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Bloomberg
Stem Inc, a US provider of energy-storage systems, arra-nged $152 million in commitments from the Ontario Teachers’ Pension Plan to finance projects in the province. The pension plan also contributed to Stem’s $80 million Series D financing announced in January. Stem said in a statement that it has raised an additional $26 million for the round from investors including BNP Paribas SA and Magnesium Capital. Stem’s systems store electricity when it’s cheap and help customers save money by using the stored energy when grid power is expensive. The Millbrae, California-based company manages 860 installations in the US, Japan and Canada, and entered the Canadian market in January.