Stem Supporting Commercial Operation of 304MW DC Solar Power Plant in Hungary
06 Juillet 2023 - 11:00AM
Business Wire
Athena® Platform and SCADA solution monitoring
and optimizing the country’s largest PV power plant
Stem (NYSE: STEM), a global leader in artificial intelligence
(AI)-driven clean energy software and services, today announced
that its award-winning solar monitoring and optimization solutions
are now commercially operational as part of Hungary’s largest solar
power plant, Mezőcsát. Athena®, Stem’s AI clean energy platform,
includes AlsoEnergy’s PowerTrack and PowerManager Control Solutions
(PMCS), which are designed to help the 304 MW DC power plant reduce
Hungary’s reliance on natural gas and increasing electricity
generated from alternative energy sources. EXTOR Energy, a
Hungarian engineering, procurement, and construction provider (EPC)
and Stem certified service partner in the region, is the operations
and maintenance (O&M) provider for the Mezőcsát project. The
announcement follows Stem’s successful launches of four other 60MW
projects in Hungary over the past year and further solidifies the
company’s utility scale leadership in Eastern Europe.
“EXTOR Energy´s partnership with Stem has already proven to be
valuable to our initial solar projects across Hungary, but this is
just the beginning of our collaboration,” said CEO at EXTOR Energy.
“We are excited to continue working with Stem as we enhance our PV
projects with advanced storage solutions to further maximize value
across those assets.”
“Stem is excited to see our international strategy coming to
fruition with the successful activation of utility-scale clean
energy assets, especially as the European market prepares for
Net-Zero Industry Act (NZIA), one of the biggest investment
initiatives in the renewable energy sector,” said John Carrington,
CEO at Stem. “As more businesses explore storage solutions, we look
forward to continuing to deliver value and support in monetizing
more clean energy projects in existing and expanding markets.”
Athena’s vertically integrated hardware and software solutions
are designed to enable utilities to maximize the output of
renewable energy assets. The edge-to-cloud clean energy
optimization solutions, combined with Stem’s professional services,
provide the convenience and security of a single-source provider
throughout the project lifecycle. PowerTrack, PMCS for power plant
control and data acquisition, plus onsite weather sensors provide
direct access to actual site conditions, to meet the demanding
utility-grade monitoring and control requirements. Providing
high-quality analytics of onsite conditions and remote-control
functionality, PowerTrack enables informed insights to improve
energy and financial performance. AlsoEnergy’s in-house experts in
design, engineering, commissioning, and operations provided the
SCADA system design, power plant controller (PPC) configuration,
project management, and remote commissioning support for a fast
installation, quick interconnection, and plant performance
maximization. In addition, its dedicated engineering team helped to
accelerate asset onboarding onto PowerTrack to decrease time to
data.
Hungary has emphasized the importance of increasing electricity
from alternative sources along with new production, storage
capacities and the infrastructure to support the country’s goal of
energy sovereignty and energy production. The $185.9 million
investment represents the largest continuous solar park in Eastern
Europe, which accounts for eight percent of the electricity
produced by all domestic solar power plants. Occupying
approximately 1087 acres (440 hectares) and consisting of
466,000 solar panels, the massive solar power plant is already
connected to the Hungarian electricity grid and can produce 372
gigawatt hours (GWh) of electricity annually (enough to power the
Hungarian city of Debrecen with a population of 200,000 for half a
year).
About Stem
Stem provides clean energy solutions and services 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230706659421/en/
For News Media:
Stem Investor Contacts Ted Durbin, Stem Marc Silverberg,
ICR IR@stem.com
Stem Media Contacts Suraya Akbarzad, Stem
press@stem.com
Stem Regional Contacts Anton Raic, Head of Sales EMEA
A.Raic@alsoenergy.com
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