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Powin's senior lender has appointed Jerry Uzzi as independent manager of the company. Image: Powin

Powin’s ‘significant financial challenge reflective of industry headwinds,’ company says

June 3, 2025
A financial advisor has been appointed to manage US energy storage system integrator Powin, with the company “navigating a period of significant financial challenge”.
Peninsula Clean Energy CEO Shawn Marshall cuts the ribbon to inaugurate a solar PV carport project in Los Banos, California, with the city's mayor Michael Amabile earlier this year. Image: Peninsula Clean Energy
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California CCA’s contract for KKR-owned BESS includes protections for tariff, tax credit risk

May 28, 2025
Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.
BII and Norfund executives with InidiGrid CEO Harsh Shah (centre) launching EnerGrid at COP29. Image: IndiGrid

IndiGrid launches India BESS platform with British, Norwegian government co-investors at COP29

November 13, 2024
India Grid Trust (IndiGrid) and development finance institutions from Great Britain and Norway have launched a transmission and battery storage development platform.
Image: Powin.

KKR provides US$450 million debt financing for US BESS firms Powin and Peregrine

October 3, 2024
KKR has closed debt financing transactions with battery storage system integrator Powin and developer Peregrine Energy Solutions.

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Powin files for Chapter 11 bankruptcy protection and spins off project services business

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California Energy Commission public information meeting for Engie BESS project draws huge interest

Powin could cease operations by end of July if ‘present business circumstances do not improve’

Texas governor Greg Abbott signs law establishing decommissioning procedures for BESS

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