Powin Energy

Overview
News
Energy Optimization & Management Software?
Product stageSegments
Growth
?
Battery Management Software
?

Powin Energy is a battery energy storage system (BESS) integrator that specializes in lithium iron phosphate (LFP) battery technology. The company's core offering is its proprietary battery management system (BMS), designed to be scalable for systems up to hundreds of megawatt-hours or even gigawatt-hours capacity. Powin's product lineup includes the Centipede modular grid-scale platform and a range of energy storage rack products. In February 2021, Powin reported having built more than 600MWh of battery storage worldwide, with a global pipeline of 4,000MWh of systems contracted for installation over the next five years. The company has been working on developing a more energy-dense and higher-power BESS product to compete with emerging global providers, particularly from China. Powin's focus on innovation extends to its supply chain strategy, as demonstrated by its use of multiple battery suppliers for large-scale projects like the 850MW/1680MWh Waratah Super Battery in Australia. The company has manufacturing operations in Taiwan and uses contract manufacturing to maintain flexibility in scaling production and evolving its products. Powin Energy has expanded its presence globally, with teams in Australia and Europe, and has secured projects in various countries including the US, Australia, Portugal, and the UK.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Tualatin OR USA
Founded year:
2010
Employees:
251-500
IPO status:
Private
Total funding:
USD 360.0 mn
Last Funding:
USD 200.0 mn (Debt Financing; Oct 2024)
Last valuation:
-
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