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Stem, Inc. Announces New Front of the Meter, Wholesale Market Participation Services Project in .
Stem, Inc.March 2, 2021 GMT
MILLBRAE, Calif., March 02, 2021 (GLOBE NEWSWIRE) Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the installation of its largest Massachusetts solar plus storage site that will participate in New England wholesale energy markets through its existing partnership with Kearsarge Energy L.P. (“Kearsarge”), the developer and owner of the project.
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Kearsarge Haverhill LLC, located on a landfill in Haverhill, Mass., has 3.6 megawatts (MW) of solar with a 2 MW / 9 megawatt-hour (MWh) AC-coupled, front-of-the-meter (FTM) battery. The project is the largest of its kind that Stem’s AthenaTM smart energy storage software currently operates for Kearsarge in Massachusetts. Separately, Stem
Buying Stem is a Big Deal for STPK Stock
There are many clean energy SPAC deals out there. Why did investors get excited about this one? As
InvestorPlace’s Robert Lakin discussed back in January, it may have had to do with Citron Research’s very bullish call on the stock. Citron’s best known for the stocks it’s gone short. But Andrew Left’s research operation can be quite vocal about stocks it’s bullish on as well.
So, what’s Citron’s bull case on STPK stock? Assigning it a $100 per share price target, it sees renewable energy storage as a trillion-dollar opportunity. You can’t have large-scale solar and wind energy without adequate storage infrastructure. Solar and wind power generation operations can’t run around the clock. That’s one area coal and natural-gas powered plants have solar and wind beat.
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