Energy optimization company marries cloud-based predictive analytics and energy storage to cut business electricity bills
San Francisco, CA – May 16, 2012 – Stem Inc. [www.stem.com], a company that uses big data, predictive analytics, and advanced energy storage to transform the economics of power consumption in commercial buildings, announced today it has been selected as a Finalist for Red Herring’s Top 100 Americas award, which honors the year’s most promising private technology ventures in North America.
Finalists for the 2012 edition of the award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the security, Web 2.0, software, hardware, life sciences, cloud, mobile, and other sectors completed their submissions to qualify for the award. Stem was one of only five energy companies that were selected.
Red Herring’s wide-ranging assessment of a company’s potential is complemented by a review of its actual track record and standing, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
“Red Herring has a track record of spotting game-changing innovators, so we’re excited to receive their recognition for our system that uses big data, predictive analytics, and advanced energy storage to transform the economics of power consumption in commercial businesses,” said Brian Thompson, Stem CEO.
“This year was very rewarding,” said Alex Vieux, publisher and Chairman of Red Herring. “There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. Stem shows great promise and therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”
The Finalists are asked to present their winning strategies at the Red Herring Americas Forum in Santa Monica, California, May 21-23, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.
About Stem Inc.
Stem uses big data, predictive analytics, cloud computing, and advanced energy storage to drive untapped bottom line savings for commercial businesses. For more information, please visit http://www.stem.com/ and follow Stem on Twitter at @Stempowered.
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Stem company contact: Avra Durack, firstname.lastname@example.org