Stem, Inc. Awarded Energy Storage Portfolio by NineDot Energy

Initial project portfolio to include more than 110MWh of front-of-the-meter standalone energy storage projects in New York stateSAN FRANCISCO, & NEW YORK, January 25, 2022–(BUSINESS WIRE)–Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services and software, announced today the Company has entered into an agreement to provide smart energy storage services to NineDot Energy, a cleantech developer that designs and deploys community distributed energy generation and storage projects.The projects consist of six front-of-the-meter (FTM) standalone energy storage sites in Staten Island that represent more than 110 megawatt hours (MWh). The portfolio, expected to be completed by May 2023, will participate in New York’s Value of Distributed Energy Resources (VDER) program, through which NineDot will develop the…

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