Stem's AI-Driven Software to Power 484 MW Hungarian Solar Portfolio in Landmark EMEA Deal

Stem Secures Major AI Software Deal in Hungary

Stem (NYSE: STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, has announced a significant five-year agreement to support a 484 megawatt (MW) solar portfolio in Hungary 1

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. This deal, which represents Stem's largest software agreement in the EMEA (Europe, Middle East, and Africa) region, underscores the company's growing influence in the Eastern European renewable energy market 2

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Partnership with Neovolt

The agreement is with Neovolt, one of Hungary's largest asset owners in the renewable energy sector. Stem's award-winning solar monitoring and optimization solution, PowerTrack Web, will be used to monitor, optimize, and control eight utility-scale solar sites across Hungary 1

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. This comprehensive system will provide Neovolt with a holistic view of their entire portfolio, enabling more efficient management and operation of their assets.

AI-Driven Solutions for Renewable Energy

Stem's PowerTrack Web utilizes AI to enhance plant performance through flexible and scalable SCADA (Supervisory Control and Data Acquisition) functionalities 2

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. These features are designed to meet both current and future needs of utility-scale photovoltaic (PV) power plants. The system offers:

1. Remote power plant controls
2. Real-time system updates
3. Strong security measures
4. Improved production forecasting
5. Robust troubleshooting processes

These capabilities are expected to promote Service Organization Controls (SOC) compliance across the portfolio, regardless of evolving requirements 1

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Stem's Role in Project Development

Stem played a crucial role from the outset of the portfolio's development, providing comprehensive support in network design and incorporating best practices from its extensive experience with large-scale solar plants across Europe 2

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. The company worked closely with local EPCs (Engineering, Procurement, and Construction firms) and its trusted partner and O&M (Operations and Maintenance) provider, EXTOR Energy, to deploy its advanced Edge-to-Cloud solution 1

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Market Impact and Future Prospects

This agreement significantly strengthens Stem's position in the utility-scale clean energy asset monitoring and control market across Eastern Europe. With PowerTrack Web's total install base in the region exceeding 720 megawatt peak (MWp), Stem is rapidly expanding its foothold in this growing market 2

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Sebastian Grenz, Managing Director of EMEA at Stem, expressed pride in supporting the successful commissioning of Neovolt's renewable energy portfolio and sees this agreement as a reflection of Stem's commitment and expertise in managing large-scale renewable asset portfolios 1

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Neovolt's Perspective

Ritter Antal, CEO at Neovolt, highlighted Stem's value throughout the commissioning process, praising the company's localized engineering expertise, well-aligned KPIs, and outstanding software solutions 2

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. With over 500MW of assets built in Hungary, Neovolt views this partnership as crucial for ensuring the seamless operation and optimal performance of their portfolio, supporting their long-term renewable energy vision 1

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