1. Stem Closes $15 Million Series B Funding Round

    Stem Closes $15 Million Series B Funding Round

    Stem Inc., a leader in advanced energy storage systems, today announced the closing of a $15 million Series B financing round. Iberdrola (Inversiones Financieras Perseo, S.L.), GE Ventures joined Series A investor Angeleno Group in committing financing for the round.

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  1. Quotes

    1. We are very excited to collaborate with companies that are changing - and shaping - the future of energy.
    2. Stem is a company to keep an eye on as their combination of sophisticated predictive analytics and machine learning applied to energy storage will provide cost savings for industrial customers and businesses.
    3. We are pleased to announce this round of funding, validating our early success in developing and commercializing our energy storage and data analytics system.
  2. Topics Mentioned

  3. Categories

    1. Electricity Source:

      Fossil Fuels, Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Market forces, Microgrid & Community, Military, Residential, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences