Website: [powin.com](https://powin.com) ### Introduction Powin Energy, founded in 1989 as a general contractor before pivoting to energy storage in 2010, is headquartered in Portland, Oregon. The company specializes in providing scalable battery energy storage systems (BESS) for utility-scale, commercial, industrial, and microgrid applications. While specific employee counts are not publicly available in the most recent data, Powin reported potential layoffs of 245 employees in 2025, indicating a significant workforce prior to recent financial challenges [kgw.com](https://www.kgw.com/article/money/business/powin-portland-energy-company-faces-shutdown/283-7c89783f-8326-4283-adb8-53e7d8e7218d). Powin’s mission, as stated on their website, is to advance the next frontier of energy by delivering cost-effective, safe, and scalable storage solutions to support the transition to renewable energy [powin.com](https://powin.com). Powin Energy is a privately held company with no public ticker symbol. Over the years, it has positioned itself as a global leader in energy storage, with a focus on integrated hardware and software solutions. However, the company has recently faced significant financial difficulties, including a Chapter 11 bankruptcy filing in 2025, which has raised questions about its long-term stability [Energy-Storage.News](https://www.energy-storage.news/powin-files-for-chapter-11-bankruptcy-protection-and-spins-off-project-services-business/). ### Key Products and Technology Powin Energy focuses on battery energy storage systems with the following major offerings: - **Powin Stack™ (Battery Energy Storage System)** - **Type**: Modular lithium-ion battery storage system - **Technical Specifications**: Scalable from megawatt-hours (MWh) to gigawatt-hours (GWh), though specific power output and efficiency metrics are not publicly detailed in recent updates. Systems are designed for grid-scale and commercial applications. - **Energy Source**: Lithium-ion batteries, typically charged via renewable sources like solar or wind, or from the grid. - **Key Differentiators**: Modular architecture for easy scalability, streamlined installation process, and integration with Powin’s proprietary software for optimized performance. - **Development Stage**: Fully operational, with over 11.3 GWh of storage projects deployed globally prior to recent financial challenges [Canary Media](https://www.canarymedia.com/articles/energy-storage/powin-bankrupt-grid-batteries). - **Target Customers**: Utilities, commercial and industrial clients, and microgrid operators. - **StackOS™ (Energy Storage Platform Software)** - **Type**: Battery management and energy optimization software - **Technical Specifications**: Provides real-time monitoring, control, and optimization of energy storage systems to maximize efficiency and lifespan. - **Energy Source**: N/A (software platform supporting hardware). - **Key Differentiators**: Vertically integrated with Powin’s hardware for seamless operation, offering predictive analytics and grid support functionalities. - **Development Stage**: Operational and deployed alongside Powin Stack™ systems. - **Target Customers**: Same as Powin Stack™, focusing on entities requiring advanced energy management. ### Regulatory and Licensing Status As a battery energy storage company, Powin Energy does not fall under the purview of nuclear-specific regulatory bodies like the Nuclear Regulatory Commission (NRC). Instead, its operations are subject to local, state, and [[Federal|federal]] energy regulations, including safety and environmental standards for battery systems. There are no specific regulatory milestones or licensing statuses reported in recent data regarding Powin’s products, as the focus has shifted to financial restructuring following its Chapter 11 bankruptcy filing in 2025 [Energy-Storage.News](https://www.energy-storage.news/powin-files-for-chapter-11-bankruptcy-protection-and-spins-off-project-services-business/). The timeline for any new commercial deployments is uncertain due to the company’s current financial status. Prior to bankruptcy, Powin was actively deploying systems globally, but recent developments suggest a pause or slowdown in new projects until restructuring is complete. ### Team and Leadership Current information on Powin Energy’s leadership team is limited due to the company’s recent financial difficulties and lack of updated public disclosures. As of the last available data on their website and LinkedIn profile, key executives included: - **Geoff Brown, CEO**: Led the company’s strategic direction in energy storage solutions. Specific background details are not widely updated in recent sources. - **Anthony Carroll, President**: Oversaw operations and growth initiatives prior to the bankruptcy filing. No verified X handles or recent bios are available in the current public domain for these individuals. Leadership changes may have occurred during the financial restructuring, but such updates are not documented in accessible sources as of December 2025. ### Funding and Financial Position Powin Energy’s financial history includes significant investments, though exact totals for funding raised are not publicly detailed in the latest reports. The company has not disclosed recent funding rounds or specific investor details since its pivot to energy storage. Key institutional backers prior to 2025 are not widely listed in current data. As a private company, Powin does not have a market cap or stock performance data. However, in June 2025, Powin filed for Chapter 11 bankruptcy protection in New Jersey, reporting over $300 million in debt. This filing was part of a strategic effort to address financial liabilities and secure its core business, with a financial advisor appointed to manage the process [Energy-Storage.News](https://www.energy-storage.news/powin-files-for-chapter-11-bankruptcy-protection-and-spins-off-project-services-business/). Posts on X also highlight this bankruptcy, reflecting public awareness of Powin’s financial struggles [X posts]. Revenue status prior to bankruptcy indicated commercial-scale operations with significant deployed capacity (11.3 GWh), but current revenue generation is uncertain amidst restructuring [Canary Media](https://www.canarymedia.com/articles/energy-storage/powin-bankrupt-grid-batteries). ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|---------------------------------------------------------------------------------------------------| | Jul 24, 2025 | Bankruptcy Impact Reported | Powin’s bankruptcy filing jeopardizes 11.3 GWh of global storage projects [Canary Media](https://www.canarymedia.com/articles/energy-storage/powin-bankrupt-grid-batteries). | | Jun 11, 2025 | Chapter 11 Bankruptcy Filing | Powin files for bankruptcy protection to address financial liabilities and spins off project services business [Energy-Storage.News](https://www.energy-storage.news/powin-files-for-chapter-11-bankruptcy-protection-and-spins-off-project-services-business/). | | Jun 3, 2025 | Financial Challenges Acknowledged | Company appoints financial advisor to navigate significant industry headwinds [Energy-Storage.News](https://www.energy-storage.news/powins-significant-financial-challenge-reflective-of-industry-headwinds-company-says/). | | Jun 2, 2025 | Shutdown Warning Issued | Powin warns of potential closure due to market uncertainty and trade policy challenges [Latitude Media](https://www.latitudemedia.com/news/powin-warns-of-shutdown/). | | May 31, 2025 | Layoff Notice | Powin notifies state officials of potential layoffs affecting 245 employees [kgw.com](https://www.kgw.com/article/money/business/powin-portland-energy-company-faces-shutdown/283-7c89783f-8326-4283-adb8-53e7d8e7218d). | | Mar 17, 2025 | Partnership in Brazil | Powin partners with UCB Power to supply utility-scale BESS in Brazil, leveraging local regulatory knowledge [ESS News](https://www.ess-news.com/2025/03/17/ucb-power-powin-to-supply-utility-scale-bess-in-brazil/). | ### Partnerships and Collaborations - **UCB Power (Brazil)**: Announced in March 2025, this partnership aims to supply over 30 MW of battery energy storage systems in Brazil. UCB’s local presence and regulatory expertise enhance Powin’s market entry, though the status post-bankruptcy is unclear [ESS News](https://www.ess-news.com/2025/03/17/ucb-power-powin-to-supply-utility-scale-bess-in-brazil/). - **Historical Partnerships**: Prior to 2025, Powin collaborated with various global entities for grid-scale projects, though specific active agreements are not detailed in recent data due to the focus on financial restructuring. The strategic value of these partnerships lies in expanding Powin’s international footprint and integrating local expertise, but the bankruptcy filing may impact ongoing or future collaborations. ### New Hampshire Relevance Powin Energy’s battery storage solutions could theoretically align with [[New Hampshire]]’s energy needs, particularly for grid stability and renewable integration within the ISO New England (ISO-NE) grid. Proximity to existing infrastructure like [[Seabrook Station]] (a nuclear power plant) is less relevant for BESS compared to nuclear technologies, but Powin’s systems could support grid reliability in the region by storing excess renewable energy or providing backup power. However, Powin’s technology readiness for NH deployment is uncertain due to its current financial instability and bankruptcy proceedings. New Hampshire’s legislative initiatives, such as HB 710 or provisions for advanced energy technologies, do not specifically address battery storage but could encompass such solutions for decarbonization goals. Potential applications in NH include grid power support, data center energy demands, and industrial backup, though no direct connections or expressed interest in the Northeast US are documented in recent data for Powin. The company’s focus prior to bankruptcy was on larger markets like Australia and Brazil, suggesting limited regional prioritization. ### Competitive Position Powin Energy faces competition from other major battery storage providers such as: - **Tesla Energy**: Known for its Megapack systems, Tesla offers similar scalable BESS solutions with strong brand recognition and integration with renewable projects. Tesla’s financial stability provides a significant advantage over Powin’s current challenges. - **Fluence**: A joint venture between Siemens and AES, Fluence offers advanced grid-scale storage solutions with a robust global presence. Its established partnerships and financial backing contrast with Powin’s restructuring phase. - **LG Energy Solution**: A key player in lithium-ion battery technology, LG provides components and systems for storage with a focus on innovation. Its scale and R&D capabilities outpace Powin’s current capacity. Powin’s unique advantage was its vertically integrated hardware-software approach and modular design, but the bankruptcy filing poses a significant risk to its market position and ability to compete effectively in the near term. ### Closing Note Powin Energy, once a leader in scalable battery storage with 11.3 GWh deployed globally, is currently navigating a critical restructuring phase under Chapter 11 bankruptcy, with an uncertain outlook pending financial stabilization. *Report generated December 24, 2025*