Geoff Brown, Powin chief executive. (LinkedIn Photo)
New money: Powin, an energy storage company based in Oregon, has received a $135 million investment to continue growing its international business. The company is the world’s fifth largest battery energy storage system integrator, according to a trade journal.
The round was led by GIC, Singapore’s Sovereign Wealth Fund (GIC), with participation from existing lead investors Trilantic Energy Partners North America and Energy Impact Partners. The company did not disclose its total funding, TechCrunch reported.
“We look forward to using this investment to empower utilities, [independent power producers], and other businesses to ensure that no energy is left to waste as we work to mitigate climate change,” said Chief Executive Geoff Brown in a statement.
Quick background: Powin got its start in…