Stem’s AlsoEnergy Ranked #1 in Solar and Storage Monitoring and Control by Guidehouse Insights
August 02 2022 - 8:35AM
Business Wire
AlsoEnergy’s PowerTrack application and
services support the entire energy stakeholder value chain,
lowering cost of ownership while increasing operational
excellence
AlsoEnergy, a Stem (NYSE: STEM) company, and a leading
edge-to-cloud clean energy optimization platform provider, today
announced that it has been ranked #1 in Guidehouse Insights’ Solar
and Storage Monitoring and Control Vendors report. AlsoEnergy’s
edge-to-cloud platform, led by its flagship application PowerTrack,
and professional services were recognized by Guidehouse as key
differentiators over other vendors for supporting the entire energy
stakeholder value chain. As part of the report, Guidehouse
highlighted that advanced monitoring and controls (M&C)
technologies and services increase efficiency, lower emissions
across hybrid renewable energy systems, and bring more flexibility
and resilience to clean power generation. As the industry leader,
AlsoEnergy provides a vertically integrated optimization platform
that enables businesses to standardize their entire clean energy
portfolio, including utility-scale, commercial and industrial
(C&I), and aggregated residential assets on one
application.
Per Guidehouse Insights, the convergence of several renewable
energy drivers, including the ever-increasing demand for scalable
solar and storage, operational efficiency with proven economic
value, and grid reliability and security, has created a need for
deep insights, flexibility, and scalability that only fully
integrated M&C solutions deliver. To meet these market needs,
AlsoEnergy couples PowerTrack with its edge solutions to provide
data analytics and visualization that enable owners and operators
to make intelligent decisions for improved energy and financial
performance as they manage and grow their clean energy
portfolios.
“As solar plus storage system deployments continue to increase,
the market requires flexibility and efficiency from its systems and
this can only be achieved with insights into system performance,”
said Maria Chavez, Research Analyst at Guidehouse Insights.
“AlsoEnergy provides the market with a vertically-integrated
solution for monitoring and control capabilities, across varied
application segments, giving the company an edge in the market and
an innovative approach for the future of monitoring and
control.”
“Our ranking as the top solar and storage monitoring and control
vendor by Guidehouse Insights, a leading clean energy market
intelligence expert, demonstrates AlsoEnergy’s commitment to
providing technology that empowers energy stakeholders,” said Bob
Schaefer, President of AlsoEnergy. “Throughout our 15 years as an
M&C provider, we have always known that our success is measured
by our customers’ success. That is why we have continually focused
on lowering their cost of ownership while increasing operational
excellence. Now, together with Stem, we are combining our
collective experience of over 33 gigawatts of renewable energy
assets in 55 countries worldwide to continue to provide customers
with advanced solutions and services in an increasingly complex
energy market.”
Out of 20 vendors, AlsoEnergy ranked #1 in the Guidehouse
Insights Solar and Storage Monitoring and Control Vendors
Leaderboard. More specifically, AlsoEnergy scored high rankings
across all Product Portfolio and Product Performance categories for
its edge-to-cloud clean energy optimization platform, including its
PowerTrack application and edge solutions for monitoring and
controls. Guidehouse Insight’s Solar and Storage M&C vendors
are evaluated on strategy (vision, go-to-market strategy, partners,
production strategy, technology, and geographic reach) and
execution (sales, marketing, distribution, product performance,
product quality and reliability, product portfolio, pricing, and
staying power). In addition to being ranked #1 in the 3Q 2022 Solar
and Storage Monitoring and Control Vendors Leaderboard, AlsoEnergy
was previously ranked number #1 in the 2Q 2020 Solar PV Monitoring
and Control Vendors Leaderboard.
About AlsoEnergy
From its founding, AlsoEnergy has been a leader in edge-to-cloud
portfolio management solutions that make clean energy more
resilient, manageable, and scalable. With the clean energy economy
offering unprecedented opportunities, AlsoEnergy empowers
businesses to rapidly scale and confidently optimize their clean
energy portfolios with distributed assets in utility, C&I, and
aggregated residential. PowerTrack, AlsoEnergy’s flagship portfolio
management application for users throughout the value chain, drives
insightful decisions that improve business efficiencies and
financial and energy performance. AlsoEnergy’s dedicated team with
deep industry expertise provides tailored solutions throughout the
lifetime of clean energy assets. AlsoEnergy was recently acquired
by Stem, the leader in smart energy storage, and is now a
wholly-owned subsidiary of Stem. For more information, visit
www.alsoenergy.com.
About Stem
Stem (NYSE: STEM) provides solutions that address the challenges
of today’s dynamic energy market. By combining advanced energy
storage solutions with Athena®, a world-class AI-powered analytics
platform, Stem enables customers and partners to optimize energy
use by automatically switching between battery power, onsite
generation, and grid power. Stem’s solutions help enterprise
customers benefit from a clean, adaptive energy infrastructure and
achieve a wide variety of goals, including expense reduction,
resilience, sustainability, environmental and corporate
responsibility, and innovation. Stem also offers full support for
solar partners interested in adding storage to standalone,
community or commercial solar projects – both behind and in front
of the meter. Stem is a leader in the solar asset management space,
bringing project developers, asset owners and commercial customers
an integrated solution for solar and energy storage management and
optimization. For more information, visit www.stem.com.
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Media Contacts
Guidehouse Insights Media Contact Cecile Fradkin
+1.646.941.9139 cfradkin@scprgroup.com
AlsoEnergy/Stem Media Contacts Jessica Fishman,
AlsoEnergy jessica.fishman@alsoenergy.com
Suraya Akbarzad, Stem press@stem.com
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