Powin Energy
Powin Energy was a Portland, Oregon-based integrator of utility-scale battery energy storage systems (BESS) serving utilities, independent power producers, and developers. Founded in 2013, the company filed Chapter 11 in June 2025 and sold its assets to FlexGen Power Systems in August 2025.
- Company typePrivate
- Founded2013
- HeadquartersTualatin, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Powin Energy does
Powin Energy was a Portland, Oregon-based integrator of utility-scale battery energy storage systems (BESS), founded in 2013 and operating until its June 2025 Chapter 11 filing. The company's core offering centered on containerized lithium-ion BESS products, culminating in the Pod Max — a 6.26 MWh per-unit system introduced in May 2025 — designed for grid-scale applications including renewable integration, peak shaving, and grid stability. Powin acquired Spain-based EKS Energy in September 2022 and GPTech in December 2022 to vertically integrate power conversion and grid optimization capabilities into its hardware stack. The company sold primarily through enterprise field sales to utilities, independent power producers, and project developers, securing reference deployments with BHE Renewables (Berkshire Hathaway Energy), DTE Energy, Galp in Portugal, and an undisclosed titanium producer in West Virginia. Geographic reach spanned more than 10 countries with over 2 GWh deployed across North America, Europe, and Brazil.
Powin's go-to-market was project-based and hardware-led, with revenue driven by custom quote-based contracts for utility-scale installations rather than recurring software or service revenue (though a services entity was formed during bankruptcy to maintain installed systems). The company raised $135 million in growth equity from GIC in July 2022 and secured a $200 million revolving credit facility from KKR in October 2024, but was unable to convert capital into a sustainable operating model. Powin held approximately $300 million in unsecured debt and approximately 250 jobs at the time of its Chapter 11 filing, citing high interest rates, import tariffs, and federal policy uncertainty as proximate causes. In August 2025, FlexGen Power Systems acquired Powin's intellectual property, hardware, software, IT systems, and spare parts inventory out of bankruptcy for approximately $36 million, with Powin ceasing to operate as an independent entity.
Powin Energy firmographics
Firmographics- Name
- Powin Energy
- Legal name
- Powin, LLC
- Website
- https://powin.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- Powin Energy was a Portland, Oregon-based integrator of utility-scale battery energy storage systems (BESS) serving utilities, independent power producers, and developers. Founded in 2013, the company filed Chapter 11 in June 2025 and sold its assets to FlexGen Power Systems in August 2025.
- Ownership category
- akta.pro rank
Powin Energy industry classification
Industry- Product category
- Battery Energy Storage Systems
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- BESS OEMs (Containerized Systems, Racks, Turnkey Solutions) (EUAFAAAC)
- akta.pro secondary industries
- Utility-Scale BESS EPC & Integration (EUAEAEAA), Energy Management Systems (EMS), SCADA & Dispatch/Optimization Software for Storage (EUAFAAAF), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)
Keywords
Where Powin Energy is headquartered
LocationHeadquarters
- HQ city
- Tualatin
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Powin Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Battery Energy Storage Systems: Sale of utility-scale battery energy storage systems and integrated solutions to utilities, developers, and independent power producers
- Energy Storage Services: Service business entity formed during bankruptcy proceedings, led by Brian Kane, to continue servicing existing installations
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Powin Energy product offering
Product offeringCore offering
Powin Energy designed, manufactured, and integrated utility-scale containerized battery energy storage systems (BESS) for grid, renewable integration, and microgrid applications. Its flagship offering was the Pod Max, a 6.26 MWh containerized BESS providing more power and capacity in the same footprint as prior generations, sold to utilities, independent power producers, and project developers globally.
Product overview
Powin Energy is a provider of energy storage solutions. The company's product portfolio centers on its containerized battery energy storage systems (BESS), including the Pod Max product (6.26 MWh capacity). The offering consists of hardware-based BESS products designed for utility-scale and grid applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Pod Max
- Utility-Scale Energy Storage Solutions
Quantifiable outcome
- 6.26 MWh capacity in single containerized unit
- +1 more outcomes
Companies that use Powin Energy
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Powin Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Powin Energy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered strategic and core.
- UCB PowerstrategicPowin and UCB formed a partnership to scale Brazil's energy storage market, combining Powin's BESS technology with UCB's local market expertise to deploy utility-scale storage projects.
- CirculorstrategicPowin partnered with Circulor to advance battery passports for utility-scale energy storage systems, providing supply chain traceability and supporting compliance with emerging regulations on battery materials sourcing.
- GalpcorePowin and Galp delivered a utility-scale battery system to the Alcoutim Solar Park in Portugal, representing one of Powin's significant European deployments.
- BHE RenewablescorePowin was selected by BHE Renewables, a Berkshire Hathaway Energy business, to provide energy storage for one of the world's largest solar and storage microgrids.
- DTE EnergycorePowin's advanced battery technology was integrated into a new DTE Energy storage center in Michigan, part of the conversion of a coal plant to battery storage.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
Powin Energy competitors and assessment
Company assessmentDirect peers
- Fluence Energy: Public pure-play utility-scale BESS integrator offering turnkey containerized systems, software, and services. Most directly comparable to Powin in customer base (utilities, IPPs, developers), product (containerized BESS), and GTM (direct enterprise sales).
- Tesla Energy (Megapack): Tesla's Megapack business designs and deploys utility-scale containerized lithium-ion BESS. Competes head-to-head with Powin/Pod Max on capacity per container, time-to-deploy, and large utility RFPs.
- Sungrow Power Supply: Chinese-headquartered power electronics and BESS OEM with strong global utility-scale presence. Competes with Powin on containerized BESS, PCS, and integrated storage solutions for utility and C&I customers.
- Wartsila Energy Storage: Wartsila's GridSolv and GEMS Digital Energy Platform target utility-scale BESS with integrated software. Comparable in serving IPPs, utilities, and grid operators globally, with similar hardware-plus-software positioning.
- BYD Energy Storage: Vertically integrated battery and BESS manufacturer with utility-scale containerized products (Battery-Box, CUBE). Competes with Powin on price, vertical integration, and global utility project wins.
- Saft (TotalEnergies): French battery and energy storage company owned by TotalEnergies, serving utility-scale and industrial BESS markets. Comparable product portfolio (containerized lithium-ion storage) and customer overlap with European utilities.
Emerging players
- Stem Inc: Smart energy storage and AI-driven software provider focused on C&I and utility markets. Overlaps with Powin in EMS software and project deployment, but with stronger emphasis on behind-the-meter C&I customers.
- Eos Energy Enterprises: Long-duration zinc battery storage provider targeting utility-scale projects. Competes in the same RFPs as Powin but with differentiated battery chemistry and longer-duration positioning.
Broad incumbents
- Yokogawa Electric: Industrial automation incumbent with energy management and SCADA offerings (e.g., FAST/TOOLS) relevant to BESS control and grid integration. Adjacent to Powin via EKS Energy's PCS and grid optimization capabilities.
- ABB (Electrification): Global electrification and grid solutions provider offering PCS, microgrid controllers, and energy storage integration. Broad incumbent in the same utility BESS ecosystem as Powin, though not specialized in containerized BESS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Powin Energy social profiles
Digital presencePowin Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Powin Energy leadership team
Management profileNumber of profiles
Profiles4 records
Powin Energy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Powin Energy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Powin Energy
What does Powin Energy do?
Powin Energy designed, manufactured, and integrated utility-scale containerized battery energy storage systems (BESS) for grid, renewable integration, and microgrid applications. Its flagship offering was the Pod Max, a 6.26 MWh containerized BESS providing more power and capacity in the same footprint as prior generations, sold to utilities, independent power producers, and project developers globally.
Is Powin Energy a public or private company?
Powin Energy is a private company. It is classified as venture growth investor backed and is currently acquired.
When was Powin Energy founded?
Powin Energy was founded in 2013. It employs 501 to 1,000 people.
Where is Powin Energy based?
Powin Energy is headquartered in Tualatin, United States, in the North America region.
How does Powin Energy make money?
Two revenue lines are on record. Battery Energy Storage Systems are the primary driver. The others are energy Storage Services.
Who are Powin Energy's main competitors?
Direct peers on record are Fluence Energy, Tesla Energy (Megapack), Sungrow Power Supply, Wartsila Energy Storage, BYD Energy Storage and Saft (TotalEnergies). Emerging players are Stem Inc and Eos Energy Enterprises. Broad incumbents are Yokogawa Electric and ABB (Electrification).
Does Powin Energy have an API?
No public API is recorded for Powin Energy.
What industry is Powin Energy in?
Powin Energy's product category is Battery Energy Storage Systems. Its primary akta.pro industry code is EUAFAAAC, BESS OEMs (Containerized Systems, Racks, Turnkey Solutions), with a secondary code of EUAEAEAA, Utility-Scale BESS EPC & Integration. Its NAICS code is 33591 and its SIC code is 3600.