STEM, INC.

Closed (deSPAC)

Profile in progress

What it is: Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios
What it’s doing now: Merging with Star Peak Energy Acquisition Corp. (STPK) — closed (despac).
What you should know: The deal carries a $200M minimum-cash condition — heavy redemptions can break it.

The business, per its filings

SEC primary

Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stems leading AI-driven enterprise software platform, Athena ® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergys PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com. ### Stem

What the company says about itself

Web research — not audited

Stem is a global leader in AI-driven clean energy solutions and services. The company helps asset owners, operators, and stakeholders benefit from the full value of their energy portfolio by enabling the intelligent development, deployment, and operation of clean energy assets. Stem offers an integrated software suite called PowerTrack, which includes components for solar, storage, and hybrid systems, supported by managed services and AI consulting.

Markets:: Clean Energy | Solar | Energy Storage | Hybrid Systems
Products:: PowerTrack Software | PowerTrack Energy Management System (EMS) | PowerTrack SCADA | PowerTrack Power Plant Controller (PPC) | PowerTrack Logger | PowerTrack Optimizer | Managed Services | AI Services
Customers:: Asset Owners | Operators | Utilities | Energy Traders | Project Developers | EPCs | O&M providers | Project Investors

What our web check found

[WEB-INTEL 2026-08-26] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Stem expects to complete its previously announced merger with Star Peak early in the second quarter of 2021." [https://www.stem.com/stem-inc-reports-record-full-year-2020-results/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The deal would value Stem at about $1.35b" [https://www.reddit.com/r/SPACs/comments/k69sv5/stem_inc_spac_star_peak_energy_near_merger/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The merger with Star Peak will give Stem an estimated $608 million in gross proceeds" [https://www.reuters.com/business/stem-agrees-blank-check-merger-with-star-peak-go-public-2020-12-04/]

Source: https://www.stem.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

STEM, INC. is merging with Star Peak Energy Acquisition Corp. (STPK) currently marked Closed (deSPAC).

Headline equity value	—
PIPE	≈ $225M · unsourced
Minimum cash to close	$200M

Structure per SEC accession(s) 0001104659-20-136430. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is STEM, INC. going public?

STEM, INC. has an approved merger with the SPAC Star Peak Energy Acquisition Corp. (STPK). Deal status: Closed (deSPAC).

Does STEM, INC. have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.