![]() Stem’s proven expertise across multiple jurisdictions and depth of market knowledge were instrumental in understanding the complexities of the evolving ERCOT marketplace to position the projects for short- and long-term success. Regis is overseeing the projects’ development while Stem is supplying the battery hardware, Athena ®, its leading AI clean energy management platform, and services over each project’s operating life. The projects represent the first of a $400M equity commitment by REX to acquire additional construction-ready projects from Regis’ development pipeline within the Electric Reliability Council of Texas (ERCOT)’s territory, power supplier to more than 26 million customers representing approximately 90 percent of the state's electric load. REX is a joint venture between Regis Energy Partners LP, an independent developer, owner, and operator of energy storage systems, and Excelsior Energy Capital (EEC), a leading investment fund focused on renewable power generation. (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced four 9.9 megawatts (MW) standalone energy storage projects in Texas with REX Storage Holdings, LLC (REX), an independent power producer focused on standalone battery energy storage systems (BESS) for ERCOT power customers. In his free time, Anup enjoys running with his dog, surfing and Burning Man.Demonstrate economically viable renewables opportunities in ERCOT Throughout his career, Anup has served on several company boards including Stem (NYSE: STEM), Volta (NYSE: VLTA) and current investments Boosted, Passport Labs and PosiGen.Īnup has served at a national judge for the E&Y Entrepreneur of the Year Awards, the Financial Times/Just Means Social Innovations Awards, Zayed Future Energy Prize, the MIT Clean Energy Prize and has been a keynote speaker at several conferences including the Norwegian Govt Enova Initiative, California’s BlueTech Valley and for MBA students at Yale SOM & MIT.Īnup holds a degree in Economics, with honors, from the University of Chicago and is also on the non-profit board of Grid Alternatives, which aims to bring renewable energy to low-income homeowners. From 1999 to 2007 Anup was a Partner at TPG-Aqua where he focused on investments in the water sector. ![]() From 2007 to 2013, Anup was a Co-Founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group, a growth equity firm investing in the renewable energy and resource efficiency sectors. Prior to Mubadala, he was a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments advancing renewable energy globally. ![]() Prior to co-founding Activate, Anup was a founder and partner at several private equity firms including Mubadala Capital, an Abu Dhabi sovereign wealth fund. ![]() He has served on multiple private and public company boards and chaired audit and compensation committees. Stem is the leading provider of BTM storage solutions for C&I customers with a robust and growing installed base and a differentiated, artificial-intelligence driven platform.Īnup has been investing over 20 years in energy, water and industrial technology businesses. ![]() The market for behind-the-meter (BTM) storage solutions is at an inflection point as electricity costs for C&I customers are increasing, battery hardware is becoming more affordable, and software is enabling the integration of both renewables and storage assets into real-time energy markets. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation. By combining advanced energy storage solutions with Athena, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. Global leader in AI-powered energy storage ![]()
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