Stem Adds $100M to Behind-the-Meter Energy Storage Finance Fund

By [email protected] Stem, one of the leading providers of commercial energy-storage systems, just added $100 million in new financing from energy infrastructure investor Starwood Energy Group. Stem’s project financing resources now top $350 million.

It’s going to take many billions in project financing to move the energy storage market from nascent to material — and Stem now leads in the ability to direct capital to commercial behind-the-meter storage projects. The deployments aim to combine big data, analytics and energy storage to benefit the ratepayer as well as the grid operator.

The company claims to have surpassed 75 megawatt-hours of systems operating and under

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