Stem Inc., a global leader in AI-enabled clean energy software, has appointed Albert Hofeldt, PhD, as Chief Technology Officer (CTO). Effective immediately, Dr. Hofeldt will report to interim CEO David Buzby and focus on advancing the company’s AI-driven software solutions for the clean energy market.
Key Highlights:
- Leadership and Experience:
- Dr. Hofeldt has been with Stem since 2022, previously serving as Executive Vice President (EVP) of Technology. His leadership has been pivotal in the company’s technology innovation, particularly in AI, machine learning, IoT, and energy markets.
- Prior to joining Stem, Hofeldt held senior leadership roles at LiquidX and Genscape, bringing extensive expertise in cloud platforms and digital transformation.
- Focus on Software Strategy:
- As CTO, Hofeldt will lead the integration of Stem’s PowerTrack™ and Athena® platforms into a unified solution. This new platform will focus on asset management and optimization for solar and storage assets, along with other emerging technologies.
- Hofeldt’s success with cloud architectures and multi-cloud systems will be essential in accelerating Stem’s AI-enabled software strategy, which is central to the company’s growth and profitability.
- Expanded Software Capabilities:
- Under his leadership, Stem will continue to enhance its award-winning AI-driven clean energy software, focusing on improving PowerTrack™ Asset Performance Management (APM), PowerBidder™ Pro, and the user experience of its integrated platforms.
- Stem aims to expand its AI capabilities for electrification, positioning itself as a transformative leader in smart trading platforms and clean energy optimization.
- Vision for the Future:
- Hofeldt expressed excitement for the future of renewables and the transformative role Stem will play. His vision aligns with current market trends and emerging technologies, further strengthening Stem’s position as a market leader.
With Albert Hofeldt’s appointment as CTO, Stem Inc. is poised to accelerate the delivery of its advanced AI-driven software solutions, furthering its leadership in the clean energy space. His expertise in AI, cloud technology, and software innovation will drive Stem’s growth and profitability as it continues to pioneer new solutions for renewable energy.