Seasoned Executive and Energy-Technology Veteran Joins Stem as CEO
MILLBRAE, Calif. October 22, 2012 – Stem [http://www.stem.com/], a leader in energy optimization combining cloud analytics and intelligent energy storage to reduce commercial electricity costs, announced today that Salim Khan has joined the company as its Chief Executive Officer.
Khan is a proven executive with a distinguished global career spanning over 25 years in both large engineering technology corporations and venture capital backed start-up companies in Silicon Valley. With the addition of Khan as CEO, founder Brian Thompson will assume a new role as Executive Vice President.
Most recently, Khan was President and Chief Operating Officer of Trilliant, a smart grid communications company. Trilliant is backed by a mix of prominent Venture Capital firms and strategic investors. Under his operational leadership, Trilliant received numerous Smart Grid Excellence awards. The company has a growing list of more than 200 highly satisfied customers around the world.
Prior to Trilliant, Khan was Senior Vice President and General Manager of ABB’s Network Management business in the Americas, where he oversaw significant growth of the energy/market management software and control systems business. Khan was one of the key architects of ABB’s Smart Grid global strategy, where he identified, acquired and integrated multiple smart grid software companies with investments exceeding one billion dollars. Prior to ABB, Khan held executive level positions at Landis+Gyr and Systems Control, Inc.
“I am excited to join an innovative and talented team that has developed a unique solution which delivers significant value for commercial and industrial customers,” said Khan. “Stem’s technology will transform the economics of distributed renewable energy and aggregated grid stability services while at the same time enabling customers to gain control over ever-rising energy costs. I am looking forward to being on the front lines of growing Stem’s market share.”
Stem was founded in 2009 to offer the first energy optimization solution for commercial and industrial customers that combines the scalable power of cloud computing with predictive analytics and intelligent energy storage. The solution creates savings that cannot be achieved with any other solution and requires no change in customer operations or behavior.
“We are thrilled to have Salim lead our team into its next stage of rapid growth. Salim Khan is an industry veteran with large scale, global manufacturing, sales and marketing experience. I am confident that Salim will help accelerate our mission to transform the delivery of energy optimization solutions to the C&I market and next generation grid services to utilities,” said board member Zeb Rice, Managing Partner of Angeleno Group.
“Salim’s extensive experience with smart grid technology and his vast knowledge of the global electric power industry will enable Stem to scale rapidly as we continue on our successful path of customer deployments and technology innovation,” said Brian Thompson, Founder and Executive Vice President of Stem. “Salim is a terrific addition to the company as we enter our next phase of growth. We are excited to welcome him aboard.”
Stem, a leading provider of energy optimization services, combines big data, predictive analytics and energy storage to reduce electricity costs for businesses. The company’s solution requires no compromises on building occupant comfort and offers unparalleled energy insights, allowing a comprehensive view into past, present and future energy use. As demands on the grid continue to increase, Stem’s system enables good energy citizenship and unlocks the potential for expanded renewable energy integration. Headquartered in Millbrae, California, Stem is funded by leading investors Angeleno Group and Greener Capital. For more information, please visit http://stem.com.
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