Trending Assets
Top investors this month
Trending Assets
Top investors this month
$STEM InCharge Partnership
I'm a little late on this, but $STEM announced this partnership with InCharge a few weeks back. InCharge is a leader in fleet EV charging, and this partnership provides a combined offering of Stem's Athena AI and InCharge's InControl electrical vehicle management software. Stem piloted some EV charging programs, but this represents a stronger push into the space.
I like the direction this company is taking because they have made a strong push to make the Athena software the focal point of the business. Originally an extremely low margin business, the company has slowly experienced margin expansion in recent years as recurring software revenue has begun to grow.
My whole thesis on this company revolves around Stem becoming primarily a SaaS company. The clean energy / EV infrastructure industry is extremely crowded with very little separating many of the competitors, which is why I think the Athena AI software should be the company's focal point. Stem still sells battery storage systems, but partnerships like this help to provide more Athena implementation opportunities without the need to sell any hardware.
investors.stem.com
Stem Announces Joint Solar, Storage, and EV Charging Offering with InCharge Energy
Interoperable solutions to ease EV charging infrastructure deployment and management and help maximize asset value Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced its partnership with InCharge Energy, a fleet electrification services leader, to equip businesses with a complete EV fleet infrastructure solution to maximize their charging assets. The offering combines Athena ® , Stem’s clean energy management platform, with InCharge Energy’s “In-Control” software platform, giving fleet owners the tools to manage EV charger loads with clean energy using solar and storage, optimize utility bills, build out EV charging in areas of the grid that are constrained, and monitor progress toward environmental, social and governance (ESG) goals. With a focus on EV fleet charging depots and high-power fast charging hubs, the offering will help businesses navigate the complicated and historically expensive EV market nuances and take advantage of
Already have an account?