17 Sep '12, 7pm

Stem’s Cloud-Based Take on Energy Storage: More Brains, Fewer Batteries: Two startups in the energy storage bu...

Stem is a "cloud-based energy optimization solution that reduces peak electrical usage, lowers electrical bills, and eliminates the need for new generation facilities," according to the company's maiden press release. The 30-employee company is armed with more than $10 million in VC funding from the Angeleno Group and Greener Capital . David Buzby, former chairman of the board of SunEdison, is also an investor. Brian Thompson, Founder and CEO of Stem, said that the company has created a storage system that can save the consumer energy and money without any behavioral changes or compromises for the business. "We are transforming the way people use electricity without changing what they do,” said Thompson, adding, "We're not thinking about energy arbitrage." Utilizing a battery, advanced power electronics, and predictive analytics, the company's technology is able to make ec...

Full article: http://www.greentechmedia.com/articles/read/Stems-Cloud-B...

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