Plus Power logo — Plus Power develops battery energy storage systems that enab...

Plus Power

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

Founded 2018 United States San Francisco, United States 228 employees Debt Financing Total: $2.12B Energy, Renewable Energy +1

General Information

Company Name Plus Power
Founded Year 2018
Location United States San Francisco, United States
Employees 228
Industries Energy, Renewable Energy, Energy Storage
Funding Stage Debt Financing
Social

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About Plus Power

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.

Business keywords: 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 (3)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $98.00M 1
Greenprint Capital
15 Feb 2024
Debt Financing $1.80B -
17 Oct 2023
Debt Financing $219.00M 4
KeyBank, Mizuho Securities Principal Investment +2
09 Nov 2021

Plus Power Alternatives & Competitors

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Plus Power vs
Fourth Power
Fourth Power United States

Energy Storage that Grows with the Grid

Series A
35 employees
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Plus Power vs
Power Edison
Power Edison United States

Dynamic Mobile Battery Energy Storage

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Plus Power vs
Connected Energy
Connected Energy United Kingdom

A world-leading manufacturer of battery energy storage systems using second life EV batteries 🔋⚡

Venture round
45 employees
Energy, Renewable Energy

FAQ About Plus Power

Plus Power develops battery energy storage systems that enable a more efficient and reliable electrical grid.
Plus Power was founded in 2018.
Plus Power is headquartered in San Francisco, United States.
Plus Power operates in Energy, Renewable Energy and Energy Storage. Its work centres on battery energy storage, electrical grid efficiency, utility-scale energy storage and energy storage projects.
Plus Power has approximately 228 employees.
Plus Power has completed 3 funding rounds, raising a total of $2.12B. The latest funding stage is Debt Financing.
Top alternatives and competitors to Plus Power include Fourth Power, Power Edison, Connected Energy, Hecate Grid, esVolta, LP. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Plus Power and Fourth Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Plus Power, https://bouncewatch.com/company/plus-power, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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