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Daily News Wrap-Up: Ministry Backs Proposed Reforms, Assures Fair Competition

The Ministry of Power has asserted that government-owned distribution companies (DISCOM) will continue to operate alongside private licensees in a regulated,...

November 3, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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Stem Misses Analysts’ Expectations Despite a 31% YoY Revenue Uptick

Energy storage company Stem’s revenue rose 31% year-over-year (YoY) to $38.2 million in the third quarter (Q3) of 2025, from $29.3 million. However, the revenue missed...

October 31, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Lower Operating Costs, Bookings Drive Stem’s Q1 2025 Revenue Up 27%

Smart energy storage company Stem reported a 27% revenue increase in the first quarter (Q1) of 2025 to $32.5 million, against the expected $31.27 million, from $25.5...

May 2, 2025

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Tina Freese

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Energy Storage

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Finance and M&A
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Reduced Battery Sales Plunge Stem’s Q4 Revenue by 67%

Smart energy storage company Stem reported a revenue of $55.8 million in the fourth quarter (Q4) of 2024, a 67% year-over-year (YoY) decrease from $167.4 million. The...

March 7, 2025

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Tina Freese

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Energy Storage

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Market & Policy
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Energy Storage Firm Stem’s Q3 Revenue Plunges on Lower Hardware Sales

Smart energy storage company Stem‘s revenue in the third quarter (Q3) of 2024 dropped 78% to $29.3 from $133.7 million in Q3 2023 due to lower battery hardware...

November 6, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Stem’s Revenue Drops 63% in Q2 2024 as Project Timelines Extend

Artificial intelligence (AI)-driven clean energy solutions and services provider Stem saw its revenue dropping 63% from $93 million in the second quarter (Q2) 2023 to...

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Daily News Wrap-Up: India’s Solar Market Sees New Leaders in 2023

India’s solar market witnessed the emergence of new leaders in the calendar year 2023, according to Mercom’s recently released India Solar Market Leaderboard 2024,...

May 7, 2024

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Mercom Staff

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Daily Wrap-up
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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Arshreet Singh

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Finance and M&A
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Daily News Wrap-Up: Cabinet Approves New Rooftop Solar Subsidy Program

The Union Cabinet has approved the Pradhan Mantri-Surya Ghar: Muft Bijli Yojana, aimed at installing rooftop solar systems on 10 million households, with a total outlay...

March 1, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: NHPC’s Tender for 1.5 GW of Wind-Solar Hybrid Project

NHPC has invited bids to set up 1,500 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects anywhere in India. The last day to submit...

November 6, 2023

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Mercom Staff

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Daily Wrap-up
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Stem’s Net Loss Jumps 124%, Despite High Revenues as Operating Expenses Surge

Stem, a smart energy storage company, reported a net loss of $77.1 million in the third quarter (Q3) of 2023, a 124% year-over-year (YoY) surge from the net loss of $34....

November 3, 2023

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Staff

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Energy Storage

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Market & Policy
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Energy Storage Vital to Make Renewable Energy Viable: Interview

In an exclusive interview with Mercom India, Sushain Sharma, Managing Director, Stem India, talks about the company’s energy storage offerings and plans for India. He...

September 21, 2023

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Satish Shetty

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: Ministry Introduces New Bidding Guidelines for Solar Projects

The Ministry of Power has introduced new guidelines for tariff-based competitive bidding for grid-connected solar power projects, aiming for transparency, fair...

August 7, 2023

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Mercom Staff

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Daily Wrap-up
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Stem Reports $19 Million Net Income in Q2 2023, a 159% YoY Boost

Smart energy storage company Stem reported a net income of $19.1 million during the second quarter (Q2) of 2023, showing a significant year-over-year (YoY) improvement...

August 4, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Energy Storage Firm Stem’s Q1 Revenue Up 63% YoY

Smart energy storage company Stem’s revenue increased 63% year-over-year (YoY) to $67 million in the first quarter (Q1) of the financial year (FY) 2023, driven by higher...

May 5, 2023

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Gourav Mishra

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Other

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Renewable Energy

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