Powin Raises $135M in Growth Equity Funding
- Powin, a Portland, OR-based provider of energy storage solutions, raised $135M in Growth Equity funding
- The round was led by GIC, Singapore’s Sovereign Wealth Fund (GIC), with participation from Trilantic Energy Partners North America (Trilantic North America) and Energy Impact Partners (EIP)
- The company intends to use the funds to scale its global manufacturing, further develop its suite of products, and support its relationship with international suppliers
- The company is a global leader in the design and manufacture of safe and scalable energy storage hardware and software solutions
- The company has delivered over 2,500 MWh of BESS in 12 states and eight countries and has a contracted pipeline to supply over 10,000 MWh of energy storage systems globally over the next two years
