| Market Capitalization (Millions $) |
48 |
| Shares
Outstanding (Millions) |
9 |
| Employees |
423 |
| Revenues (TTM) (Millions $) |
153 |
| Net Income (TTM) (Millions $) |
144 |
| Cash Flow (TTM) (Millions $) |
-22 |
| Capital Exp. (TTM) (Millions $) |
4 |
Business Description
Stem Inc is an energy storage solutions provider for utilities and commercial customers. It was founded in 2009 and is based in California, USA. The company helps customers reduce energy costs, improve resilience, and meet sustainability goals by providing intelligent energy storage systems.
Stem's key product is its Energy Storage System (ESS), which uses advanced AI algorithms to manage energy flow and optimize energy usage. The ESS is made up of several components, including batteries, power electronics, and cloud-based software. The software and algorithms enable the system to learn and adapt to the customer's energy usage patterns, so it can predict and adjust to changes in demand and supply, thereby optimizing grid stability and reducing peak demand.
Stem's advanced analytics platform, Athena, is used along with the Energy Storage System, to provide real-time and predictive insights to customers. Athena uses big data, machine learning, and algorithms to provide customers with visibility into their energy usage, grid conditions, and energy savings. It also enables customers to analyze energy consumption patterns, identify inefficiencies, and measure the impact of energy storage systems on their energy costs.
Stem's services are delivered through a unique business model, where the company owns and operates the ESS, while the customer pays for energy services on a subscription basis, called StemConnect. This approach enables customers to avoid the upfront costs of purchasing energy storage systems while enjoying the benefits of reduced energy costs, improved sustainability and greater energy resilience.
Stem's focus is on serving utility and commercial customers, with a wide range of applications, including demand response, energy arbitrage, grid support, and backup power. The company has partnered with several leading utilities and commercial customers, including Hawaiian Electric, Sacramento Municipal Utility District, and Adobe Systems, among others.
Overall, Stem is an innovative energy storage solutions provider that leverages advanced AI algorithms, big data, and cloud-based technology to provide intelligent energy storage systems for utilities and commercial customers. The company's unique business model, advanced analytics platform, and commitment to sustainability make it a leader in the emerging energy storage industry.
Company Address: 1400 Post Oak Boulevard. Houston 77056 TX
Company Phone Number: 374-7836 Stock Exchange / Ticker: NYSE STEM
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