About Stem
Stem is a company based in Millbrae (United States) founded in 2009. Stem has raised $228.56 million across 11 funding rounds from investors including Iberdrola, Mitsui & Co and BNP Paribas. The company has 569 employees as of December 31, 2024. Stem has completed 2 acquisitions, including AlsoEnergy and Constant Power. Stem offers products and services including PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM. Stem operates in a competitive market with competitors including Swell Energy, Cleanwatts, Limejump, Blueprint Power and Encorp, among others.
- Headquarter Millbrae, United States
- Employees 569 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
Locked
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Website
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Social
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- Legal Name Stem, Inc.
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Annual Revenue
$144.58 M (USD)-68.67as on Dec 31, 2024
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Net Profit
-$854.01 M (USD)-508.22as on Dec 31, 2024
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EBITDA
-$123.92 M (USD)-2.65as on Dec 31, 2024
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Total Equity Funding
$228.56 M (USD)
in 11 rounds
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Latest Funding Round
$26 M (USD), Series D
Jul 24, 2018
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Investors
Iberdrola
& 14 more
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Employee Count
569
as on Dec 31, 2024
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Investments & Acquisitions
AlsoEnergy
& 1 more
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IPO & Listings of Stem
Stem is a publicly listed company on the NYSE with ticker symbol STEM in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Stem
Stem offers a comprehensive portfolio of products and services, including PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM.
Software for optimizing solar and storage portfolios.
Tool for maximizing revenue in energy markets.
Platform for deploying and monetizing clean energy technologies.
Services for monitoring and managing energy assets.
People of Stem
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Funding Insights of Stem
Stem has successfully raised a total of $228.56M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $26 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Stem
Stem has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Iberdrola, Mitsui & Co and BNP Paribas.
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Investments in tech companies for energy transition are focused on.
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An investment platform is provided for diverse sectors and geographies.
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Investments are directed toward clean energy, mobility, and industry sectors.
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Investor details for Stem
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Investments & Acquisitions by Stem
Stem has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AlsoEnergy and Constant Power.
Investment portfolio details for Stem
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Distributed energy projects are developed, integrated, financed, installed, and operated.
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Energy management software solutions
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Complete acquisition details for Stem
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Financial Statements - Stem
Detailed financials for Stem
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Stem Comparisons
Peer comparison for Stem
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Competitors of Stem
Stem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Swell Energy, Cleanwatts, Limejump, Blueprint Power and Encorp, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Reseller and installer of energy storage devices
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Energy management software is provided for commercial and industrial sectors.
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Virtual power plant aggregation solutions are provided for energy assets.
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High-rise buildings are acquired for power plant development.
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Encorp is focused on microgrid solutions for sustainable energy.
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Detailed competitors of Stem
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Latest news on Stem
Complete news archive for Stem
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Frequently Asked Questions about Stem
Stem was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Stem is headquartered in Millbrae, United States. It is registered at Millbrae, California, United States.
Stem is a funded company, having raised a total of $228.56M across 11 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Stem is 569.
Annual revenue of Stem is $144.58M as on Dec 31, 2024.
Stem was founded in 2009 and is headquartered in Millbrae, United States. Operations focus on the energy sector, where AI and cloud-based systems are utilized to manage real-time data, predictive analytics, and energy storage. Services include grid stabilization, demand response monitoring, and visibility tools through coordinated power devices and sub-meters. These offerings support optimized energy use across various applications.
Stem's top competitors include Blueprint Power, Limejump and Fusebox.
Stem offers PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM.
Yes, Stem is publicly traded on NYSE under the ticker symbol STEM.
Stem has made 2 acquisitions, including AlsoEnergy, and Constant Power.
Stem has 15 investors. Key investors include Iberdrola, Mitsui & Co, BNP Paribas, TotalEnergies, and General Electric.
The ticker symbol of Stem is STEM on NYSE.