Stem SPAC Presentation Deck
Levelized Cost of Energy ($/kW)
stem Clean Energy Technology Convergence: Disruption and Exponential Growth
Renewables
Lowest Cost
Generation
$ 400
$300
$ 200
$100
$0
+
2010 2012 2014 2016 2018 2020
Nuclear
Wind
Coal
Solar PV
CCGT
BESS hardware cost (US$/kWh)
Battery Hardware
Rapid Cost
Reductions
$300
$260
$220
$180
$140
$100
$280
$246
$210
$171
$145
$129
$117
2018 2020 2022 2024 2026 2028 2030
Capacity GWh
Storage Market
25x Growth"
Market Opportunity
$1.2 Trillion
200
160
120
80
40
0
6
11
Confidential
30
United States
40
62
101
Rest of World
14
2018 2020 2022 2024 2026 2028 2030
164
800
600
400
200
0
Cumulative Capacity GWh
(3)
Cumulative Capacity
Source: Bloomberg New Energy Finance, Wood Mackenzie, Lazard LCOE.
Note: BESS includes battery rack, PCS, balance of system, energy management system and transformer costs. (1) Wood Mackenzie. (2) Bloomberg New Energy Finance. (3) Includes all FTM, non-residential and residential storage.View entire presentation