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CODA Energy
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Designer and manufacturer of energy storage services and products for businesses

Founded in 2013
Founded in

Company type Acquired Public ()
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Industry Group energy & power

Sector energy storage

TRL Range 7-8
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 Monrovia, CA Monrovia, United States
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Updated by Michelle Mapel at CODA Energy on 07/30/2015

Edited by Cleantech Group on 06/09/2021

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Date Company
12/15/2014

South Coast Air Quality Management District (SCAQMD) & CODA Energy South Coast Air Quality Management District (SCAQMD) & CODA Energy

CODA Energy’s 1,054kWh / 510kW energy storage system in partnership with AQMD is comprised of new lithium-iron phosphate electric vehicle (EV) battery cell packs and demonstrates the possibility of second life electric vehicle (EV) battery applications, while providing large-scale peak shaving for the CODA Energy manufacturing facility in Monrovia, CA.

Confirmed by South Coast Air Quality Management District (SCAQMD) & CODA Energy
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Date Partner Type
02/13/2014
Princeton Power Systems Princeton Power Systems
CODA Energy Holdings has selected Princeton Power Systems, Inc. to supply power inverters along with its energy storage product to help curb utility expenses for commercial office buildings in six major market areas.
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Confirmed by Princeton Power Systems
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Date Investors Type Amount
03/11/2014 Fortress Investment Group Fortress Investment Group (1)
Post-money valuation of
Following similar recent moves by competitors Stem and Green Charge Networks, Coda has secured the backing of its parent company, Fortress Investment Group, to finance 100 customer-sited energy storage systems in the next few months at no up-front cost to the customer.
 Project Finance $6,400,000
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Products
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Product image Name Product status Revenue model Cost metrics

CODA Core™ Energy Storage Tower

Our modular, scalable UL Listed 50kWh building block CODA Core™ Tower combines advanced lithium-ion battery cells with proven battery and temperature management systems and an integrated operating system designed to meet growing energy needs – peak shaving, EV charging, renewable micro-grids, and ancillary services.

Pilot/Early Revenue Products - Retail
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