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Announced

Completed

Stem completed the acquisition of AlsoEnergy from Clairvest Group for $695m.

Financials

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Transaction Value£524m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

solar PV developer

Friendly

energy assets

Acquisition

Private

Single Bidder

Renewable Energy Equipment

Domestic

Private Equity

Completed

Synopsis

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Stem, a provider of artificial intelligence-driven energy storage software and services, completed the acquisition of AlsoEnergy, a provider of solar asset management software, from Clairvest Group, an equity management firm, for $695m. The transaction will combine Stem’s unique storage optimization capabilities with AlsoEnergy’s market-leading solar asset performance monitoring and control software to deliver a compelling one-stop-shop solution for renewable energy projects. In addition, Stem will offer its smart energy storage solutions to AlsoEnergy’s existing front-of-meter and commercial & industrial customers, who generally have limited storage attachment to their solar assets today. AlsoEnergy will gain earlier visibility into solar plus storage projects through Stem’s extensive customer and partner network.

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