Stem

California-based, Stem, Inc. provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimise energy use by automatically switching between battery power, onsite generation and grid power. 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, carbon reduction and environmental responsibility. Magnesium Capital invested in Stem in 2018 alongside other leading investors including Activate Capital, Ontario Teachers’ Pension Plan and Temasek. In April 2021, Stem completed a business combination with Star Peak Energy Transition Corp. to create the first publicly-traded pure-play smart energy storage company and resulting in over $600 million in gross cash proceeds to Stem. Stem began trading on the New York Stock Exchange on April 29, 2021 under ticker symbol “STEM.” Stem is a great example of a company whose technology is supporting the transition to a distributed, digitised and decarbonised electricity grid.