Powin, a company specializing in battery energy storage solutions, has secured a revolving credit facility of up to $200 million, primarily from insurance accounts managed by KKR.
The financing will allow Powin to capture new opportunities in the rapidly expanding global energy storage sector. The company said the facility will be instrumental in supporting its working capital needs, driving continued innovation and further enhancing the company’s financial flexibility as it expands its leadership position in the storage industry.
“We are excited to have KKR, a renowned leader in the investment community, supporting our mission to be the most trusted energy storage partner in the industry,” said Jeff Waters, CEO of Powin. “This facility enables us to accelerate our expansion, drive innovation and maximize value for our customers, reinforcing our commitment to advancing a sustainable energy future.”
KKR joins Greenbelt Capital Partners, Trilantic and En
