Monday, December 2, 2013

Stem Snags $15.4M For Energy Storage

Millbrae-based energy storage systems provider Stem announced this morning that it has raised $15M in a Series B funding round. The company said the funding was led bY Iberdrola and also included GE Ventures and Angeleno Group. Stem develops an energy storage system--using battery power--aimed at the manufacturing, retail, services, and hospitality market. Stem is led by Salim Khan. More information »