Stem acquires raicoon software platform — automated solar asset monitoring, fault detection and event management — to expand the PowerTrack platform's US-deployed solar/storage O&M capabilities
Asset purchase of raicoon's software stack to bolt onto Stem's PowerTrack platform. Adds automated fault detection and work-order dispatch, primarily targeted at Stem's US-deployed solar and storage assets. First post-restructuring tuck-in for Stem under the company's 2026 software-first strategy. Existing raicoon European customers retained. Financial terms not disclosed.
Deal Value
Solar+Storage
Technology
US (Stem HQ Texas; raicoon target Austria-based)
Location
Deal Details
- Deal Type
- Asset acquisition (software)
- Seller / Sponsor
- raicoon GmbH
- Buyer / Financier
- Stem, Inc. (NYSE: STEM)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- BusinessWire / Stem
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