Clairvest Group Inc. successfully exited its investment in Also Energy Holdings, Inc. through a sale to Stem, Inc. for approximately US$350 million, marking a significant milestone in the rapidly growing solar energy sector.

Target Information

Also Energy Holdings, Inc. (AlsoEnergy) is a prominent provider of solar energy solutions, specializing in software, hardware, and support services for a diverse range of markets, including residential, commercial & industrial, and utility-scale solar installations. Founded with a vision to enhance the effectiveness and reach of solar energy technology, AlsoEnergy has quickly established itself as a leader in its field since Clairvest Group Inc. first invested in the company four years ago.

The company has seen significant growth and innovation under Clairvest's stewardship, developing a comprehensive platform that integrates advanced technologies to streamline solar project management and optimize performance. This strategic focus on innovation has strengthened AlsoEnergy’s position within an increasingly competitive market.

Industry Overview

The solar energy industry in the United States has been experiencing rapid growth, fueled by increasing demand for sustainable energy solutions and favorable government policies. As of early 2022, the sector has benefitted from significa