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Exelon Corporation (EXC) Q2 2021 Earnings Call Transcript
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MILLBRAE, Calif., April 14, 2021 (GLOBE NEWSWIRE) Stem, Inc. ( Stem or the Company ), a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced it has completed six months of successful operation of the 345MWh energy storage portfolio owned by Electrodes Holdings LLC ( Electrodes ) which last year transferred portfolio control to Stem s Athena™ smart energy software. Customers in the 86-site portfolio are now realizing more than 30% greater monthly energy savings on average compared to the previous software provider.
Within two months of being awarded the exclusive contract by Electrodes, Stem seamlessly onboarded to Athena management this portfolio that serves 25 large commercial and municipal customers in the Los Angeles area. The customers at these sites – ranging from office buildings, water treatment plants, university campuses, local government buildings, food processing plants, medical facilities, and retail supers
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Stem, Inc. Reports Record Full-Year 2020 Results
Stem, Inc.March 15, 2021 GMT
Stem Revenue More than Doubles in 2020; 10% Above Outlook Provided at Merger Announcement
Guidance Unchanged, Including 4x Annual Revenue Increase in 2021 Fully Covered by Contracted Backlog
Business Combination with Star Peak Expected to Close Early Q2 2021
MILLBRAE, Calif., March 15, 2021 (GLOBE NEWSWIRE) Stem, Inc. (“Stem” or “the Company”), a global leader in artificial intelligence (AI)-driven clean energy storage services, today reported results for the year ended December 31, 2020. The Company’s full-year 2020 financial results have been filed in an updated registration statement on Form S-4, which includes a preliminary proxy statement (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) by Star Peak Energy Transition Corporation (NYSE: STPK) (�
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Exelon Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to one of your speakers today, Dan Eggers, Senior Vice President, Corporate Finance. Sir, please go ahead.
Daniel L. Eggers
Senior Vice President, Corporate Finance
Thank you, Michelle. Good morning everyone, and thank you for joining our fourth quarter 2020 earnings conference call. Leading the call today are Chris Crane, Exelon s President and Chief Executive Officer and Joe Nigro, Exelon s Chief Financial Officer. They re joined by other members of Exelon senior management team who will be available to answer your questions following our prepared remarks. We issued our earnings release and separation announcement release this morning, along with a presentation, all of which can be found in the Investor Relations section of Exelon s website.
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