French oil giant makes another big investment in distributed energy

Total and Exelon invest $27 million in US energy storage system provider Stem Inc.

14.01.2015: US energy storage system provider Stem Inc. raised $27 million through its latest equity financing round. Investments in the round were led by Constellation Technology Ventures, the venture capital arm of US energy company Exelon Corp., and Total Energy Ventures, the venture capital arm of French energy company Total SA. Constellation Energy Ventures will help Stem expand nationwide, while Total Energy Ventures will help Stem expand its reach with channel partners and with several international opportunities. Stem technology combines advanced energy storage and real-time data analytics to help businesses more effectively manage energy costs, with no impact to operations. The rapid-response system automatically draws on stored energy to shave peak loads before they can impact customers’ electricity bills in the form of costly demand charges. In aggregate, Stem’s customer portfolio mitigates utilities’ need to draw on peaker plants by serving as dispatchable assets during periods of grid need. Previous investors in Stem include Inversiones Financieras Perseo S.L., a subsidiary of Spanish private utility and wind project developer Iberdrola, and GE Ventures, an investment unit of US-based General Electric Co. © PHOTON http://www.stem.com http://www.stem.com/archives/12113