Stem, Inc.

Energix US Brings 152 MWdc Border Basin Solar Project Online with Stem’s PowerTrack Platform

Stem's PowerTrack platform is now operational at Border Basin Solar, a 152 MWdc (120 MWac) utility-scale project in Hancock County, Ohio owned and developed by Energix US, delivering power into the PJM market. Stem supported the full deployment lifecycle from design through commissioning, providing power plant controls, SCADA, PJMnet integration, and cloud-based monitoring and analytics. The win marks Energix surpassing 1 GW of U.S. PJM portfolio capacity, though no contract value or revenue terms were disclosed.

•5d ago

Stem Announces Second Quarter 2026 Results

Stem reported second quarter revenue of $33.7 million, down 12% year-over-year due to reduced battery hardware resales, while core software and services revenue held steady. Profitability improved significantly with adjusted EBITDA rising 63% to $6.2 million and non-GAAP gross margins expanding to 55%, marking the fifth consecutive quarter of positive adjusted EBITDA. Bookings surged 39% sequentially to $36.8 million and contracted backlog grew 18%, supporting the company's decision to reaffirm its full-year 2026 financial and operating guidance.

•2mo ago

Stem's PowerTrack EMS Enables Hybridization of Two Operating Utility-Scale Solar Plants in Hungary

Stem secured a five-year agreement to extend its PowerTrack EMS platform to the hybridization of two operating solar plants in Hungary owned by Solarmarkt Group. The project adds 160 MWh of battery storage (80 MWh per site) to existing 60 MWp solar facilities, enabling fully integrated hybrid assets expected online by September 2026. This expansion leverages existing controls infrastructure at the Szihalom and Hódmezővásárhely sites, reinforcing Stem's footprint in Central and Eastern European energy markets.

•2mo ago

Stem Wins The smarter E AWARD 2026 for PowerTrack Energy Management System

Stem announced that its PowerTrack Energy Management System has won The smarter E AWARD 2026 in the Smart Integrated Energy category during the exhibition in Munich. The award recognizes PowerTrack as a leading solution for edge-to-cloud control and monitoring of utility-scale solar, storage, and hybrid assets, highlighting the platform's robust cybersecurity and vendor-independent architecture. Stem continues to deploy the platform globally, currently managing over 37 GW of solar assets and 800+ BESS sites across more than 55 countries.

•4mo ago

Stem Launches AIONA, a Dedicated AI Services Offering Built for Operational Impact

Stem launched AIONA, a dedicated AI services offering designed to help energy organizations execute AI strategies and achieve measurable operational results. The offering builds on Stem's internal expertise across solar, storage, and hybrid assets to help customers identify high-value use cases and deploy production-grade AI solutions. AIONA is available immediately to customers in North America and select international markets, aiming to move beyond theoretical strategy to tangible financial and operational impact.

•4mo ago

The New Bottleneck Isn’t Computing Power · It’s Just Power

LIXTE Biotechnology Holdings (LIXT) announced a definitive agreement to acquire NOMAD Transportable Power Systems, pivoting from biotech to a 'power availability' infrastructure platform. The deal includes a name change to NOMAD Power Solutions and targets the growing demand for rapid, deployable utility-grade battery storage to support AI data centers and industrial sites. NOMAD claims a structural permitting advantage over fixed storage, citing 108 local moratoria in New York alone, and projects revenue growth of 175% in 2025 and 285% in 2027. Bloom Energy (BE) is mentioned only as a sector peer in the 'bring your own power' space; this release is authored by LIXT's marketing agency and does not involve a direct transaction with BE.

•4mo ago

Stem Brings PowerTrack EMS to Latin America’s Utility-Scale Hybrid Market with Granja Solar Project in Chile

Stem announced that Copec Flux is deploying its PowerTrack Energy Management System at the Granja Solar project in Chile, a 135 MW solar facility being retrofitted with 420 MWh of battery storage. This deployment marks Stem’s entry into Latin America’s utility-scale hybrid market, using the Granja project as a reference model for future regional deals. The partnership combines Stem’s AI-enabled software with Copec’s local execution capabilities, aiming to streamline operations and improve asset performance for integrated solar-plus-storage facilities.

•5mo ago

Stem and Nuvation Energy Enter into Agreement to Deliver North American-Made BESS Control Solution

Stem announced a co-marketing agreement with Nuvation Energy to jointly promote a fully North American-made battery energy storage system control stack. The integrated solution combines Stem’s PowerTrack Energy Management System with Nuvation’s Battery Management System to address demand for secure, compliant, and domestically sourced energy infrastructure. The collaboration targets tightening U.S. regulatory requirements, including Foreign Entity of Concern (FEOC) restrictions, with both companies aligning sales efforts and trade show participation.

•6mo ago

Stem Acquires raicoon to Expand PowerTrack Capabilities

Stem acquired the software assets of raicoon GmbH to enhance its PowerTrack platform with automated fault detection and event management capabilities. The integration is intended to help customers cut through alert noise, prioritize performance issues, and reduce time to resolution across renewable energy portfolios. This move underscores Stem’s 2026 strategic priority of strengthening its core software business, with existing raicoon customers continuing to be supported by Stem’s global resources.

•6mo ago