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.
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