Stem acquires software assets of raicoon to expand PowerTrack capabilities

Stem (STEM) has acquired the software assets of 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. 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. 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.