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Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem’s order bookings in Q1 generated $151 million in cash, up 196% YoY

May 23, 2022

/ Gourav Mishra
/ Energy Storage, Market & Policy
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Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same period last year.

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Gourav Mishra

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