System integrator Powin Energy has raised US$135 million from its existing shareholders Trilantic and Energy Impact Partners and new investor GIC, just weeks after a Samsung subsidiary took a minority stake.
Geoff Brown, CEO of the the world’s fifth largest battery energy storage system (BESS) integrator Powin Energy, discusses the company’s strategy for the coming years in an interview with Energy-Storage.news.
Renewable energy development company Ameresco has signed a non-exclusive purchasing framework with system integrator Powin Energy, totalling 2.5GWh of Powin’s Stack750 battery energy storage system (BESS) product until 2025.
Norwegian lithium-ion battery gigafactory group FREYR has signed a conditional offtake agreement with energy storage system integrator Powin Energy totalling 28.5GWh over six years.
System integrator Powin Energy has been chosen by Idaho Power to supply 120MW/524MW of battery energy storage system (BESS) projects, the state’s first utility-scale storage.
Powin Energy will purchase lithium iron phosphate (LFP) cells from Chinese company EVE Energy and at the same time is “actively in discussions” to try and source cells from US-based facilities for the future.
Powin Energy has installed battery energy storage systems (BESS) in Israel and Taiwan which, while small by comparison to some of the company’s recent US projects, mark entry into new territories for the Oregon-headquartered system integrator.
