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Stem Completes Acquisition Of Alsoenergy

PUBLIC · STEMFeb 02, 2022

Acquiring Company

Stem

Acquired Company

AlsoEnergy

HoustonEnergySustainabilityNatural ResourcesSoftware

Description

Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced that it has completed its previously announced acquisition of Also Energy Holdings, Inc. (“AlsoEnergy”). Through this acquisition, Stem solidifies its position as a global leader in clean energy intelligence and optimization software, adding 32.85 gigawatts (GW) of solar assets under management in more than 50 countries.

Quick answer

Stem is acquiring AlsoEnergy, announced February 2, 2022. Stem is based in Houston, Texas, United States.

How much did Stem pay for AlsoEnergy?
The deal value was not disclosed.
What does Stem do?
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market.
Where are Stem and AlsoEnergy based?
Stem is based in Houston, Texas, United States.
Who are the decision-makers at Stem?
Fundz holds 2 contacts at Stem. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Stem

Location

Houston, Texas, United States

About

Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. With the acquisition of AlsoEnergy, Stem is a leader in clean energy intelligence and optimization, bringing project developers, asset owners and commercial customers an integrated solution to maximize the value of solar and energy storage. For more information, visit www.stem.com.

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Frequently asked

Who acquired AlsoEnergy?

AlsoEnergy was acquired by Stem, based in Houston. The deal was reported on February 2, 2022. Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. Stem is publicly traded (STEM) and operates in Energy.

When did Stem acquire AlsoEnergy?

Stem's acquisition of AlsoEnergy was reported on February 2, 2022. Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced that it has completed its previously announced acquisition of Also Energy Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AlsoEnergy do?

A single platform delivering exponential value. The most advanced and complete monitoring and management solutions for all of your distributed energy assets. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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