Powin Raises $153M Funding From Singapore’s Gic, Trilantic North America And Energy Impact Partners
07/14/22, 12:05 PM
Location
tualatin
Money raised
$153 million
Powin, an energy storage technology developer, said today it has raised $135 million in funding led by Singapore’s sovereign wealth fund GIC, with participation from existing investors Trilantic Energy Partners North America and Energy Impact Partners (EIP).
Company Info
Location
tualatin, oregon, united states
Additional Info
Powin is a global leader in cost-effective, safe and scalable energy storage systems. The Powin Stack™ and StackOS™ energy storage platform is a vertically integrated and purpose-built solution for the demands of utility-scale, commercial and industrial, and microgrid applications. Powin's Stack hardware also features a modular architecture and streamlined installation process allowing for efficient scaling from MWhs to GWh scale. Behind Powin's industry-leading products is an unrivaled team of experts from across the energy industry, almost three decades of supply chain management expertise and extensive battery management software development proficiency.
Headquartered in Greater Portland, Oregon, Powin provides the large-scale energy storage systems that are essential for utilities, IPPs and project developers as they develop the highly flexible and reliable grid of the future. Powin's business model, which spans from battery cell procurement through project operation, allows the company to control the full integration of its systems, closely manage assembly costs, control quality, and have certainty around supply chain. To date, Powin has installed or delivered over 2.5 GWh of energy storage projects, and coupled with its contracted sales pipeline, will exceed 10 GWh by 2023