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Princeton Power Systems
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Manufacturer of state-of-the-art technology for energy storage, microgrids and electric vehicle charging

Founded in 2001
Founded in

Company type Out of Business Public ()
Company type

Industry Group energy & power

Sector energy networks

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 Lawrenceville, NJ Lawrenceville, United States
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Updated by Fal Dieso at Princeton Power Systems on 10/21/2014

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Date Company
01/29/2014

Tesla Tesla

Princeton Power Systems was selected by Tesla to supply power inverters for a highly innovative peak-shaving program in California.

Confirmed by Tesla

Partnerships
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Date Partner Type
06/26/2014
Aquion Energy Aquion Energy
Princeton Power will be partnering with Aquion Energy to construct the Largest AHI battery built to date. The project will showcase the Princeton Power Systems DRI-10 in a fully functioning microgrid at Aquion's Systems Integration Laboratory.
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Confirmed by Aquion Energy
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IPO INFORMATION

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Date Investors Type Amount
01/30/2014 Israel-U.S. Binational Industrial Research and Development Foundation (BIRD) Israel-U.S. Binational Industrial Research and Development Foundation (BIRD) (1)
Post-money valuation of
Princeton Power Systems and EnStorage have been awarded a $950,000 grant from the Israel-U.S. Binational Industrial Research and Development Foundation (BIRD). The grant will support the commercialization and deployment of an energy storage system based on EnStorage's proprietary hydrogen bromide (HBr) flow battery and Princeton Power Systems' inverters and site controller.
Grant $475,000
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Site Controller

The SC has built-in control algorithms to allow participation in ancillary service markets including Area Frequency Regulation, Auto Demand Response, Peak Power Limiting, VAR Support, and others.

Wide Commercial Availability
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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