Exhibit 21

STEM, INC.

SUBSIDIARIES OF REGISTRANT

The Registrant, Stem, Inc., a Delaware corporation, has no parent

The following are subsidiaries of the Registrant

(as of December 31, 2021)

Subsidiary Name			Country or state of incorporation
Generate-Stem LCR, LLC			Delaware
Logan Energy Storage ULC			Canada
Rollins Road Acquisition Company			Delaware
Saturn Energy Storage 1 LLC			Delaware
Saturn Energy Storage 2 LLC			Delaware
Saturn Energy Storage 3 LLC			Delaware
Saturn Energy Storage 4 LLC			Delaware
SCF 1, LLC			Delaware
Stem Canada US Holdings, Inc.			Delaware
Stem Development, LLC			Delaware
Stem Energy Canada ULC			Canada
Stem Energy Southern California, LLC			Delaware
Stem Equipment Finance, LLC			Delaware
Stem Finance SPV II, LLC			Delaware
Stem Finance SPV III, LLC			Delaware
Storage Finance, L.L.C.			Delaware
Stem Finance SPV IV, LLC			Delaware
Stem Finance SPV V ULC			Canada
Stem Finance SPV VI ULC			Canada
Stem Operations Canada ULC			Canada
Stem Operations, LLC			Delaware
Syncarpha Devstor I, LLC			Delaware
Trillium Storage Limited Partnership			Canada