Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril L.P., Mitsui & Co. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem provides solutions that address the challenges of today’s dynamic energy market. Upon closing, the combined company will be named Stem and remain listed on the New York Stock Exchange under the new ticker symbol “STEM.” (NYSE: STPK) (“Star Peak”) in the first quarter of 2021. Stem remains on track to complete its previously announced business combination with Star Peak Energy Transition Corp. Stem and Star Peak Business Combination Update We look forward to continuing this partnership and creating innovative solutions for our customers.” Working with a trusted energy storage hardware and service provider makes TPI’s offering that much more efficient. Stem also provides reliable capacity when needed through their proven aggregated virtual power plants. Michael Henderson, President of Today’s Power, Inc., commented, “TPI recognized Stem’s expertise and ability for Athena™ to call on distributed energy resources and batteries during peak times. Together, we plan to deliver significant value to the cooperative member base.” ![]() We are happy to be aligned with TPI because they are such a respected company in the electric cooperative space. As the needs of the utility change over time, Stem’s proven experience and Athena™ software enable us to continually optimize how storage is used to meet those needs. John Carrington, Chief Executive Officer of Stem, Inc., commented, “Stem’s partnership with TPI gives electric cooperatives greater flexibility in their energy strategy. Within its first year of service, this solar park project is expected to produce over 4 million kilowatt hours (kWh) of renewable energy. In December 2020, TPI announced a 2.7 megawatt (MW) solar park project with 7 MW / 14 megawatt-hours (MWh) of energy storage for Ozarks Electric Cooperative, which will be optimized by Stem’s smart storage software. Stem’s solution for electric cooperatives and other utilities includes its Athena™ smart storage software, battery hardware procurement, an interface for the utility to schedule battery dispatch in real time or ahead of time, monitoring network operation center services, and the capability for TPI to monitor battery status and historical performance data. TPI builds, owns, and operates their projects, while Stem will provide the turnkey smart storage solution for those systems. These systems are designed to enhance solar facilities, reduce wholesale demand charges and maximize energy savings for electric cooperatives, helping provide rate stability for members. The partnership will enable TPI’s customers and the large number of electric cooperatives that are adopting solar and battery storage to take advantage of the benefits of smart energy storage systems. A certified partner in Stem’s Partner Program, TPI will leverage Stem’s smart energy storage solution to deliver energy flexibility in electric cooperative projects, starting in Northwest Arkansas. that develops, owns and operates renewable energy assets. ![]() ![]() (“TPI”), a renewable energy company based in North Little Rock, Ark. (“Stem”), a global leader in artificial intelligence (AI)-driven clean energy storage systems, today announced the Company will provide smart energy storage services to Today’s Power, Inc.
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