Stem and Click Energy Partner to Bring Advanced Energy Storage to Australian Market

Leading Australian energy retailer to deploy Stem's energy analytics and advanced energy storage system

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Mar 19, 2013, 09:00 ET

MILLBRAE, Calif., March 19, 2013 /PRNewswire/ -- Stem, a leader in energy optimization combining cloud analytics and intelligent energy storage to reduce commercial electricity costs, announced today its first international sale and partnership. Stem is partnering with Click Energy, a fast-growing online Australian energy retailer, to promote Stem's products to Click Energy customers. Click will distribute the Stem Energy System to Click Energy customers in the Australian market to address the rising costs associated with high peak energy costs.

"We are excited to be partnering with Click, an innovative energy company, to expand our reach into the Australian market," said Stem CEO Salim Khan. "Stem's approach to optimizing energy provides the same benefits in other markets as it does here in the U.S., and we are excited to provide an option to Australian electricity consumers."

Using the high-resolution data provided by Stem's PowerMonitors, Click will have an unmatched ability to analyze and profile their customer base. Click's customers will have the opportunity to model upcoming pricing structures to see how advanced energy storage can affect their bills.

"We are continuously looking for new ideas and technology that will help save our customers money," said Simon Schauble, Click Energy Group CEO. "The Stem Energy System is a market leading energy management system that can both support our customers in managing their bills and also contribute to our strong commitment to environmental sustainability."

Both Stem and Click Energy are excited about the partnership and the synergies between the companies. For Stem, this marks its first international expansion, and for Click, this solution extends the industry leadership and innovation for which Click is known in the Australian energy market.

About Stem

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.

About Click Energy

Click Energy is a leading online electricity company in Australia. Avoiding the high overheads of other energy companies, we have been able to continually grow our customer base, achieving economies of scale, bringing savings to our customers. Contrary to today's public perception, we want to do our bit to help people manage the ever-increasing cost of living… and our mandate is to always provide cheap electricity to our customers. We serve our customers online and run a 'no paper bill' operation. Click has offices in Melbourne and Brisbane. To see how we can save you money, visit us at www.clickenergy.com.au or call one of the team on 1800 775 929, and … Switch to Click.

SOURCE Stem