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Powin Energy
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Short description

Provider of scaleable battery energy storage systems & green lighting

Founded in 2010
Founded in

Company type Acquired Public (PWON)
Company type

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
TRL Range

Ticker

Headquarters Tualatin, OR Tualatin, United States
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Parent Companies

Updated by Cleantech Group on 10/08/2024

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  • 1 M&A items
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Date Company
05/13/2022

Ameresco Ameresco

Powin and Ameresco have announced a non-exclusive purchasing framework with the goal of improving BESS availability.

Confirmed by Ameresco

Partnerships
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Date Partner Type
03/11/2025
UCB UCB
MOU to grow demand for utility-scale energy storage solutions in Brazil
View source    
Confirmed by UCB
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Investment Rounds
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IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

Ticker symbol

PWON

Exchange listed

Prospectus URL

Prospectus

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Source

Description

Date Investors Type Amount
10/02/2024 KKR KKR (1)
Post-money valuation of
This facility will support Powin's working capital needs, drive innovation, and enhance financial flexibility as it expands its leadership in the storage industry.
Structured Debt $200,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Olympia Energy Storage System

A medium scale (100 kWh) energy storage solution for offices, schools and similarly sized operations.

Pilot/Early Revenue Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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