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home / news releases / STPK - Stem awarded 68 MWh in new smart energy storage projects

STPK - Stem awarded 68 MWh in new smart energy storage projects

Star Peak Energy Transition Corp. Class A
Stem and its sales channel partners were awarded 68 megawatt-hours in projects from the December 2020 California Self-Generation Incentive Program (‘SGIP’) Non-Residential Equity lottery.These projects amount to more than $35M of smart storage deployments. Systems to be developed include large-scale behind-the-meter deployments larger than 5 MWh each, and various solar plus storage and backup solution deployments for state and local governments, educational institutions, nonprofits, and small businesses.“As we enter 2021 and complete our transformation to becoming a publicly traded company, Stem is well-positioned to further our leadership in the energy storage market, capitalize on new growth opportunities, and continue to advance our Athena™ platform," commented John E. Carrington, CEO, Stem.Stem remains on track to complete its previously announced business combination agreement with Star Peak Energy Transition Corp. (STPK) in 1Q21.STPK Shares -3.1% pre-market.

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Stem awarded 68 MWh in new smart energy storage projects
Stock Information
Company Name: Star Peak Energy Transition Corp. Class A
Stock Symbol: STPK
Market: NYSE
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