Stem Announces Third Quarter 2021 Financial Results

Record 12-month Pipeline of $2.4 billion, up from $1.7 billion (+41%) at the end of the second quarter

Record Bookings of $104 million, up from $37 million (+183%) in the same quarter last year

Record Contracted Backlog of $312 million, up from $250 million (+25%) at the end of the second quarter

Record Contracted Assets Under Management (AUM) of 1.4 gigawatt hours (GWh), up from 1.0 GWh in the same quarter last year