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Published: 5 Feb 2021, 12:22
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Image: Powin Energy.
Energy storage system integrator Powin Energy has gained equity investment which the company claimed will allow it to significantly improve its integrated software and hardware platform.
The Oregon-headquartered company has also sold its controlling interest to the two investment groups involved, Trilantic North America and Energy Impact Partners and obtained equity funding which a company representative told
Energy-Storage.news is “in excess of US$100 million”.
Powin has been involved in the energy storage space for nearly a decade as the development arm of a manufacturing company started up in 1989, but pivoted fully into its current role as an integrator of battery energy storage systems in 2017. The company said it has built more than 600MWh of battery storage worldwide and has a claimed global pipeline of 4,000MWh of systems contracted for installation over the next five years.