Primus Power Raises $25M in Series D

What does Primus Power do?

Primus Power, is a leader in grid scale energy storage technology. It provides energy storage solutions such as renewable energy integration, transmission capacity and frequency regulation. It provides low cost grid scale energy with scalable, distributed system which economically serves multiple storage applications. Its EnergyPodsa and EnergyCell, products offer exceptional power density and portability at industry low costs.

How much Primus Power was funded?

Primus Power raised $25M in Series D funding on September 9, 2015 from Chrysalix Energy Venture Capital (Lead), DBL Partners, Russia-Kazakhstan Nanotechnology Fund, Anglo American Platinum and I2BF Global Ventures

Previous funding

$41M in Series A round on April 12, 2010 from Chrysalix Energy Venture Capital Partner: Charles Haythornthwaite

$11M in Venture round on May 31, 2011 from Chrysalix Energy Venture Capital Partner: Charles Haythornthwaite, I2BF Venture Capital, DBL Investors and Kleiner Perkins Caufield & Byers

$20M in Series C funding on February 4, 2014 from Anglo American

$10M in Series C on September 30, 2014 from Chrysalix Energy Venture Capital Partner: Charles Haythornthwaite.

What is next for Primus Power?

Primus Power is joining forces with RKNF to accelerate its product shipments in North America to respond to the important needs in countries with good renewable energy plans such as Kazakhstan and form strong tech partnerships with innovative  companies such as Samruk-Energy.

More about Primus Power

Primus Power was founded on August 4, 2009 by Rick Winter. The company has its headquarters in Hayward, CA. It is a leader in distributed, cost effective energy storage for improving the electric security and stability. This is the only company which received government grants from the U.S. Department of Energy, The California Energy Commission and The Advanced Research Projects Agency Energy. Its technology is revolutionizing the stability, economics and security of the electric grid, while accelerating the incorporation of renewable solar and wind energies.