KKR: provides Powin with a revolving credit facility

(CercleFinance.com) - Powin announces that it has secured a $200 million revolving credit facility, primarily from KKR, to support its working capital needs and strengthen its innovation.


This financing will enable Powin to accelerate its expansion into the energy storage sector, a fast-growing market with a projected global capacity of 100 GWh by 2024.

Powin CEO Jeff Waters said the partnership would reinforce the company's commitment to a sustainable energy future.

The financing reflects the confidence of investors, including Greenbelt Capital Partners, Trilantic and Energy Impact Partners.

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