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Stem Completes Business Combination with Star Peak Energy Transition Corp.

Results in over $600 million of gross cash proceeds to Stem
Stem’s common stock to begin trading on the NYSE under symbol “STEM” on April 29, 2021
MILLBRAE, Calif., April 28, 2021 (GLOBE NEWSWIRE) Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage services, announced today that it has completed its previously announced business combination with Star Peak Energy Transition Corp. (“Star Peak”).
The transaction was unanimously approved by Star Peak’s Board of Directors and was approved at a special meeting of Star Peak stockholders on April 27, 2021. In connection with the closing, Star Peak changed its name to Stem, Inc. (“Stem” or the “Company”). The ticker symbols for the common stock and warrants of Stem will change from “STPK” and “STPK.WS” to “STEM” and “STEM.WS” and will begin trading as such on the New York Stock Exchange on April 29, 2021. ....

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Stem, Inc. Successfully Transitions 345MWh Southern California Energy Storage Portfolio to its Athena™ Software

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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 reta ....

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Why Star Peak Energy Transition Corp (STPK) stock are falling in the current trading session?

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Star Peak Energy Transition Corp. (STPK) shares were falling -8.73% to trade at $27.49 in the current market at the last check. STPK’s stock closed the previous session at $30.12. The STPK stock volume remained 1.3 million shares.
What is the recent news on STPK stock?
On 12
th April 2021, STPK and Stem Inc. announced that they will host a fireside chat on that same day with IPO Edge at 2 pm EDT. The event will be broadcasted live and has also been announced by IPO Edge on their website. The event will feature the Chairman of STPK stock, Michael Morgan, and CEO of Stem, John Carrington. The moderator chosen for the event will be Editor-in-Chief of IPO Edge John Jannarone. The event’s agenda is to discuss merger/business combination and the session will last for 45 minutes along with a Q&A session with the audience ....

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Stem, Inc. Reports Record Full-Year 2020 Results

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 Corpora ....

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Stem, Inc. Announces New Front of the Meter, Wholesale Market Participation Services Project in ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Stem, Inc. Announces New Front of the Meter, Wholesale Market Participation Services Project in .
Stem, Inc.March 2, 2021 GMT
MILLBRAE, Calif., March 02, 2021 (GLOBE NEWSWIRE) Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the installation of its largest Massachusetts solar plus storage site that will participate in New England wholesale energy markets through its existing partnership with Kearsarge Energy L.P. (“Kearsarge”), the developer and owner of the project.
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Kearsarge Haverhill LLC, located on a landfill in Haverhill, Mass., has 3.6 megawatts (MW) of solar with a 2 MW / 9 megawatt-hour (MWh) AC-coupled, front-of-the-meter (FTM) battery. The project is the largest of its kind that Stem’s AthenaTM smart energy storage software currently operates for Kearsarge in Massachusetts ....

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