![]() For more information, visit About Star Peak Energy Transition Corp. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. 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. Details about how to vote can be viewed at. If the proposals at the Special Meeting are approved, the parties anticipate the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions. ![]() The Special Meeting to approve the pending business combination is scheduled for Tuesday, April 27, 2021, at 11:00 a.m. Securities and Exchange Commission on March 29, 2021. 333-251397), relating to the previously announced merger of Star Peak and Stem, was declared effective by the U.S. Star Peak’s registration statement on Form S-4 (File No. Stem and Star Peak Energy Transition Corp. “The efficient data transfer of an extensive energy storage portfolio along with hardware reconfigurations of 86 sites furthers our leading position in the critical California market and reflects the ongoing efforts of our data operations to successfully prioritize data integrity and transparency.” “The more than 30% increase in savings performance we have achieved so far is a testament to Stem’s superior technology, leading customer service, and capabilities of our expert Programs team,” said Stem VP of Program Operations Julie Steury. “Our team’s technical and operational expertise allowed for a full, unimpeded, and highly-efficient changeover of these complex systems, ensuring maximum uptime for the customers while increasing returns for the system owner.” “This seamless portfolio transition is further proof of Stem's energy storage leadership and the effectiveness of our best-in-class Athena™ technology in delivering superior results for customers,” said Stem CEO John Carrington. Stem has also delivered local controllable capacity to a Southern California investor-owned utility where the portfolio is based. The customers at these sites – ranging from office buildings, water treatment plants, university campuses, local government buildings, food processing plants, medical facilities, and retail superstores –now benefit from Athena’s intelligence and real-time decision-making to optimize energy storage systems and energy use. Within two months of being awarded the exclusive contract by Electrodes, Stem seamlessly onboarded to Athena management this portfolio that serves 25 large commercial and municipal customers in the Los Angeles area. Customers in the 86-site portfolio are now realizing more than 30% greater monthly energy savings on average compared to the previous software provider. (“Stem” or the “Company”), a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced it has completed six months of successful operation of the 345MWh energy storage portfolio owned by Electrodes Holdings LLC (“Electrodes”) which last year transferred portfolio control to Stem’s Athena™ smart energy software. ![]() MILLBRAE, Calif., Ap(GLOBE NEWSWIRE) - Stem, Inc. ![]()
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