Team size: 201 - 500
Founders: Brian Thompson, Stacey Reineccius
Founded date: 2009
Company revenue: US$ 500 million - 1 billion
Investors: BlackRock, Elemental Excelerator, Iberdrola, RWE, Temasek Holdings
Company stage: IPO
Stem brings and optimizes energy consumption to business through its distributed storage technology. Since 2009, Stem has been analyzing how various types of businesses use electricity and how they are charged for it. The company uses this information to design a solution that protects companies from unnecessarily high electricity costs without requiring any changes to the way they run their businesses. Stem combines big data, predictive analytics, and energy storage to reduce electric costs for businesses and in aggregate, deliver services to the grid.