Two startups in the Hawaii-based Energy Excelerator program have signed significant deals, although neither company is based in the Aloha State.
Michigan-based Spider9 has signed a deal with global electronics manfacturing giant Samsung, according to a Pacific Business News report. And California-based Stem, Inc. received additional funding from Constellation Technology Ventures and Total Energy Ventures, PBN notes, for a combined $27 million infusion.
Spider9 is part of the Energy Excelerator’s 2015 cohort, while Stem was part of last year’s group.
Spider9 provides energy storage solutions that deliver lower cost, longer life and improved reliability. Our patented technology adds dynamic controls and intelligence to conventional energy components.
About Stem, Inc.
Stem creates innovative solutions that reshape the way energy is distributed and consumed. We are a technology company that enables businesses to control their electricity spend and helps the electrical grid be more efficient.