Battery storage manufacturer Powin raises $135 million

By John Engel Follow @EngelsAngle

Powin, a manufacturer of battery energy storage systems, has raised $135 million in growth equity.

GIC, Singapore’s Sovereign Wealth Fund led the investment, with participation from Trilantic Energy Partners North America and Energy Impact Partners.

The company provides software and hardware solutions for battery storage and has delivered over 2,500 MW of BESS in 12 states and eight countries.

Powin’s contracted pipeline stands at more than 10,000 MWh for the next two years.

“We look forward to using this investment to empower utilities, IPPs, and other businesses to ensure that no energy is left to waste as we work to mitigate climate change,”

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