TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo June 23, 2022 Saul Laureles Chief Legal Officer Stem, Inc. 100 California St., 14th Floor San Francisco, California 94111 Re: Stem, Inc. Registration Statement on Form S-3 Filed June 15, 2022 File No. 333-265612 Dear Mr. Laureles: This is to advise you that we have not reviewed and will not review your registration statement. Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Gregory Herbers at 202-551-8028 with any questions. Sincerely, Division of Corporation Finance Office of Manufacturing cc: John T. Gaffney