Apr 6, 2021 at 9:49AM
More and more companies are creating renewable energy initiatives to lower their electricity bills, cash in with tax credits, and contributions to their ESG objectives.
Stem has emerged as a leader in clean energy storage and distribution, forging deep customer relationships with many
Fortune 500 companies. Sometime early in 2021, Stem will go public via a reverse merger with
Star Peak Energy Transition Corp (NYSE:STPK) and the combined company seems likely to beat the market for three crucial reasons.
Image source: Getty Images.
Why do customers choose Stem?
Renewable energy sources such as solar and wind face a vital problem: intermittency. Weather changes, the sun rises and sets, and the power they produce just isn t available all the time. Stem s battery storage systems address that problem, storing energy as it s made and distributing it in those moments of intermittency. Customers such as
SPAC Opportunities for Thursday
The flow of new SPACs and rapid fire deals has finally slowed. This will give SPAC investors an opportunity to invest strategically as we go forward in 2021.
Author:
Union Acquisition Corp II (LATN) agreeing to a $1.1B EV deal with
Procaps, a LatAm Pharmaceuticals company gives continued relief to overwhelmed SPAC investors. Everyone in the SPAC market had simply become exhausted by the pace of new filings, new IPOs, and often irrational prices.
With the market slowing, investors will have an opportunity to take a breath and do their homework to (a) identify high conviction SPACs and (b) carefully monitor them across the lifecycle to take advantage of the inherent yield plus optionality play that SPACs offer.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Stem, Inc. Reports Record Full-Year 2020 Results
Stem, Inc.March 15, 2021 GMT
Stem Revenue More than Doubles in 2020; 10% Above Outlook Provided at Merger Announcement
Guidance Unchanged, Including 4x Annual Revenue Increase in 2021 Fully Covered by Contracted Backlog
Business Combination with Star Peak Expected to Close Early Q2 2021
MILLBRAE, Calif., March 15, 2021 (GLOBE NEWSWIRE) Stem, Inc. (“Stem” or “the Company”), a global leader in artificial intelligence (AI)-driven clean energy storage services, today reported results for the year ended December 31, 2020. The Company’s full-year 2020 financial results have been filed in an updated registration statement on Form S-4, which includes a preliminary proxy statement (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) by Star Peak Energy Transition Corporation (NYSE: STPK) (
Published: 5 Mar 2021, 13:45
By:
Andy Colthorpe
Another solar-plus-storage project on a former municipal landfill site in Massachusets, executed by Kearsage with NEC. Image: Kearsage.
Stem Inc has completed a front-of-the-meter solar-plus-storage project in Massachusetts that will participate in New England’s wholesale markets run by system operator New England ISO.
The company is better known for deploying behind-the-meter battery storage for commercial and industrial (C&I) customers, using Stem’s proprietary artificial intelligence (AI) platforms and software to coordinate peak shaving to help customers save money on electricity costs while also aggregating the batteries to use in revenue-generating opportunities such as grid services markets.