| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Cleantech |
| Collapse type | Fire Sale |
| Founder | Joseph Sawyer |
Powin Energy
"Grid-scale batteries deployed, grid-scale software failures undeployed the company."
Distressed acquisition below last-round valuation
Key Events Timeline
Powin Energy, a Portland-based grid-scale battery energy storage system integrator with over $300M in project contracts, underwent a severe financial crisis in 2023 after its battery management software Stack OS suffered repeated failures across multiple deployed projects.
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