The intelligent energy storage company has now raised more than $90m in debt and equity, after closing a series C round featuring RWE and Mitsui.
US-based intelligent energy storage technology provider Stem closed its series C round at $45m today after securing funding from RWE Supply & Trading, the energy trading subsidiary of energy company RWE.
Stem closed the first tranche of the round, led by diversified conglomerate Mitsui, at $12m in April this year. RWE Supply & Trading led the round’s $33m second tranche and will take a seat on Stem’s board in conjunction with the funding.
Founded in 2009, Stem’s system combines…
