Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales

Company reaffirms 2022 guidance on higher demand due to the Inflation Reduction Act

November 8, 2022

/ Gourav Mishra
/ Other, Renewable Energy
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Smart energy storage company Stem reported revenue of $100 million in Q3 FY 2022, a jump of 150% year-over-year (YoY) primarily due to higher hardware sales from Front-of-the-Meter (FTM) and Behind-the-Meter (BTM) partnership agreements.

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Gourav Mishra

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