GIC Leads $135M Growth Investment in Powin LLC
July 14, 2022
Powin LLC, a US-based designer and manufacturer of grid-scale energy storage systems, received a $135 million growth equity investment led by GIC with participation from Trilantic Energy Partners North America, Energy Impact Partners, and Samsung Ventures. The capital will be used to scale Powin's global manufacturing, further develop its product suite and software, and support supply-chain and international growth.
- Buyers
- GIC, Trilantic Energy Partners North America, Energy Impact Partners, Samsung Ventures
- Targets
- Powin LLC
- Industry
- Renewable Energy
- Location
- Oregon, United States
- Transaction Type
- Growth capital
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