Stem Enters 5-Year Agreement With Neovolt to Manage Solar Portfolio in Hungary

MT Newswires Live

01/14

Stem (STEM) said Tuesday its software will be used to manage the commercial operation of a 484-megawatt solar portfolio owned by Neovolt in Hungary, under a five-year agreement.

Financial terms were not disclosed.

Stem's PowerTrack Web asset performance management tool will monitor, optimize, and control eight utility-scale sites in the country, Stem added.

The company's shares were up 9% in recent premarket activity.

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