Stem — AI-driven smart energy storage software + integrated services
Stem completes Star Peak Energy Transition SPAC merger ($1.35B EV; ~$608M cash). First publicly traded smart energy storage company. NYSE: STEM Apr 29, 2021.
$1.35B
Deal Value
Battery Storage
Technology
CA
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Stem, Inc. (NYSE: STEM)
- Buyer / Financier
- Star Peak Energy Transition + PIPE investors
- Deal Value
- $1.35B EV; ~$608M cash
- Stage
- Growth
- ISO/RTO
- CAISO
- Source
- Stem, Inc.
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