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Company	PowerGenix
Short Description	The world leader in NiZn batteries worldwide. Using our proprietary technology we are enabling a transition to green, safe, efficient, and cost-effective energy storage.
Status	Acquired
Year Founded	2000
Industry Group	energy & power
Sector	energy storage
TRL Range	9
Country	United States
Nbr Employees	51-100
Revenue Range
Total Equity Capital Raised	$88.55M
Last Stage Capital Raised	Growth Equity round of $10M 2014
Investors	Technology Partners, Granite Ventures, Braemar Energy Ventures, Bessemer Venture Partners, Arsenal Venture Partners, Angeleno Group, Advent International, Element Partners, Qiming Venture Partners, DBL Partners, Birchmere Ventures, Arsenal Capital Partners, Blue Earth

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The world leader in NiZn batteries worldwide. Using our proprietary technology we are enabling a transition to green, safe, efficient, and cost-effective energy storage.

Founded in 2000

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Company type Acquired Public ()

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Industry Group energy & power

Sector energy storage

TRL Range 9

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters San Diego, CA San Diego, United States

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Updated by Tod Higinbotham at PowerGenix on 07/26/2015

Edited by Cleantech Group on 08/17/2021

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1 customers
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9 partnerships
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8 financing events

34 investors

1 products

1 M&A items

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Date		Company
		Can't find a company? Add a company Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
07/01/2012		Millennium Power Solutions Millennium Power Solutions MPS uses PowerGenix' Nickle-Zinc (NiZn) batteries in its intelligent energy storage systems. Confirmed by Millennium Power Solutions	Learn more	Delete

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07/01/2012

Millennium Power Solutions Millennium Power Solutions

MPS uses PowerGenix' Nickle-Zinc (NiZn) batteries in its intelligent energy storage systems.

Confirmed by Millennium Power Solutions

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	Can't find a partner? Add one Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
07/16/2014	Blue Earth Blue Earth Blue Earth and PowerGenix Enter Multi-Year Joint Product Development and International Master Agent Agreements View source Confirmed by Blue Earth	Development Partner	Delete

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Date	Investors	Type	Amount
	Can't find an investor? Add an investor Valuation Description 400/400 characters left Related press release or article about this deal Cancel Save
09/17/2014	Blue Earth Blue Earth (1) Post-money valuation of Blue Earth has invested $10 million for a minority stake in PowerGenix. As a result of the deal, Blue Earth also receives exclusive marketing rights for PowerGenix battery platforms. (source)	Growth Equity	$10,000,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Cells 4 different models for UPS suppliers, automotive systems, peak and load shaving ancillary grid storage markets and battery backup systems	Wide Commercial Availability		$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Cells

4 different models for UPS suppliers, automotive systems, peak and load shaving ancillary grid storage markets and battery backup systems

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The world leader in NiZn batteries worldwide. Using our proprietary technology we are enabling a transition to green, safe, efficient, and cost-effective energy storage.

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