Strategic Expansion into Power Optimization Sector Positions Firm to Increase Value for Investors through Enhanced Services for Off-Takers and Consumers in CaliforniaNew York, NY, June 17, 2020 (GLOBE NEWSWIRE) — Greenbacker Renewable Energy Company LLC (“Greenbacker”) announced today that on June 9, 2020, through a wholly-owned subsidiary, it purchased the rights to Pacifica Storage LLC, a 7.9MW / 16.5MWh portfolio of sixteen operating and to-be-constructed behind-the-meter energy storage systems from Stem, Inc. (“Stem”), the global leader in artificial intelligence (AI)-driven energy storage services. The acquisition marks Greenbacker’s initial strategic expansion into the energy optimization sector, enhancing the services it provides to power off-takers and consumers in California and positioning the firm to increase value for its shareholders.“Expanding into energy storage is a logical next step

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