Stem, Inc. Acquires AlsoEnergy
December 16, 2021
Stem, Inc. acquired AlsoEnergy (Also Energy Holdings, Inc.), a global leader in solar asset management software, in a cash-and-stock transaction announced in December 2021 and closed in early 2022. The ~$695 million deal (approximately 75% cash / 25% stock) expands Stem's software capabilities and assets under management, adding ~32–33 GW of solar AUM and broadening cross-sell opportunities across utility and commercial & industrial customers.
- Buyers
- Stem, Inc.
- Targets
- AlsoEnergy (Also Energy Holdings, Inc.)
- Sellers
- Clairvest Group Inc., Clairvest Equity Partners V, AlsoEnergy shareholders (including co-founders Robert Schaefer and Holden Caine)
- Industry
- Renewable Energy
- Location
- Colorado, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Yes Energy Acquires Power Settlements
April 23, 2024
Software
Yes Energy, a Boulder-based power markets data and analytics provider, has acquired Power Settlements, a developer of bid-to-bill software for participants in organized wholesale power markets. The deal combines Yes Energy's ISO market data and analytics with Power Settlements' transaction and settlement tooling to provide an end-to-end workflow for physical and financial power market participants.
-
ALLETE Acquires New Energy Equity Solar Developer
April 15, 2022
Renewable Energy
ALLETE, Inc. signed a definitive agreement to acquire 100% of New Energy Equity LLC, a distributed solar developer, for approximately $165.5 million (subject to working capital adjustment). The transaction was later closed, with ALLETE expanding its sustainability-focused strategy and renewable energy capabilities.
-
Beam Global Acquires AllCell Technologies
February 23, 2022
Energy
Beam Global (Nasdaq: BEEM) entered into a definitive asset purchase agreement to acquire AllCell Technologies in an all-stock transaction, combining Beam’s EV charging and clean-energy products with AllCell’s battery engineering and manufacturing. The deal is intended to secure Beam’s battery supply chain, expand manufacturing and IP capabilities, reduce COGS, and accelerate product development across EV, micro-mobility, aviation and stationary energy markets.
-
The AES Corporation Acquires Community Energy Solar, LLC
December 20, 2021
Renewable Energy
The AES Corporation announced the acquisition of US solar developer Community Energy Solar, LLC, adding the developer's ~10 GW project pipeline and experienced development team to AES's renewables platform. The deal expands AES's US renewables development capability and bolsters its pipeline and workforce as the company pursues further growth in utility-scale solar and storage.
-
SparkCognition Acquires Ensemble Energy
May 19, 2021
Renewable Energy
SparkCognition has acquired Ensemble Energy to integrate the latter’s renewable-energy software and domain expertise into SparkCognition’s AI platform, creating an AI-enabled asset management offering for wind, solar and energy storage. The acquisition expands SparkCognition’s capabilities in renewable asset performance management to help operators reduce costs and increase production.
-
Energy Services Group Acquires Ascent Software Assets from Alpine Energy Systems
July 1, 2019
Cloud & SaaS
Energy Services Group (ESG) expanded its commercial relationship with Nordic Energy Services and acquired the software assets of Alpine Energy Systems, including the Ascent customer and broker portal. The assets add SaaS capabilities — billing, data management, contact-center support, sales management and analytics — to ESG's retail energy platform; terms were not disclosed.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.