Stem acquires raicoon — Vienna-based provider of automated fault detection and event management software for solar asset performance; integration into Stem’s PowerTrack platform to streamline operational workflows and improve fault detection across renewable energy portfolios
Houston-based Stem (NYSE: STEM) acquired the software assets of Vienna-based raicoon GmbH for an undisclosed sum. The deal expands Stem’s AI-enabled PowerTrack monitoring platform with automated fault detection used across European solar portfolios. Existing raicoon customers continue under Stem support; integration of analytics into PowerTrack will roll out over time — part of Stem’s pivot from a pure storage developer toward a software-led O&M platform.
Deal Value
Other
Technology
TX
Location
Deal Details
- Deal Type
- Asset acquisition (software)
- Seller / Sponsor
- raicoon GmbH
- Buyer / Financier
- Stem, Inc.
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- BusinessWire / Stem
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