Stem Inc is a technology company that specializes in energy storage solutions and software services designed to optimize energy consumption and generation
By leveraging advanced artificial intelligence and machine learning, Stem facilitates the integration of renewable energy sources, such as solar and wind, into the grid. The company provides commercial and industrial clients with tools to manage energy usage, reduce costs, and enhance sustainability, making it easier for businesses to transition to cleaner energy alternatives. Stem's platform not only supports energy management but also enables customers to participate in energy markets, thereby maximizing the value derived from their energy assets.
Stem, Inc. (NYSESTEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its Board of Directors has appointed Arun Narayanan as Stem’s new Chief Executive Officer, effective January 27, 2025. Additionally, David Buzby will step down as Interim CEO and Executive Chairman of the Board, effective January 27, 2025, and will remain Chair of the Board.
Stem (NYSESTEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions will be standard in supporting the commercial operation of a 484 megawatt (MW) solar portfolio for Neovolt, one of the largest asset owners in Hungary. Under the five-year agreement, Stem's PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. Stem’s strength in both technical execution and local market adaptation of renewable energy assets was a key deciding factor for Neovolt to standardize on Stem. With PowerTrack Web’s more than 720 megawatt peak (MWp) total install base in the region, Stem continues to add to its growing foothold in Eastern Europe.
Stem (NYSESTEM) (“Stem” or the “Company”), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that Mercuria Energy Trading, a leading global energy trader, has standardized on Stem’s PowerBidder™ Pro to support bidding management and optimization strategies for a second clean energy asset within the Electric Reliability Council of Texas (ERCOT). Deployed fewer than 60 days after contracting, the software’s industry-leading integration and configuration capabilities enabled an accelerated timeline for Mercuria’s trading teams to take control of the asset. This is the second Mercuria asset supported by Stem’s PowerBidder Pro since Q3 2024, representing success for Stem’s refined software and services-centric strategy in driving predictable, scalable growth and profitability for the Company.
Stem, Inc. (“Stem,” “we” or the “Company”) (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced today its financial results for the three and nine months ended September 30, 2024.
Stem Inc. (NYSESTEM), a global leader in AI-enabled clean energy software and services, today announced Albert Hofeldt, PhD as Stem’s Chief Technology Officer (CTO), reporting to interim Chief Executive Officer (CEO), David Buzby, effective immediately. In his prior role as the Company’s Executive Vice President (EVP) of Technology, Dr. Hofeldt has successfully led the critical responsibilities of advancing the Company’s technology innovation since 2022 and will further advance Stem’s delivery of AI-enabled software solutions for the clean energy market as Stem’s CTO. His success with cloud platform architecture and tech transformations inclusive of AI and machine learning (ML), energy markets and trading, IoT and multi-cloud builds will be critical in executing a key pillar of Stem’s refreshed software strategy to accelerate the delivery of advanced software solutions and services that help drive the company’s growth and profitability.
Stem, Inc. (NYSESTEM) (the “Company,” Stem” or “we”), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced the outcome of its previously announced review of the Company’s strategy led by the Board’s Software Strategy Working Group, which worked closely with the Stem management team. The Company expects its new strategic priorities will drive more predictable recurring revenue at significantly higher gross margins than the Company has previously realized and will enable more scalable growth.
Stem (NYSESTEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Wednesday, October 30, 2024, to discuss its financial results for the quarter ended September 30, 2024.
