{"id":800310,"date":"2025-01-14T05:03:08","date_gmt":"2025-01-14T10:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/stem-to-support-484-mw-hungarian-solar-portfolio-in-companys-largest-software-deal-in-emea\/"},"modified":"2025-01-14T05:03:08","modified_gmt":"2025-01-14T10:03:08","slug":"stem-to-support-484-mw-hungarian-solar-portfolio-in-companys-largest-software-deal-in-emea","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stem-to-support-484-mw-hungarian-solar-portfolio-in-companys-largest-software-deal-in-emea\/","title":{"rendered":"Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA<\/b><\/p>\n<p class=\"bwalignc\"><i>Five-year agreement is evidence of the Company\u2019s AI-driven value and utility-scale traction in Eastern Europe<\/i><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nStem (NYSE: STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions will be standard in supporting the commercial operation of a 484 megawatt (MW) solar portfolio for Neovolt, one of the largest asset owners in Hungary. Under the five-year agreement, Stem&#8217;s PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. Stem\u2019s strength in both technical execution and local market adaptation of renewable energy assets was a key deciding factor for Neovolt to standardize on Stem. With PowerTrack Web\u2019s more than 720 megawatt peak (MWp) total install base in the region, Stem continues to add to its growing foothold in Eastern Europe.<\/p>\n<p>\nRitter Antal, CEO at Neovolt, said, \u201cWe have seen Stem drive value throughout the commissioning of this portfolio with the invaluable support of Stem\u2019s localized engineering expertise, well-aligned KPIs, and outstanding software solutions. Having built over 500MW of assets in Hungary, we must ensure the seamless operation and optimal performance of our portfolio supporting Neovolt\u2019s renewable energy vision now and in the years to come. The combination of Stem\u2019s powerful software solutions and experience in local markets made them the clear partner-of-choice. We look forward to continued successes as we scale our renewable energy portfolio.\u201d<\/p>\n<p>\nStem played a pivotal role from the outset of the portfolio\u2019s development, providing comprehensive support in network design and incorporating best practices from its extensive experience with large-scale solar plants across Europe. Working in close collaboration with local EPCs and trusted partner and O&amp;M provider, EXTOR Energy, Stem deployed its advanced Edge-to-Cloud solution, global engineering expertise, robust supply chain, and production team to meet Neovolt\u2019s targeted commercial operation dates. Since its deployment, PowerTrack Web has been operational across the extensive portfolio, enhancing plant performance through flexible and scalable SCADA functionalities designed to meet both current and future needs of utility-scale PV power plants. Remote power plant controls, execution of real-time system updates, and strong security measures are expected to help promote Service Organization Controls (SOC) compliance across the portfolio, regardless of evolving requirements. Together with improved production forecasting methods and robust troubleshooting processes, Stem is delivering a more seamless and efficient operational process across the assets for Neovolt.<\/p>\n<p>\n\u201cStem continues to strengthen its leading position in utility-scale clean energy asset monitoring and control across the growing Eastern European market,\u201d said Sebastian Grenz, Managing Director of EMEA at Stem. \u201cWe are proud to have supported the successful commissioning of Neovolt\u2019s renewable energy portfolio with our edge-to-cloud solutions. This five-year agreement reflects the culmination of Stem\u2019s commitment and expertise in supporting seamless project execution and management of large-scale renewable asset portfolios.\u201d<\/p>\n<p><b>About Stem<\/b><\/p>\n<p>\nStem (NYSE: STEM) is a global leader in AI-enabled software and services that enable its customers to plan, deploy, and operate clean energy assets. The Company offers a complete set of solutions that transform how solar and energy storage projects are developed, built, and operated, including an integrated suite of software and edge products, and full lifecycle services from a team of leading experts. More than 16,000 global customers rely on Stem to maximize the value of their clean energy projects and portfolios. Learn more at stem.com.<\/p>\n<p><b>About Neovolt<\/b><\/p>\n<p>\nNeovolt is developing and operating renewable power plant portfolio. The company is especially focusing on grid connected solar plants within the territory of Hungary.<\/p>\n<p>\nSource: Stem, Inc.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250109478137r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250109478137\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250109478137\/en\/<\/a><\/span><\/p>\n<p><b>For News Media:<\/b><\/p>\n<p><b>Stem Investor Contacts<br \/>\n<\/b><br \/>Ted Durbin, Stem<br \/>\n<br \/>Marc Silverberg, ICR<br \/>\n<br \/>IR@stem.com<\/p>\n<p><b>Stem Media Contact<br \/>\n<\/b><br \/>Suraya Akbarzad, Stem<br \/>\n<br \/>press@stem.com<\/p>\n<p><b>Stem Regional Contact<br \/>\n<\/b><br \/>Anton Raic, Director of Sales EMEA, Stem<br \/>\n<br \/>a.raic@stem.com<\/p>\n<p><b>KEYWORDS:<\/b> California North America United States Europe Germany Hungary<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Software Utilities Alternative Energy Energy Artificial Intelligence Technology Other Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250109478137\/en\/1587888\/3\/stem-logo-color-blue.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA Five-year agreement is evidence of the Company\u2019s AI-driven value and utility-scale traction in Eastern Europe SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Stem (NYSE: STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions will be standard in supporting the commercial operation of a 484 megawatt (MW) solar portfolio for Neovolt, one of the largest asset owners in Hungary. Under the five-year agreement, Stem&#8217;s PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. Stem\u2019s strength in both technical execution and local market adaptation of renewable &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stem-to-support-484-mw-hungarian-solar-portfolio-in-companys-largest-software-deal-in-emea\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800310","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stem-to-support-484-mw-hungarian-solar-portfolio-in-companys-largest-software-deal-in-emea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Stem to Support 484 MW Hungarian Solar Portfolio in Company\u2019s Largest Software Deal in EMEA Five-year agreement is evidence of the Company\u2019s AI-driven value and utility-scale traction in Eastern Europe SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Stem (NYSE: STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions will be standard in supporting the commercial operation of a 484 megawatt (MW) solar portfolio for Neovolt, one of the largest asset owners in Hungary. Under the five-year agreement, Stem&#8217;s PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. 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Under the five-year agreement, Stem&#8217;s PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. 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