About Stem
Stem is a publicly listed company based in Millbrae (United States) founded in 2009. AI and cloud-driven solutions for energy optimization are provided. Stem has raised $228.56 million across 11 funding rounds from investors including Iberdrola, Mitsui & Co and BNP Paribas. The company has 569 employees. Stem has completed 2 acquisitions, including AlsoEnergy and Constant Power. Its website stem.com draws about 71 thousand monthly visits. Stem offers products and services including PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM. Its focus areas include Energy Tech, Smart Grid, Distributed Energy Resources and Virtual Power Plant. Its legal entity is Stem, Inc. Its competitors include Swell Energy, Blueprint Power and Encorp; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Annual Revenue$156.27 M (USD)8.08as on Dec 31, 2025
- Net Profit$137.76 M (USD)as on Dec 31, 2025
- EBITDA-$11.9 M (USD)90.39as on Dec 31, 2025
- Total Equity Funding$228.56M (USD)
in 11 rounds
- Latest Funding Round$26M (USD), Series D
Jul 2018
- InvestorsIberdrola
& 14 more
- Employee Count569
- Investments & AcquisitionsAlsoEnergy
& 1 more
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.
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.
- Total Funding $228.56M
- Total Rounds 11
- Last Round Series D — $26M
- First Round $2.9M
(Apr 2011)
- Investors Count 15
Latest 10 of 11 funding rounds of Stem with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $152.1M | Debt – Conventional | – | – | – |
| Jul 2018 | $26M | Series D | – | BNP Paribas, Magnesium Capital | – |
| Jan 2018 | $81.69M | Series D | – | Activate Capital | |
| May 2016 | $15M | Series C | – | – | |
| Aug 2015 | $33M | Series C | – | – | |
| Apr 2015 | $15.61M | Series C | – | Mitsui | – |
| Jan 2015 | $27M | Series B | – | – | |
| Dec 2013 | $15M | Series B | – | – | |
| Oct 2013 | $5M | Series A | – | – | |
| Apr 2012 | $10.27M | Series A | – | – |
15 investors in total: 15 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in tech companies for energy transition are focused on. | magnesiumcapital.com | London, United Kingdom | ||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Investments are directed toward clean energy, mobility, and industry sectors. | activatecap.com | San Francisco, United States | ||
Private equity investments are made in the UK and US. | mithril.com | Austin, United States | ||
Early-stage energy startups are invested in by Constellation Technology Ventures. | technologyventures.constellation.com | Baltimore, United States | ||
TotalEnergies is engaged in producing and marketing multi-energy solutions. | 1924 | totalenergies.com | Paris, France | |
Investments are directed toward the US, Asia, and Australia. | angelenogroup.com | Los Angeles, United States | ||
Infrastructure funds focused on energy sectors | 2010 | cleanfeetinvestors.com | Farmington, United States | |
Clean technology investments are facilitated by this venture capital firm. | greenercap.com | Scottsdale, United States | ||
Banking & financial service provider | 1848 | group.bnpparibas | Paris, France |
Investor details for Stem
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People of Stem
76 people are tracked at Stem (19 in leadership, 6 in board & advisors, 51 in team); the tracked headcount is 569.
| Name | Role | Group |
|---|---|---|
Ketan Juthani | Vice President - Head Of IT And Enterprise Systems | Leadership |
Todd Tolliver | Director, Asset Development Services | Leadership |
Ashoo Singh | Director, Software Development | Leadership |
Matt Tappin | VP, Corporate Development | Leadership |
Dillon Fuerth | Director, Engineering And Construction Management (deployments) | Leadership |
Kimberly Perelli | Senior Director, Energy Services Sales | Leadership |
Michael Carlson | COO | Leadership |
Saul Laureles | Chief Legal Officer & Secretary | Leadership |
Kyle Manhart | Vice President Of Deployments | Leadership |
Tatjana Legans | Director Of Services Marketing, Partnerships, And Business Development | Leadership |
Connor Botkin | Senior Director Of Product Marketing | Leadership |
Nikhil Prakash Agrawal | Director Of Software Engineering | Leadership |
Jessica Palomino | Vice President – Senior Counsel – Operations | Leadership |
Aseel Saqer | Senior Director And Legal Counsel, Commercial Contracts | Leadership |
Sean Halloran | Director, Asset Performance | Leadership |
Cynthia Sternberg | Senior Director Contracts | Leadership |
Jessie Falk Smiley | Director, Corporate Communications | Leadership |
Taylor Beeninga | Chief Human Resources Officer | Leadership |
Garen Grigoryan | Director Of ESG And Sustainability | Leadership |
David Buzby | Chairman | Board & advisors |
56 more people are available in the full profile.
Complete people profiles for Stem
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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.
- IPO date02 Dec 2021
- Listed onFRA: 5QQ0
- Listed entityStem, Inc.
- Exchange sectorProducer manufacturing
- ISINUS85859N3008
- Share price$4.00 (-1.48% on the day) · 2026-10-13
- Market capitalisation$38.5M
- EPS (diluted, trailing year)$-8.52
- Volume (last session)102,590
Financials of Stem
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $156.3M | $137.8M | -$11.9M |
| 2024 | $144.6M | -$854.0M | -$123.9M |
| 2023 | $461.5M | -$140.4M | -$120.7M |
| 2022 | $363.0M | -$124.0M | -$80.5M |
| 2021 | $127.4M | -$101.2M | -$57.1M |
Detailed financial statements 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Energy management software solutions | alsoenergy.com | Boulder, United States | 2007 | Dec 2021 | $695M | |
Distributed energy projects are developed, integrated, financed, installed, and operated. | constantpower.ca | Toronto, Canada | 2016 | Dec 2018 | •••• |
Complete acquisition details for Stem
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Timeline of Stem
6 dated milestones of Stem across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Stem is founded.
- Funding First funding round of $2.9M.
- Funding Latest funding round, Series D, of $26.0M.
- Acquisition Acquires Constant Power.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires AlsoEnergy.
Competitors of Stem
Stem has 3 listed competitors in our database, 3 of them funded. They include Swell Energy, Blueprint Power and Encorp.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swellenergy.com | 2014 | Santa Monica, United States | $133.64M | 111 | Reseller and installer of energy storage devices | |
| blueprintpower.com | 2017 | New York, United States | $4.1M | High-rise buildings are acquired for power plant development. | ||
| encorp.com | 1992 | Holcombe, United States | $46.56M | Encorp is focused on microgrid solutions for sustainable energy. |
Detailed competitors of Stem
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Web traffic of Stem
The website of Stem (stem.com) receives about 70.6K visits a month and ranks #659,181 among all websites worldwide, #10,064 in Energy Industry.
- Monthly visits70.6K
▲ 52.9% vs previous month
- Unique visitors12.2K
per month
- Global rank#659,181
among all websites
- Category rank#10,064
Heavy Industry and Engineering · Energy Industry
- Bounce rate29%
- Pages per visit2.5
- Average visit45 sec
- DevicesDesktop 67% · Mobile 33%
Websites whose visitors overlap most with Stem. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| constellation.com | 100% | 528.6K | #90,179 | View details | |
| aquionenergy.com | 97% | 2.1K | #7,574,007 | View details | |
energystorageexchange.org | energystorageexchange.org | 94% | – | ||
eosenergystorage.com | eosenergystorage.com | 93% | – | ||
aesenergystorage.com | aesenergystorage.com | 92% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Stem
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Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Stem (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
Residential energy management is enabled by data analytics platform. | 2006 | Redwood City, California, United States | USD 30.99 M |
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Related news about 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. The company's 1st funding round was a Series A of $10.27M, raised on Apr 2011.
Stem has 569 employees.
Annual revenue of Stem is $156.27M as on Dec 31, 2025.
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, Swell Energy and Encorp.
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.
Stem operates through Stem, Inc..