Global leader in AI-powered energy storage
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation.
The market for behind-the-meter (BTM) storage solutions is at an inflection point as electricity costs for C&I customers are increasing, battery hardware is becoming more affordable, and software is enabling the integration of both renewables and storage assets into real-time energy markets. Stem is the leading provider of BTM storage solutions for C&I customers with a robust and growing installed base and a differentiated, artificial-intelligence driven platform.
Details
Anup Jacob
Managing Partner
Anup has been investing for over 20 years in energy, water, and industrial technology businesses.
Prior to co-founding Activate, Anup was a founder and partner at Mubadala Capital, an Abu Dhabi sovereign wealth fund; a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments; a Co-founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group; and a Partner at TPG-Aqua where he focused on investments in the water sector.
Anup is on the non-profit board of Grid Alternatives, which aims to bring renewable energy to low-income homeowners, and is a Founding Member of the Advisory Board of the Energy Policy Institute (EPIC) at the University of Chicago.
Anup holds a degree in Economics, with honors, from the University of Chicago.
Paul Jordan
Partner
Paul leads the firm’s investment strategy around transportation & logistics, also focusing on AI, data, and the space economy.
Prior to Activate, Paul was an investor at Element Partners, a private equity firm with $850m of AUM focused on renewable energy and other sustainable industrial technologies.
Paul began his career at Piper Jaffray (PIPR), where he advised diversified industrial and applied technology companies on M&A.
Paul holds degrees in Public Policy and Economics from Duke University.
Highlights
homes powered during the Sept. 2022 California flex alert
reduction in a site's peak energy consumption (Penske case study)
