Stem's PowerTrack™ deployment at the Granja Solar project in Chile establishes a model for future solar and battery storage projects in key regional markets

Company Website: https://www.stem.com
HOUSTON -- (Business Wire)

Stem, Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced that Copec Flux, the renewable energy subsidiary of Copec S.A., is deploying Stem’s PowerTrack™ Energy Management System (EMS) at the Granja Solar project in Chile. This development expands Stem’s Latin America footprint and represents a meaningful step into the region’s utility-scale hybrid market.

The Granja project is an existing 135 MW PV project that Copec is retrofitting with a 420 MWh BESS to create a hybrid solar-plus-storage facility that allows Copec to supply energy to the national energy grid at more valuable times. As part of that expansion, Stem’s PowerTrack Energy Management System (EMS) will serve as the site’s master control system, providing the controls architecture needed to manage the integrated asset.

Stem will provide its PowerTrack edge and cloud solutions to support site-level monitoring, controls, and operational visibility. The project will demonstrate how PowerTrack can unify data, improve oversight, and support more effective operation of solar and storage assets, while Copec Flux provides local market expertise, delivery capabilities, and operational support.

“Partnering with Copec expands the reach of PowerTrack into key Latin American markets,” said Matt Tappin, President of Software at Stem. “Beginning with Granja Solar, we have an opportunity to show how advanced monitoring and controls software can help customers improve visibility, streamline operations, and build a stronger foundation for long-term asset performance.”

Copec Flux operates as an independent power producer and also provides EPC and O&M services across its renewable energy portfolio. That combination of asset ownership, local execution, and operational capability makes Copec Flux both a strong customer for Granja and an important collaborator as Stem develops a scalable model for localized delivery and support in Latin America.

“The model we’re developing at Granja Solar reflects where the energy transition in the region is heading: increasingly integrated, intelligent, and flexible renewable energy projects. By incorporating advanced control systems, we are able to manage energy more efficiently, delivering greater stability and value to the electrical system. This partnership with Stem combines cutting-edge technology with the local execution and operational expertise of Copec, further strengthening our position as a strategic partner for Chile,” said Leonardo Ljubetic, Chief Development Officer at Copec.

As Stem continues to expand in the region, Granja Solar is expected to serve as a reference point for future hybrid projects requiring advanced onsite controls, monitoring, and operational coordination. The companies see potential to extend this delivery model across additional projects in Chile and Colombia as demand grows for more integrated solar and storage solutions.

For more information on Stem and the PowerTrack Suite, visit stem.com.

About Stem

Stem (NYSE: STEM) is a global leader reimagining technology to support the energy transition. We turn complexity into clarity and potential into performance.

Stem helps asset owners, operators, and energy stakeholders unlock the full value of their portfolios by enabling the intelligent development, deployment, and operation of clean energy assets. Stem’s integrated software suite, PowerTrack™, is the industry-standard and best-in-class platform for asset monitoring and optimization and is backed by expert professional and managed services, all delivered under one roof. Designed to address complex energy challenges seamlessly, our technology transforms raw data into clear, actionable insights, providing the visibility and intelligence needed to drive performance. With projects across 55 countries, customers have trusted Stem for nearly 20 years to maximize the value of their clean energy investments.

Driven by human and artificial intelligence, Stem is unlocking energy intelligence. Learn more at stem.com.

About Copec and Copec Flux

Copec is one of Chile's leading energy companies, with nearly 90 years of experience serving individuals, businesses, and industries across the country. Historically recognized for its leadership in fuel distribution and convenience services, the company is evolving into a broader energy and mobility platform, with growing investments in renewable energy, electromobility, and energy storage. As part of this strategy, its subsidiary Copec Flux develops, builds, and operates solar and energy storage projects across Chile, delivering integrated clean energy solutions for utility-scale, commercial, and industrial customers. Through its nationwide footprint, operational capabilities, and long-term commitment to innovation and sustainability, Copec seeks to play a key role in accelerating Chile’s energy transition and development.

Forward-Looking Statements

This press release, as well as other statements we make, contains “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “predict,” “plan,” “potential,” “projected,” “projections,” “forecast,” “estimate,” “intend,” “anticipate,” “ambition,” “goal,” “target,” “think,” “should,” “could,” “would,” “will,” “hope,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about our business strategies and those of our customers; our ability to retain or upgrade current customers, and our ability to further penetrate the Latin American market or expand into new markets. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results or outcomes to differ materially from those expressed or implied by such forward-looking statements, including but not limited to our operational and strategic initiatives; including from our cost reduction, workforce reduction and restructuring efforts; our inability to successfully execute on our strategy; the effects of the One Big Beautiful Bill on our business and that of our customers; disruptions in sales, production, service or other business activities; general macroeconomic and business conditions in key regions of the world, including inflationary pressures, general economic slowdown or a recession, high interest rates, changes in monetary policy, changes in trade policies, including tariffs or other trade restrictions or the threat of such actions, and instability in financial institutions; the direct and indirect effects of widespread health emergencies on our workforce, operations, financial results and cash flows; geopolitical instability, such as the armed conflict between Russia and Ukraine, the U.S.-Israel war with Iran and conflicts in the Gaza Strip and nearby areas; the results of operations and financial condition of our customers; pricing pressures; severe weather and seasonal factors; our inability to continue to grow and manage our growth effectively; our inability to attract and retain qualified employees and key personnel; our inability to comply with, and the effect on our business of, evolving legal standards and regulations, including those concerning data protection, consumer privacy, sustainability, and evolving labor standards; risks relating to the development and performance of our software-enabled services; our inability to retain or upgrade current customers, further penetrate existing markets or expand into new markets; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties discussed in this release and in our most recent Forms 10-K, 10-Q and 8-K led with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, our actual results or outcomes, or the timing of these results or outcomes, may vary materially from those reflected in our forward-looking statements. Forward-looking statements and other statements in this release regarding our environmental, social, and other sustainability plans and goals are not an indication that these statements are necessarily material to the Company, investors, or other stakeholders, or required to be disclosed in our lings under U.S. securities laws or any other laws or requirements applicable to the Company. In addition, historical, current, and forward-looking environmental, social, and sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Forward-looking statements in this press release are made as of the date of this release, and the Company disclaims any intention or obligation to update publicly or revise such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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Contacts:

For News Media:
Stem Investor Contacts
Erin Reed, Stem
Marc Silverberg, ICR
IR@stem.com

Stem Media Contact
Tatjana Legans, Stem
press@stem.com

Source: Stem, Inc.