The round was led by GIC, Singapore's Sovereign Wealth Fund (GIC), with participation from existing lead investors Trilantic Energy Partners North America (Trilantic North America) and Energy Impact Partners (EIP). The partnership and investment epitomize Powin's mission to lead the sustainable transformation and decentralization of the world's outdated electrical grids.

Powin is a global leader in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives. Powin has delivered over 2,500 MWh of BESS in 12 states and eight countries and has a contracted pipeline to supply over 10,000 MWh of energy storage systems globally over the next two years.