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

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

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 ...
Funding and M&A Roundup Battery Cell Manufacturer SVOLT Raises $1 Billion

Funding and M&A Roundup: Battery Cell Manufacturer SVOLT Raises $1 Billion

From: Mercom Capital Group SVOLT, a battery cell manufacturer, raised ¥6 billion (~$1 billion) in a financing round. The company plans to invest the fresh capital mainly in developing new ...
/ / Finance and M&A, Other
Stem to Acquire Solar Asset Software Service Provider Also Energy for $695 Million

Stem to Acquire Solar Asset Software Service Provider AlsoEnergy for $695 Million

Stem, a U.S.-based artificial intelligence-driven (AI) energy storage software and services provider, has entered into a definitive agreement to acquire AlsoEnergy, a U.S.-based solar asset management software provider, in a ...
/ / Finance and M&A, Other
Tender for 3.5 MW of Solar Projects Announced in Maharashtra

Tender for 3.5 MW of Solar Projects Announced in Maharashtra

STEM Water Distribution and Infrastructure Company has issued a tender to set up 3.5 MW of grid-connected solar projects which will be developed on build own operate transfer (BOOT) basis ...