in a fireside chat at the 2023 TD Cowen Virtual Sustainability Week Conference on Tuesday, June 6, 2023.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy solutions and services, announced today its financial results for the three months ended March 31, 2023. Reported results in this press release reflect AlsoEnergy’s operations from February 1, 2022.

Stem, Inc. (NYSESTEM), a global leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, May 4, 2023, to discuss its financial results for the quarter ended March 31, 2023.

Stem, Inc. ("Stem") (NYSESTEM) announced today the pricing of $200 million aggregate principal amount of 4.25% Green Convertible Senior Notes due 2030 (the "Notes") in a private offering (the "Offering"), which was upsized from the previously announced $175 million offering, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the Offering, Stem has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date when the Notes are first issued, up to an additional $40 million aggregate principal amount of the Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on April 3, 2023, subject to customary closing conditions.

Stem, Inc. ("Stem") (NYSESTEM) announced today its intention to offer, subject to market conditions and other factors, $175 million aggregate principal amount of green Convertible Senior Notes due 2030 (the "Notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the Offering, Stem expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date when the Notes are first issued, up to an additional $35 million aggregate principal amount of the Notes on the same terms and conditions.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced that it has been recognized as the largest energy storage virtual power plant (VPP) operator in North America by Wood Mackenzie, the leading provider of intelligence for the world’s natural resources sector. Wood Mackenzie’s Virtual Power Plant Market report points to Stem’s 2.5 gigawatt hours (GWh) of contracted storage assets under management across 14 different VPPs as the most among VPP operators. Athena®, Stem’s AI-driven clean energy management platform, is at the heart of Stem’s VPPs and provides granular, actionable energy asset insights coupled with automated intelligent dispatch capabilities that help maximize the value of renewable energy assets.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy solutions and services, today issued the following statement on Silicon Valley Bank (SVB) in response to investor questions.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy solutions and services, announced today its financial results for the three and 12 months ended December 31, 2022. Reported results reflect AlsoEnergy’s operations from February 1, 2022 through December 31, 2022.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, announced its joint eMobility offering with ChargePoint Holdings, Inc. NYSE: CHPTNYSECHPT)

Stem, Inc. (NYSESTEM), a global leader in AI-driven clean energy software and services, will hold a conference call on Thursday, February 16, 2023, to discuss its financial results for the quarter ended December 31, 2022, and business outlook for 2023.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today that members of its management team will meet with investors and participate in a fireside chat at the 2023 Global Energy and Clean Technology Conference on Thursday, January 5, 2023, in Miami, Florida.

Stem, Inc. (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced four 9.9 megawatts (MW) standalone energy storage projects in Texas with REX Storage Holdings, LLC (REX), an independent power producer focused on standalone battery energy storage systems (BESS) for ERCOT power customers. REX is a joint venture between Regis Energy Partners LP, an independent developer, owner, and operator of energy storage systems, and Excelsior Energy Capital (EEC), a leading investment fund focused on renewable power generation. The projects represent the first of a $400M equity commitment by REX to acquire additional construction-ready projects from Regis’ development pipeline within the Electric Reliability Council of Texas (ERCOT)’s territory, power supplier to more than 26 million customers representing approximately 90 percent of the state's electric load.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced that Frost & Sullivan ranked Stem as the Leader in Innovation in the Frost Radar™: Digital Platforms for Renewable Energy and Battery Storage Optimization and Trading report. The report attributed Stem’s ranking to the combination of Athena, Stem’s clean energy optimization platform, PowerTrack, its industry-leading solar monitor and controls application, and the company’s expertise in front-of-the-meter (FTM) technology and optimization.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy solutions and services, announced today its financial results for the three months ended September 30, 2022. Reported results in this press release reflect AlsoEnergy’s operations from February 1, 2022 through September 30, 2022.

Stem, Inc. (NYSESTEM), a global leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, November 3, 2022, to discuss its financial results for the quarter ended September 30, 2022 and business outlook.

Stem (the "Company") (NYSESTEM), a global leader in AI-driven clean energy solutions and services, announced today that it will host its Investor and Analyst Day on Wednesday, September 28, 2022, beginning at approximately 9:00 a.m. Eastern Time (ET), in New York City, New York.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced the appointment of Michael Carlson as its Chief Operating Officer.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced its newly unified clean energy management platform, Athena®, to help make storage, solar, and EV charging asset ownership simpler and more valuable for businesses. With Athena, developers, owners, and engineering, procurement, and construction firms (EPCs) across all segments can confidently deploy and monetize clean energy technologies at scale through an extensible platform. From design and procurement to installation and operational management, Athena delivers more accurate models, optimally sized projects, and helps reduce risk. As a result, businesses can lower site utility costs, reduce carbon impacts, provide energy resilience, and maximize savings and revenues for their customers.

Stem (NYSESTEM), a global leader in AI-driven clean energy solutions and services, today announced its partnership with InCharge Energy, a fleet electrification services leader, to equip businesses with a complete EV fleet infrastructure solution to maximize their charging assets. The offering combines Athena ®, Stem’s clean energy management platform, with InCharge Energy’s “In-Control” software platform, giving fleet owners the tools to manage EV charger loads with clean energy using solar and storage, optimize utility bills, build out EV charging in areas of the grid that are constrained, and monitor progress toward environmental, social and governance (ESG) goals.

Stem (the “Company”) (NYSESTEM), a global leader in AI-driven clean energy solutions and services, announced today that its California virtual power plant (VPP) dispatched approximately 86 megawatts (MW) and 268 megawatt-hours (MWh) over the 5 hour “Flex Alert” period on September 6. A Flex Alert is a call to energy consumers to voluntarily cut back on electricity and shift electricity use to off-peak hours. The dispatches occurred during electricity usage peaks in response to this week’s extreme statewide heat wave and grid emergency.

Stem (the "Company") (NYSESTEM), a global leader in AI-driven clean energy solutions and services, announced today that members of its management team will meet with investors and participate in a fireside chat at the 2022 Barclays CEO Energy-Power Conference taking place on Wednesday, September 7, 2022, in New York, New York.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, issued a statement today from Chief Executive Officer John Carrington on the signing of the Inflation Reduction Act (IRA) by President Biden expected in the coming days.

Stem, Inc. (“Stem” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today its financial results for the three months ended June 30, 2022. Reported results in this press release reflect AlsoEnergy’s operations for the period from February 1, 2022 through June 30, 2022.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, will hold a conference call on Thursday, August 4, 2022, to discuss its financial results for the quarter ended June 30, 2022 and business outlook.

Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today it will participate in a fireside chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City.

Stem (the "Company") (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today its financial results for the three months ended March 31, 2022. Reported results in this press release reflect AlsoEnergy’s operations for the period from February 1, 2022 through March 31, 2022.

Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, will hold a conference call on Thursday, May 5, 2022, to discuss its financial results for the quarter ended March 31, 2022.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced the addition of Kim Homenock to the Stem leadership team as Chief People Officer. Homenock brings 20 years’ experience in senior human resources (HR) leadership positions. At Stem, Homenock will oversee the global HR team with a focus on organizational development, global talent acquisition, training, and enhancing the employee experience for more than 500 Stem employees.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today that it will participate in the following upcoming investor conferences:

Stem, Inc. ("Stem" or the "Company") (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today its financial results for the three and 12 months ended December 31, 2021. All reported results included in this release do not reflect the acquisition of AlsoEnergy, which closed on February 1, 2022.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced the Company has been selected to provide smart energy storage solutions in Texas to Available Power (“AP”), a developer that designs, develops, and deploys distributed energy resources and microgrid systems for commercial and industrial real estate.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, will hold a conference call on Thursday, February 24, 2022 to discuss its financial results for the fourth quarter and full year ended December 31, 2021.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced that it has completed its previously announced acquisition of Also Energy Holdings, Inc. (“AlsoEnergy”). Through this acquisition, Stem solidifies its position as a global leader in clean energy intelligence and optimization software, adding 32.85 gigawatts (GW) of solar assets under management in more than 50 countries.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage services and software, announced today the Company has entered into an agreement to provide smart energy storage services to NineDot Energy, a cleantech developer that designs and deploys community distributed energy generation and storage projects.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, announced today that it has entered into a Co-Marketing Agreement with ENGIE North America for the development of an offering to enable broad adoption of eMobility solutions throughout the United States for schools, transit agencies, and commercial fleets. The offering, now in pilot development, will combine Stem’s smart energy storage software, Athena®, and storage hardware with ENGIE’s turnkey solution that includes all aspects of eMobility planning, design, and implementation - covering vehicles, charging infrastructure, energy management, on-site energy generation, and storage. Athena will integrate with ENGIE’s electric vehicle (EV) charging solution and help to manage the charging needs of each ENGIE customer.

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage services and software, announced today that it will participate in the following upcoming virtual investor conferences:

Stem, Inc. (“Stem” or “the Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, and Also Energy Holdings, Inc. (“AlsoEnergy”), a global leader in solar asset management software, announced today that the companies have entered into a definitive agreement whereby Stem will acquire AlsoEnergy, in a stock and cash transaction.

Stem, Inc. (“Stem”) (NYSESTEM) announced today the pricing of $400 million aggregate principal amount of 0.50% Green Convertible Senior Notes due 2028 (the “Notes”) in a private offering (the “Offering”), which was upsized from the previously announced $350 million offering, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Offering, Stem has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date when the Notes are first issued, up to an additional $60 million aggregate principal amount of the Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on November 22, 2021, subject to customary closing conditions.

Stem, Inc. (“Stem”) (NYSESTEM) announced today its intention to offer, subject to market conditions and other factors, $350 million aggregate principal amount of green Convertible Senior Notes due 2028 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Offering, Stem expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date when the Notes are first issued, up to an additional $52.5 million aggregate principal amount of the Notes on the same terms and conditions.