HOUSTON, April 28 — Stem, Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced it has acquired the software assets of raicoon GmbH (“raicoon”), a Vienna-based provider of automated fault detection and event management for solar asset performance. The acquisition is expected to enhance Stem’s PowerTrack™ platform by improving how operational data is analyzed and translated into action, helping customers identify, prioritize, and resolve performance issues more quickly across their renewable energy portfolios.
“Customers are looking for clearer, more actionable insights from their energy assets, not more noise,” said Matt Tappin, President of Software at Stem. “This acquisition further strengthens PowerTrack by enhancing our ability to automatically surface and prioritize the issues that matter most, helping operators resolve performance problems faster and act with greater confidence.”
The acquisition directly underscores Stem’s 2026 strategic priority of strengthening its core businesses and driving deeper customer value within PowerTrack. Raicoon’s technology analyzes large volumes of asset-level data to detect performance anomalies and surface actionable insights. Once integrated, these capabilities will streamline operational workflows, reduce time to resolution, and improve overall asset performance. The solution is already deployed across solar portfolios in Europe, supporting operators through automated fault detection and workflow management.
“Operators don’t need more alerts, they need decisions. raicoon was designed to close that gap by automatically identifying what’s wrong, what matters, and what to do about it. PowerTrack is already a leading platform for managing clean energy assets, and we’re excited to see our technology strengthen it further,” said Ralf Tschanun, Co-founder and Chief Product Officer at raicoon. “As part of Stem, we can deliver that to a global customer base on the platform that already sets the standard for clean energy asset management.”
Stem will integrate raicoon’s core analytics capabilities into PowerTrack over time, with a focus on delivering a unified user experience. The integration is expected to support Stem’s broader strategy to simplify how customers manage assets, reduce operational friction, and unlock greater performance from clean energy portfolios.
Existing raicoon customers will continue to be supported with the same platform and service model, now backed by Stem’s global resources and access to expanded software capabilities.
