\u201cVoltares is taking an important step in advancing utility-scale solar development in Georgia, and we’re proud to support that vision,\u201d said Matt Tappin, President of Software at Stem. \u201cProjects like Marneuli-I require a technology partner that understands both plant performance and the complexities of connecting renewable energy to the grid. By bringing software, controls, and on-site hardware together through PowerTrack, we’re helping Voltares build the operational foundation for a reliable, high-performing asset. It’s a strong example of how our integrated approach can support renewable energy development in emerging markets.\u201d<\/p>\n
Located near Marneuli, approximately 40 kilometers south of Tbilisi, the project is expected to generate approximately 100 GWh of clean electricity annually, contributing to Georgia’s efforts to diversify its energy supply and expand domestic renewable energy generation. Voltares has also incorporated environmental and social management measures into the project’s development, including biodiversity protection, community engagement, and plans to enable continued agricultural use of the land through managed sheep grazing.<\/p>\n
To support the long-term operating objectives, Stem will provide an integrated hardware and software solution built around PowerTrack, Stem’s operating system for clean energy. The platform combines site-wide monitoring, performance analytics, and real-time plant controls, giving Voltares centralized visibility and control over plant operations.<\/p>\n
The solution includes a fully redundant power plant controller (PPC) architecture with primary and secondary control levels to maintain operational continuity in the event of a control component failure. The system will manage the facility’s output against a 50 MW maximum export limit and enable real-time telemetry and communications with Georgian State Electrosystem (GSE), Georgia’s transmission system operator, through the project’s 220 kV grid connection. These capabilities will help Voltares manage plant performance while meeting the technical requirements for connecting a utility-scale solar facility to Georgia’s national grid.<\/p>\n
\u201cMarneuli I is an important milestone for Voltares and a meaningful contribution to Georgia\u2019s renewable energy development,\u201d said Kilian Mayr, Project Manager at Voltares. \u201cSeeing the project now approaching operation is especially rewarding and represents an important step in bringing one of our large-scale developments into long-term operation. Georgia has significant renewable energy potential, and Marneuli I demonstrates how that potential can be translated into reliable energy infrastructure. Our focus has been not only on delivering a high-quality solar plant, but on developing an asset that can operate efficiently and responsibly over the long term. Combining strong project development with the right technology and operational expertise is essential to achieving that, and our collaboration with Stem provides a solid foundation for the long-term performance of Marneuli I.\u201d<\/p>\n
Commissioning is scheduled in Q1 2027, leading directly into commercial operation.<\/p>\n
Marneuli-I further expands Stem’s international utility-scale presence, building on recent PowerTrack deployments across Europe and Latin America. The project demonstrates Stem’s ability to support renewable energy developers across different markets through integrated software, controls, and on-site hardware designed to meet diverse operational and grid requirements.<\/p>\n
For more information on Stem and the PowerTrack Suite, visit stem.com.<\/p>\n
About Stem<\/b><\/p>\n
Stem (NYSE: STEM) is a global leader reimagining technology to support the energy transition. We turn complexity into clarity and potential into performance.<\/p>\n
Stem helps asset owners, operators, and energy stakeholders unlock the full value of their portfolios by enabling the intelligent development, deployment, and operation of clean energy assets. Stem\u2019s integrated software suite, PowerTrackTM<\/sup>, is the industry-standard and best-in-class platform for asset monitoring and optimization and is backed by expert professional and managed services, all delivered under one roof. Designed to address complex energy challenges seamlessly, our technology transforms raw data into clear, actionable insights, providing the visibility and intelligence needed to drive performance. With projects across 55 countries, customers have trusted Stem for nearly 20 years to maximize the value of their clean energy investments.<\/p>\n Driven by human and artificial intelligence, Stem is unlocking energy intelligence. Learn more at stem.com.<\/p>\n About Voltares<\/b><\/p>\n Voltares is an independent renewable energy developer focused on bringing high-quality clean energy projects from concept to operation in emerging and fast-growing markets.<\/p>\n The company has a strong focus on long-term performance, local partnerships, and responsible project delivery. By combining development expertise with technical and commercial capabilities, Voltares works to turn renewable energy potential into reliable infrastructure that supports energy security, economic growth, and the transition to lower-carbon power systems.<\/p>\n Voltares has set a target to help avoid one million tons of CO\u2082 emissions by 2030 through the projects it develops and operates. Learn more at voltares.com.<\/p>\n Forward-Looking Statements<\/b><\/p>\n This press release, as well as other statements we make, contains \u201cforward-looking statements\u201d within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as \u201cexpect,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201cbelieve,\u201d \u201cpredict,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cprojected,\u201d \u201cprojections,\u201d \u201cforecast,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cambition,\u201d \u201cgoal,\u201d \u201ctarget,\u201d \u201cthink,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cwill,\u201d \u201chope,\u201d \u201csee,\u201d \u201clikely,\u201d and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about our business strategies and those of our customers; our ability to retain or upgrade current customers, and our ability to further penetrate or expand into new markets. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results or outcomes to differ materially from those expressed or implied by such forward-looking statements, including but not limited to our ability to achieve the expected benefits from our expansion into new markets, as well as our operational and strategic initiatives; including from our cost reduction and restructuring efforts; our inability to successfully execute on our strategy; the effects of the One Big Beautiful Bill on our business and that of our customers; disruptions in sales, production, service or other business activities; general macroeconomic and business conditions in key regions of the world, including inflationary pressures, general economic slowdown or a recession, high interest rates, changes in monetary policy, changes in trade policies, including tariffs or other trade restrictions or the threat of such actions, and instability in financial institutions; the direct and indirect effects of widespread health emergencies on our workforce, operations, financial results and cash flows; geopolitical instability, such as the armed conflicts between Russia and Ukraine and in the Gaza Strip and nearby areas; the results of operations and financial condition of our customers; pricing pressures; severe weather and seasonal factors; our inability to continue to grow and manage our growth effectively; our inability to attract and retain qualified employees and key personnel; our inability to comply with, and the effect on our business of, evolving legal standards and regulations, including those concerning data protection, consumer privacy, sustainability, and evolving labor standards; risks relating to the development and performance of our software-enabled services; our inability to retain or upgrade current customers, further penetrate existing markets or expand into new markets; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties discussed in this release and in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, our actual results or outcomes, or the timing of these results or outcomes, may vary materially from those reflected in our forward-looking statements. Forward-looking statements and other statements in this release regarding our environmental, social, and other sustainability plans and goals are not an indication that these statements are necessarily material to the Company, investors, or other stakeholders, or required to be disclosed in our lings under U.S. securities laws or any other laws or requirements applicable to the Company. In addition, historical, current, and forward-looking environmental, social, and sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Forward-looking statements in this press release are made as of the date of this release, and the Company disclaims any intention or obligation to update publicly or revise such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261112084240\/en\/<\/a><\/span><\/p>\n<\/p>\n
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