Stem and SB Energy announced that the two companies have entered a multi-year technology and commercial alliance. Stem and SB Energy have agreed in principle to terms for a technology joint venture that will combine SB Energy's Digital Platform and acumen in developing, building, and operating infrastructure assets with Stem's best-in-class technology development capabilities to deliver high-value energy products. In addition, Stem will be SB Energy's preferred partner for the energy management system (EMS) for 10 GWh of SB Energy's energy storage pipeline across North America, including CAISO and ERCOT, over the next five years.

As energy buyers seek to decarbonize around-the-clock operations, the combination of these technologies will be crucial to deliver the most innovative products, enabling dispatchable renewable energy at scale.