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Energy Storage Firm Stem’s Q1 Revenue Up 63% YoY

Partnership agreements fuelled the revenue by 63% to $67 million

May 5, 2023

/ Gourav Mishra
/ Other, Renewable Energy
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Smart energy storage company Stem’s revenue increased 63% year-over-year (YoY) to $67 million in the first quarter (Q1) of the financial year (FY) 2023, driven by higher hardware revenue from Front-of-the-Meter and Behind-the-Meter partnership agreements

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Gourav Mishra

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