Stem to Support 484 MW Hungarian Solar Portfolio in Company’s Largest Software Deal in EMEA
Stem (NYSE: STEM) has secured a five-year agreement to support a 484 megawatt (MW) solar portfolio in Hungary, marking its largest software deal in EMEA. The company will implement its PowerTrack Web solution to monitor, optimize, and control eight utility-scale sites for Neovolt, a major Hungarian asset owner.
The agreement leverages Stem's AI-driven solar monitoring and optimization solutions, building on its existing 720 MWp install base in the region. Stem's involvement began during the portfolio's development phase, providing network design support and implementing best practices from its European solar plant experience. The company collaborated with local EPCs and O&M provider EXTOR Energy to meet commercial operation targets.
PowerTrack Web's deployment includes remote power plant controls, real-time system updates, and security measures to promote Service Organization Controls (SOC) compliance. The system aims to enhance plant performance through flexible SCADA functionalities and improved production forecasting methods.
Stem (NYSE: STEM) ha firmato un accordo quinquennale per supportare un portafoglio solare da 484 megawatt (MW) in Ungheria, segnando il suo più grande contratto software in EMEA. L'azienda implementerà la sua soluzione PowerTrack Web per monitorare, ottimizzare e controllare otto siti di grandi dimensioni per Neovolt, un importante proprietario di asset ungherese.
L'accordo sfrutta le soluzioni di monitoraggio e ottimizzazione solare basate su AI di Stem, ampliando la sua base installata di 720 MWp nella regione. Il coinvolgimento di Stem è iniziato durante la fase di sviluppo del portafoglio, fornendo supporto nella progettazione della rete e implementando le migliori pratiche dalla sua esperienza con impianti solari europei. L'azienda ha collaborato con EPC locali e il fornitore di O&M EXTOR Energy per raggiungere gli obiettivi di operatività commerciale.
Il dispiegamento di PowerTrack Web include controlli remoti per le centrali elettriche, aggiornamenti di sistema in tempo reale e misure di sicurezza per promuovere la conformità ai Controlli delle Organizzazioni di Servizio (SOC). Il sistema mira a migliorare le prestazioni degli impianti attraverso funzionalità SCADA flessibili e metodi di previsione della produzione migliorati.
Stem (NYSE: STEM) ha asegurado un acuerdo de cinco años para apoyar un portafolio solar de 484 megavatios (MW) en Hungría, marcando su mayor contrato de software en EMEA. La compañía implementará su solución PowerTrack Web para monitorear, optimizar y controlar ocho sitios a gran escala para Neovolt, un importante propietario de activos húngaro.
El acuerdo aprovecha las soluciones de monitoreo y optimización solar basadas en inteligencia artificial de Stem, ampliando su base instalada existente de 720 MWp en la región. La participación de Stem comenzó durante la fase de desarrollo del portafolio, proporcionando apoyo en el diseño de redes e implementando las mejores prácticas de su experiencia en plantas solares europeas. La compañía colaboró con EPC locales y el proveedor de O&M EXTOR Energy para cumplir con los objetivos de operación comercial.
El despliegue de PowerTrack Web incluye controles remotos de plantas de energía, actualizaciones del sistema en tiempo real y medidas de seguridad para promover el cumplimiento de los Controles de Organización de Servicios (SOC). El sistema tiene como objetivo mejorar el rendimiento de las plantas a través de funcionalidades SCADA flexibles y métodos de pronóstico de producción mejorados.
Stem (NYSE: STEM)는 헝가리에서 484메가와트(MW) 태양광 포트폴리오를 지원하기 위한 5년 계약을 체결하며, EMEA에서 가장 큰 소프트웨어 계약을 체결했습니다. 이 회사는 Neovolt라는 주요 헝가리 자산 소유자를 위해 8개의 대규모 사이트를 모니터링, 최적화 및 제어하기 위해 PowerTrack Web 솔루션을 구현할 것입니다.
이 계약은 Stem의 AI 기반 태양광 모니터링 및 최적화 솔루션을 활용하며, 이 지역의 720 MWp 설치 기반을 기반으로 합니다. Stem의 참여는 포트폴리오 개발 단계에서 시작되어, 네트워크 설계 지원을 제공하고 유럽 태양광 발전소에서의 경험을 기반으로 한 모범 사례를 구현했습니다. 이 회사는 현지 EPC 및 O&M 제공업체인 EXTOR Energy와 협력하여 상업 운영 목표를 달성했습니다.
PowerTrack Web의 배포에는 원격 발전소 제어, 실시간 시스템 업데이트 및 서비스 조직 통제(SOC) 준수를 촉진하기 위한 보안 조치가 포함됩니다. 이 시스템은 유연한 SCADA 기능과 개선된 생산 예측 방법을 통해 발전소의 성능을 향상시키는 것을 목표로 합니다.
Stem (NYSE: STEM) a signé un accord de cinq ans pour soutenir un portefeuille solaire de 484 mégawatts (MW) en Hongrie, marquant son plus grand contrat de logiciel en EMEA. L'entreprise mettra en œuvre sa solution PowerTrack Web pour surveiller, optimiser et contrôler huit sites à grande échelle pour Neovolt, un important propriétaire d'actifs hongrois.
Le contrat tire parti des solutions de surveillance et d'optimisation solaire pilotées par l'IA de Stem, s'appuyant sur sa base installée existante de 720 MWp dans la région. L'implication de Stem a débuté lors de la phase de développement du portefeuille, en fournissant un soutien à la conception du réseau et en mettant en œuvre les meilleures pratiques issues de son expérience avec des centrales solaires européennes. L'entreprise a collaboré avec des EPC locaux et le fournisseur de O&M EXTOR Energy afin d'atteindre les objectifs d'exploitation commerciale.
Le déploiement de PowerTrack Web comprend des contrôles de centrales à distance, des mises à jour système en temps réel et des mesures de sécurité pour promouvoir la conformité aux contrôles des organisations de services (SOC). Le système vise à améliorer la performance des centrales grâce à des fonctionnalités SCADA flexibles et des méthodes de prévision de production améliorées.
Stem (NYSE: STEM) hat einen fünfjährigen Vertrag zur Unterstützung eines 484 Megawatt (MW) Solarportfolios in Ungarn gesichert, was den größten Softwarevertrag von Stem in der EMEA-Region darstellt. Das Unternehmen wird seine PowerTrack Web-Lösung implementieren, um acht utility-scale Standorte für Neovolt, einen bedeutenden ungarischen Asset Owner, zu überwachen, zu optimieren und zu steuern.
Der Vertrag nutzt die auf KI basierenden Lösungen zur Solarüberwachung und -optimierung von Stem und baut auf der bestehenden Basis von 720 MWp in der Region auf. Stem war bereits in der Entwicklungsphase des Portfolios beteiligt, indem es Unterstützung bei der Netzwerkgestaltung angeboten und die besten Praktiken aus seiner Erfahrung mit europäischen Solarparks umgesetzt hat. Das Unternehmen arbeitete mit lokalen EPCs und dem O&M-Dienstleister EXTOR Energy zusammen, um die kommerziellen Betriebsziele zu erreichen.
Die Implementierung von PowerTrack Web umfasst Fernsteuerungen für die Kraftwerke, Echtzeit-Systemupdates und Sicherheitsmaßnahmen zur Förderung der Einhaltung von Service Organization Controls (SOC). Das System zielt darauf ab, die Leistung der Anlagen durch flexible SCADA-Funktionen und verbesserte Produktionsprognosemethoden zu steigern.
- Secured largest EMEA software deal for 484 MW solar portfolio
- Expanding market presence with 720 MWp total install base in Eastern Europe
- Five-year contract duration provides stable revenue stream
- Strategic partnership with major Hungarian asset owner Neovolt
- None.
Insights
This deal represents a significant strategic expansion in Eastern Europe's renewable energy market. The 484 MW solar portfolio implementation showcases Stem's technological capabilities in AI-driven energy management and positions them as a dominant player in utility-scale solar operations.
PowerTrack Web's deployment across eight utility-scale sites demonstrates robust scalability and integration capabilities. The platform's comprehensive functionalities - from remote power plant controls to real-time system updates - address critical operational challenges in managing large-scale renewable assets. The five-year commitment from a major asset owner like Neovolt validates Stem's technical solution and suggests predictable recurring revenue streams.
The Edge-to-Cloud architecture and enhanced production forecasting methods indicate strong competitive advantages in the utility-scale solar monitoring space. With a 720 MWp install base in the region, this deal significantly strengthens Stem's market position and could serve as a springboard for capturing additional market share in Eastern Europe's growing renewable energy sector.
This partnership marks a strategic milestone in Hungary's renewable energy landscape. The 484 MW portfolio represents a substantial portion of Hungary's solar capacity, positioning Stem as a important player in the country's energy transition. The deal's significance extends beyond immediate revenue implications - it establishes a strong presence in Eastern Europe's rapidly expanding renewable energy market.
The collaboration with EXTOR Energy and local EPCs indicates deep market penetration and understanding of regional requirements. The emphasis on SOC compliance and security measures reflects awareness of evolving regulatory frameworks in the EU energy market. This positions Stem favorably for future opportunities as Eastern European countries accelerate their renewable energy adoption.
For investors, this signals Stem's ability to secure large-scale, long-term contracts in emerging markets, potentially leading to stable revenue streams and market share growth in the EMEA region. The standardization of Stem's solutions across Neovolt's portfolio suggests strong product-market fit and potential for similar deals with other major asset owners.
Five-year agreement is evidence of the Company’s AI-driven value and utility-scale traction in
Ritter Antal, CEO at Neovolt, said, “We have seen Stem drive value throughout the commissioning of this portfolio with the invaluable support of Stem’s localized engineering expertise, well-aligned KPIs, and outstanding software solutions. Having built over 500MW of assets in
Stem played a pivotal role from the outset of the portfolio’s development, providing comprehensive support in network design and incorporating best practices from its extensive experience with large-scale solar plants across
“Stem continues to strengthen its leading position in utility-scale clean energy asset monitoring and control across the growing Eastern European market,” said Sebastian Grenz, Managing Director of EMEA at Stem. “We are proud to have supported the successful commissioning of Neovolt’s renewable energy portfolio with our edge-to-cloud solutions. This five-year agreement reflects the culmination of Stem’s commitment and expertise in supporting seamless project execution and management of large-scale renewable asset portfolios.”
About Stem
Stem (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.
About Neovolt
Neovolt is developing and operating renewable power plant portfolio. The company is especially focusing on grid connected solar plants within the territory of
Source: Stem, Inc.
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Source: Stem, Inc.
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