Stem, Inc. Announces Executive Leadership Additions
Global Storage Leader Expands Executive Leadership with New COO and
SVP of Sales
MILLBRAE, Calif.–(BUSINESS WIRE)–Stem,
Inc., the global leader in artificial intelligence (AI)-powered
energy storage, today announced two accomplished additions to its
executive team to further its corporate vision and goals.
Mark Triplett joins Stem this week in a new executive position of Chief
Operating Officer (COO), responsible for deployment, supply chain, and
programs. Triplett brings more than 20 years of experience developing,
selling and delivering complex technology solutions in energy storage,
smart grid, DERS, utility operations, and enterprise software. Triplett
has held several COO and executive sales positions, most recently as COO
of Green Charge Networks, and earlier as President of Software and COO
at UISOL, an Alstom-owned DRMS enterprise software application product
exclusively for the utility industry.
Alan Russo joins Stem in a new executive position as Senior Vice
President of Global Sales. Russo most recently led Sales and Marketing
for REC Solar since 2015, and earlier as VP Strategic Accounts for
Bloom, where he led the development and deployment of hundreds of fuel
cell systems at critical facilities around the country. Earlier in his
career, Russo led Asia operations for American Power Conversion,
managing over 350 employees.
“Triplett and Russo are corporate leaders who will enhance Stem’s
execution experience for our innovative, artificial intelligence-driven
customer-sited energy storage platform, AthenaTM,” said John
Carrington, CEO of Stem, Inc. “We are excited to bring their proven,
global deployment acumen to the Stem team.”
In January 2018, Stem announced its second international market
(Ontario, Canada and Japan), and completed a Series D first close,
adding Activate Capital, Ontario Teachers’ Pension Plan, and Temasek to
its global investment leadership circle.
In 2017, the energy superintelligenceTM storage leader had
over 1,100 sites operational or in construction with an average system
size of 500 kWh, having commissioned a new energy storage system on
average every two days.
About Stem, Inc.
Stem creates innovative technology services that transform the way
energy is distributed and consumed. AthenaTM by Stem is the
first AI for energy storage and virtual power plants. It optimizes the
timing of energy use and facilitates consumers’ participation in energy
markets, yielding economic and societal benefits while decarbonizing the
grid. The company’s mission is to build and operate the smartest and
largest digitally-connected energy storage network for our
customers. Headquartered in Millbrae, California, Stem is directly
funded by a consortium of leading investors including Activate Capital,
Angeleno Group, Constellation Technology Ventures, Iberdrola
(Inversiones Financieras Perseo), GE Ventures, Mithril Capital
Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE
Supply & Trading, Temasek, and Total Energy Ventures. Visit www.stem.com
for more information.
© 2018 Stem, Inc. All Rights Reserved. Stem and the Stem logo are
registered trademarks of Stem Incorporated in the U.S.
Contacts
Antenna Group for Stem, Inc.
Josh Garrett, 646-357-3445
[email protected]
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