Stem Announces PowerTrack™ APM for Comprehensive Solar and Storage Energy Portfolio Management
Stem, a global leader in clean energy solutions, announced the PowerTrack™ Asset Performance Management suite to streamline the management of storage, solar, and hybrid energy portfolios. The software aims to optimize asset performance, enhance operational efficiency, and ensure compliance as companies scale their clean energy portfolios.
PowerTrack APM suite simplifies and automates processes to drive operational efficiency.
It centralizes and streamlines the management of storage, solar, and hybrid energy portfolios.
The software offers highly configurable dashboards and workflows for personalized user experiences.
PowerTrack APM helps understand the commercial impact of technical decisions and vice versa to manage risk effectively.
The suite surfaces insights to reduce operational risk and maximize asset and portfolio performance.
PowerTrack APM suite may require additional training for users unfamiliar with the technical and commercial aspects of energy asset management.
Integrating with existing systems and deploying the software may pose challenges for some companies.
Advanced software suite aims to bridge technical and commercial operations for optimal asset performance
Stem's PowerTrack™ APM suite offers comprehensive solar and storage energy portfolio management to bridge technical and commercial operations for optimal asset performance. (Graphic: Business Wire)
“Asset management of Energy Storage Systems (ESS) is a game changer that makes the tools, processes, and strategies used with other asset classes obsolete,” said Cedric Brehaut, Senior Vice President of Product at Stem. “Technical and commercial performance are inextricably linked by a complex web of revenue streams, technologies, contracts, and warranty constraints,” Brehaut explained. “PowerTrack APM helps owners and operators of storage, solar, and hybrid assets understand the commercial impact of technical decisions and the technical impact of commercial strategies, so they can more effectively and efficiently manage risk and drive returns.”
Built on the dual foundation of Stem’s award-winning solar asset monitoring software, PowerTrackTM, and the company’s industry-leading Athena® platform for energy storage optimization, PowerTrack APM revolutionizes how technical asset managers, commercial asset managers, and operations managers collaborate around a unified set of metrics and streamlined processes. PowerTrack APM was built by experts in the storage and solar industry with over a decade of experience to surface the right insights at the right time to reduce operational risk and maximize asset and portfolio performance.
PowerTrack APM’s broad capabilities offer additional key benefits to a wide range of clean energy asset stakeholders empowering users to:
- Extensively monitor with data acquisition tools to continuously capture the health of individual assets and provide early warnings of issues
- Holistically track commercial performance of portfolio and sites, comparing multiple revenue streams against expectations in a centralized view
- Automatically manage and verify energy storage system warranty obligations
- Streamline and automate operations center processes with advanced event management capabilities that reduce alert noise and identify actionable issues
- Measure commercial impacts of technical events to minimize risk and drive returns
Open and flexible, PowerTrack APM suite works with a variety of systems including data acquisition, monitoring, battery management system (BMS), and computerized maintenance management system (CMMS) for quick deployment on existing portfolios, and integrates seamlessly with Stem’s PowerBidder Pro®, Energy Management System (EMS), and Edge solutions for an end-to-end clean energy asset performance optimization platform.
PowerTrack APM will be released to select beta customers starting this summer, and generally available at the end of the year.
Learn more about PowerTrack APM at stem.com/powertrack-apm.
About Stem
Stem (NYSE: STEM) provides clean energy solutions and services that are designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.
Source: Stem, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240502958204/en/
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
IR@stem.com
Stem Media Contact
Suraya Akbarzad, Stem
press@stem.com
Source: Stem, Inc.
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