The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

stem inc

June 14, 2024
System integrator Stem Inc and developer Prometheus Power have deployed the first of three co-located BESS projects in Arizona for utilities in the AEPCO co-operative.
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May 14, 2024
The first quarter of 2024 saw declines in US utility-scale energy storage deployments and revenues for US-based or focused system integrators, but the long-term pipeline and outlook remains healthy.
May 9, 2024
Stem Inc has reaffirmed guidance of positive adjusted EBITDA for 2024, despite starting the year with a 62% year-on-year decrease in reported revenues and a fall in bookings.
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November 22, 2023
Changing electricity market dynamics and regulations in the US are increasing the need for AI-driven software solutions, the CEO of Stem Inc told Energy-Storage.news after a recent 10GWh partnership with developer SB Energy.
November 7, 2023
Stem Inc has made a company record US$676 million of order bookings in Q3 2023 and expects to turn a profit during this year.
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August 17, 2023
The four most high-profile energy storage system (ESS) companies that listed via SPAC mergers – Eos, Energy Vault, ESS Inc and Stem – have seen their share prices fall by an average of 80% since going public.
August 7, 2023
Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.
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May 9, 2023
Stem Inc is on track to meet its target of achieving positive EBITDA during 2023, the company claimed as it posted a 63% year-on-year quarterly revenue increase in its latest financial results.
November 4, 2022
Stem Inc has posted record quarterly revenues and claimed it could begin recording positive EBITDA figures in the second half of next year.
February 25, 2022
Stem Inc has offered full-year 2022 revenue guidance of between US$350 million and US$425 million. 

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