Partnership between Stem and Copec will bring Stem’s technology to South America

Stem Inc. and Copec announced that their joint venture and strategic partnership will bring Stem’s technology to Chile and Colombia. The agreement follows the $30 million investment made in August 2019 in Stem by WIND Ventures, Copec’s corporate venture capital (CVC). Under this agreement, Copec will deploy Stem’s intelligent storage solutions as part of its development strategy, which aims to accelerate the energy transition focused on improving people’s quality of life, expanding Stem’s international presence into South America.

Source: GlobeNewswire