Equipping Yourself for the EV Future: Infocus Offers Online Workshop on EV Charging & Power Grid

Proven software executive with more than 25 years of experience to lead Company in execution of its software-focused strategy Concludes CEO search announced in September 2024 and advances Stem’s transformation to a software and services company David Buzby to step down as Interim CEO and Executive Chair, will remain Board Chair SAN FRANCISCO - Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its Board of Directors has appointed Arun Narayanan as Stem’s new Chief Executive Officer, effective January 27, 2025. Additionally, David Buzby will step down as Interim CEO and Executive Chairman of the Board, effective January 27, 2025, and will remain Chair of the Board. “On behalf of the Board and the Stem leadership team, I am thrilled to welcome Arun to Stem,” said David Buzby, Executive Chair and Interim CEO. “Throughout our search for a new CEO, we prioritized finding a leader with deep software expertise and a track record of transformative leadership to advance Stem’s software and services strategy forward and to drive scalable growth and enhance long-term profitability. Arun's expertise in building and managing software driven enterprises rounds out an experienced management team that includes Doran Hole who recently joined as Executive Vice President and Chief Financial Officer bringing 25 years of relevant industry experience and financial discipline. Collectively, we now have a full team capable of taking advantage of the opportunity to build the leading AI powered energy software company.” “I thank the Board for entrusting me to build upon Stem’s rich history of best-in-class execution and to advance the Company’s strategy,” said Mr. Narayanan. “I have always seen software as the catalyst in accelerating the clean energy transition and the key contributor to meeting our planet's climate goals. I look forward to working alongside the talented team at Stem to accelerate progress on our go-to-market strategy, drive growth and innovation, and deliver exceptional software-driven value to our customers, partners, and investors, helping promote safe, sustainable, and resilient energy systems.” Mr. Narayanan is a seasoned business and digital leader with more than 25 years of expertise in software technology, operations, data and analytics, spanning industries such as oil and gas and renewable energy. His decades of experience at SLB (formerly Schlumberger) and Anglo American, building industry leading software for demanding global clients is a perfect complement to Stem’s vision and well-timed for this pivotal moment in the Company’s strategy and growth. Furthermore, Mr. Narayanan’s recent experience in the renewable energy industry sets the stage for a seamless entry as the leader and member of Stem’s strong executive management team. Prior to joining Stem, Mr. Narayanan served as CEO of RES Digital Solutions, a division of RES, a global independent renewable energy company. In this role, Mr. Narayanan spearheaded innovation and led the development of cutting-edge software products and solutions, driving the digital transformation of the renewables sector. Prior to that, Mr. Narayanan was the Chief Data Officer of Anglo American, where he led the digital strategy to build its industry-leading data analytics platform, VOXEL. Mr. Narayanan began his career at SLB, a Global Fortune 500 energy technology company, where, over his 21-year career, he held a range of software focused leadership positions and was ultimately responsible for defining and implementing software solutions as Vice President, Data & Analytics for Schlumberger’s Software division. Forward-Looking Statements Statements contained in this press release that are not statements of historical fact, including those that relate to our strategy and initiatives, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The potential risks and uncertainties that could cause our actual results, performance or achievements to differ from predicted results, performance or achievements include our ability to execute on, and achieve the expected benefits from, our operational and strategic initiatives; our ability to continue to grow and manage our growth effectively; our ability to attract and retain qualified employees and key personnel; our ability to retain or upgrade current customers, further penetrate existing markets or expand into new markets; our ability to meet contracted customer demand; supply chain interruptions and manufacturing or delivery delays; disruptions in sales, production, service or other business activities; general macroeconomic and business conditions in key regions of the world, including inflationary pressures, general economic slowdown or a recession, rising interest rates, changes in monetary policy, instability in financial institutions, and the prospect of a shutdown of the U.S. federal government; the direct and indirect effects of widespread health emergencies on our workforce, operations, financial results and cash flows; geopolitical instability, such as the ongoing conflict in Ukraine; the results of operations and financial condition of our customers and suppliers; pricing pressures; severe weather and seasonal factors; our ability to comply with, and the effect on our business of, evolving legal standards and regulations, including those concerning data protection, consumer privacy, sustainability and evolving labor standards; risks relating to the development and performance of our energy storage systems and software-enabled services; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties discussed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC. Statements in this press release are made as of the date of this release, and Stem disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise, except as required by law.   ...Read more

● Japan Energy Summit & Exhibition emerges as a crucial platform for facilitating and showcasing collaborations between energy giants ● The event convenes over 4,000 attendees, 150 exhibiting companies, 450 delegates, 130 speakers, 150 government representatives and senior leaders ● Keynote speakers, government officials, and industry leaders will discuss Asia's growing role in global climate leadership and sustainable energy solutions. ● 50% international attendance – Making this one of the most important international energy events in Japan ● Key companies attending: JERA Co., Inc, Tokyo Gas Co., Ltd, Kraken, ExxonMobil, Cheniere, RWE, Rystad Energy, Abaxx Exchange, Asahi Kasei Group, Berkeley Research Group, IHI, King & Spalding, Sempra Infrastructure, TotalEnergies, University of Calgary, Vortexa, ENGIE, Wood Mackenzie, and Japan NRG Tokyo  – As the world grapples with the urgent need to transition to sustainable energy sources and reduce carbon emissions, international energy giants like JERA, Tokyo Gas, Kraken, ExxonMobil and more are stepping up to the challenge. They are spearheading efforts to overcome these global challenges through strategic collaborations and innovative projects that will be on the agenda at the Japan Energy Summit & Exhibition from 3-5 June 2024 at Tokyo Big Sight. Notable speakers slated to speak at Japan Energy Summit and Exhibition include: ●  Shinichi Kihara , Director General for International Policy on Carbon Neutrality,  Ministry of Economy, Trade and Industry ●  Izuru Kobayashi , Deputy Director General for Environmental Affairs,  Ministry of Economy, Trade and Industry (METI) ●  Kadri Simson,  Commissioner for Energy,  European Commission ●  Hon. Brian Jean, ECA, KC,  Minister for Energy and Minerals,  Government of Alberta ●  Mitsunori Fukuda,  Director, Gas Market Office, Agency for Natural Resources and Energy,  Ministry of Economy, Trade and Industry (METI) ●  Kiyoshi Hikino,  Director of Power and Gas Market Policy Division, Agency for Natural Resources and Energy,  Ministry of Economy, Trade and Industry (METI) ●  Yuya Hasegawa , Director Energy Resource Development Division,  Ministry of Economy, Trade and Industry ●  Eiji Ohira , Director Fuel Cell and Hydrogen,  New Energy and Industrial Technology Development Organization ●  Takashi Kawai , Director, Ocean Development and Environment Policy Division, Maritime Bureau,  Ministry of Land, Infrastructure, Transport and Tourism ●  Shinichi Sasayama , CEO, President, Representative Executive Officer,  Tokyo Gas Co., Ltd. ●  Junya Tawa , Senior Managing Executive Officer, Chief Strategy Officer and Head of the Planning Division,  JERA Co., Inc. ●  Takayuki Ueda , President & CEO,  INPEX CORPORATION ●  H.E. Rachmat Kaimuddin , Deputy Minister for Infrastructure and Transportation Coordination,  Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia ●  Helle Kristoffersen , President of Asia & member of the Executive Committee,  TotalEnergies ●  Kathy Wu , Regional President Asia Pacific, Gas & Low Carbon Energy,  bp ●  Irtiza Sayyed , President of Asia Pacific, Low Carbon Solutions,  ExxonMobil Highlighting their commitment, JERA, Japan's largest power generation company, will return as the Co-Host of the event. Yuichi Shimada, Executive Officer, Head of Public Relations Group at JERA said regarding their participation: "As the largest power producer in Japan and a top-tier energy company worldwide, JERA is committed to developing cutting-edge solutions for a new era. We are proud to take the lead in developing a low-carbon fuel supply chain and to present the world’s first fuel substitution demonstration project. By participating in the Japan Energy Summit & Exhibition, we are happy to showcase our advancements and look forward to fostering more collaborations with industry partners toward a decarbonised future." Another participant of the leading international energy event is Co-Host Tokyo Gas, who is a pioneer in LNG introduction to Japan and now provides energy solutions globally. “To realise a net-zero world, innovation to decarbonise gas and electricity is essential. We are developing methanation technologies, which recycles CO2, alongside the expansion of renewable power sources, and are making moves to replace city gas with ‘e-methane.’” Yumiko Yao, Executive Officer, Senior General Manager of LNG Business Dept, Tokyo Gas said. "Tokyo Gas is at the forefront of integrating innovative technologies to meet Japan's energy needs sustainably. Participation in the Japan Energy Summit & Exhibition is pivotal in driving this transformation. As Co-Host of the Japan Energy Summit and Exhibition, we are pleased to help exemplify actionable steps towards a sustainable energy future,” Yao continued. Japan Energy Summit & Exhibition will be headlined by an address by Shinichi Kihara, Director General for International Policy on Carbon Neutrality Ministry of Economy, Trade and Industry (METI) discussing the role that the Asia Zero Emissions Community (AZEC) will play in decarbonising the region. This will be followed by another crucial session for setting the tone of the event, senior officials from INPEX and TotalEnergies will be discussing the importance of strengthening global ties to achieve energy security. Event sponsors include JERA, Tokyo Gas, Kraken, Exxonmobil, TotalEnergies, Cheniere, Rystad Energy, RWE, Engie and Vortexa who will join 100 other companies to showcase their collaborative contributions to propelling the energy transition within the exhibition and through the summit sessions. The convergence of industry leaders and innovators at the Japan Energy Summit & Exhibition highlights the importance of partnerships across sectors to achieve a carbon-neutral future. ...Read more

Robots and automation can assist in the unloading and placement of solar panels into racks at large utility-scale locations. The process of assembling solar fields can be made more efficient thanks to outside, autonomous robotic technology. As the planet grapples with depleting oil supplies and the need to cut carbon emissions, the adoption of disruptive technology such as robots and automation can serve as an essential catalyst for the spread of renewable energy. According to current applications and research, robotics and automation can optimize the processes involved in renewable energy generation, particularly for solar energy sources, resulting in higher productivity and cost savings. Solar Panel Placement Robots and automation can assist in the unloading and placement of solar panels into racks at large utility-scale locations. The process of assembling solar fields can be made more efficient thanks to outside, autonomous robotic technology. Furthermore, because of the delicate nature of solar cells and wafers, high-speed impact robots are more appropriate and softer than manual handling, resulting in higher throughputs with a higher yield. Robots assist, rather than replace, solar installation crews, allowing utility-scale contractors to minimize enormous quantities of repetitive jobs, enhance productivity, boost worker safety, and create more MegaWatt-hours, faster. Solar Panel Maintenance and Cleaning Important jobs, such as clearing dust from solar cells, can be automated with the help of self-cleaning robots, which would otherwise be dangerous for humans. Dust reduction is crucial in high-dust-density countries like the Middle East to maximize incident irradiance on the panel and ensure the solar panels produce maximum power output and energy yield. A water-free self-cleaning technology can save billions of liters of water throughout the life of a plant in arid climates. Solar Power Systems Manufacturing When compared to human participation, robots in the PV manufacturing process offer a substantial contribution due to their potential to significantly lower costs while improving precision and accuracy. Manufacturers may use robots and automation to make smarter and faster production decisions, increasing precision, lowering production costs, and boosting productivity. Silicon ingots, solar cells, silicon modules, and silicon wafers are just a few examples of fragile components that can be manufactured with high precision using robotic automation. See Also: Top Bioinformatics Solution Companies ...Read more

Renewable energy competes more and more with fossil fuels. Distributed energy upgrades the grid economy. New threats to energy systems and their regulatory models are presented by climate change. In the year 2018, the U.S. had maximum churning in energy space between the state and the federal government as a result of the difference in policy and perspectives, is likely to intensify in the year 2019 as well. State and local governments are pushing for clean energy and climate policies, either aiming to keep low-carbon generation on the grid or build more of it in the future. For instance, in 2019, the action of state clean energy policy is likely to intensify following Democrat gains in the midterm elections. With the push toward renewable energy, states are also looking for adapting their utility grids and business models for emerging resources. North Carolina Clean Energy Technology Centre states, 42 states in the second quarter of 2018 pushed to advanced metering infrastructure, storage deployment, data access, and revenue reforms. Gas generation will continue to dominate. However, continued advances in battery technology could make the bridge shorter than many would have expected. Back-the-meter installations outperformed the increase in utility batteries. Bloomberg analysts expect lower prices and increased market participation options for storage—such as the recently approved order 841 of FERC—by 2040 alone to generate more than 100 GWh of storage capacity in the U.S. Check it out - Top Most Energy Management Solution Provider The National Renewable Energy Laboratory states that by 2050, electric vehicles could increase U.S. electricity demand by up to 38 percent, providing a vital source of energy demand for utilities and the possibility of using the batteries of the vehicles to meet grid requirements. This year, utilities across the country are likely to intensify these efforts, pushing for the approval of their EV charging stations, studying new rate designs to encourage charging and finding new ways to combine vehicle fleets to modulate their charging for grid requirements. Renewable energy will increasingly replace coal. The United States Onshore wind energy costs an average of $26/MWh to $56/MWh without subsidies, while utility-scale solar energy costs range from $36/MWh to $44/MWh in November, Lazard reported. Renewable energy price continues to decline; utilities are likely to withdraw their older, more expensive coal generators increasingly in favor of cleaner energy sources throughout 2019. ...Read more