Powin, a Portland, OR-based company which specializes in battery energy storage solutions, raised $200M in Debt Capital from KKR.
The facility will be instrumental in supporting the company’s working capital needs, driving innovation, and further enhancing its financial flexibility.
Led by CEO Jeff Waters, Powin aims to ensure access to clean power. With 17 GWh of projects deployed and under construction, it is an energy storage provider dedicated to providing end-to-end energy storage solutions, offering integrated battery solutions, software, and services to optimize grid performance and enable the transition to cleaner energy sources.
Commenting on the news, Jeff Waters said: “This facility enables us to accelerate our expansion, drive innovation, and maximize value for our cust.”
Equity investors in the company include Greenbelt Capital Partners, Trilantic, and Energy Impact Partners.
FinSMEs
03/10/2024