Plus Power

Plus Power develops battery energy storage systems that enable a more efficient and reliable electrical grid.

General Information
Company Name
Plus Power
Founded Year
2018
Location (Offices)
San Francisco, United States +1
Founders / Decision Makers
Number of Employees
228
Industries
Energy, Renewable Energy, Energy Storage
Funding Stage
Debt Financing
Social Media

Plus Power - Company Profile

Plus Power is a US-based startup founded in 2018 that focuses on developing battery energy storage systems. The company's slogan, "Plus Power develops battery energy storage systems that enable a more efficient and reliable electrical grid," encapsulates its core mission. Led by seasoned executives from the renewables and energy storage industry, Plus Power is primarily focused on accelerating the deployment of transmission-connected battery storage throughout the United States. The company operates at the nexus of energy, technology, and finance, with headquarters in Houston, San Francisco, and New York. In February 15, 2024, Plus Power secured a significant $98.00M Debt Financing investment from Greenprint Capital. The company collaborates with electric utility companies to provide capacity, energy, and ancillary services from energy storage projects, ultimately aiming to reduce operating costs and provide benefits to rate-payers.

With a clear emphasis on promoting a more efficient and reliable electrical grid, Plus Power occupies a promising position within the Energy and Renewable Energy industries, poised for significant growth and impact.

Taxonomy: battery energy storage, electrical grid efficiency, utility-scale energy storage, energy storage projects, transmission-connected battery storage, electric utility partnerships, operating cost reduction, ancillary services, renewable energy executives, energy technology, finance, transmission infrastructure, energy industry

Funding Rounds & Investors of Plus Power (3)

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Funding Stage Amount No. Investors Investors Date
Debt Financing $98.00M 1 Greenprint Capital 15 Feb 2024
Debt Financing $1.80B - 17 Oct 2023
Debt Financing $219.00M 4 Silicon Valley Bank 09 Nov 2021

Latest News of Plus Power

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No recent news or press coverage available for Plus Power.

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