Battery storage and VPP developer Stem is seeking buyer

February 07, 2020
Owning the Energy Transition More...
by Benjamin Torda
Very important

A leader in the C&I battery storage market is reportedly seeking a buyer after closing a $106 million Series D round in 2018 (total raised is over $200 million). Stem develops energy storage systems that use predictive analytics for demand charge management and are aggregated into virtual power plant (VPP) networks. While not pivoting as drastically into software-driven energy service (see competitor AMS), Stem has built up its software, partnered with equipment distributors (see its announcement with BayWa r.e.), and recently secured its first front-of-the-meter projects. Energy storage is increasingly crowded, with majors like EDF entering the game; clients should view Stem as having a critical head start and should consider engaging.

For the original news article, click here .

Further Reading

Shell signs off-take deal with 100 MW storage facility in U.K.

News Commentary | February 20, 2020

This project consists of two 50 MW lithium battery units and is slated to become Europe's largest battery storage facility upon completion this year. Through this agreement, Shell has agreed to a multiyear off‑take deal for the project, though neither the exact duration of the deal nor the financial... To read more, click here.

Myst AI raises funding to continue developing AI-powered electricity supply and demand forecasts

News Commentary | September 08, 2020

Myst AI came out of stealth mode to announce it had raised a $6 million Series A round from Valo Ventures and Gradient Ventures, bringing its total amount of raised capital to $8 million. Myst AI develops a platform to predict electricity supply and demand using time series forecasting. It claims it... Not part of subscription

Redaptive raises $156.5 million to finance expansion of its energy efficiency-as-a-service solutions for commercial buildings

News Commentary | October 14, 2020

CarVal Investors led the funding round, and existing investors, including CBRE, Engie New Ventures, Evergy Ventures, and Linse Capital, also participated. Redaptive has raised over $181 million to date, and with this newly raised cash, the company intends to deploy over $1 billion in new energy ... Not part of subscription