Energy Storage Provider Powin Files for Bankruptcy in New Jersey

Powin LLC, an energy storage platform provider, filed for Chapter 11 in New Jersey, according to court documents dated Tuesday.

• The petition lists $100 million to $500 million in estimated assets and liabilities
  • The company significantly reduced its workforce this year, with only about 17% employees remaining compared to the beginning of this year: court documents
• Its equity investors included Greenbelt Capital Partners, Trilantic, and Energy Impact Partners, according to a press release last year
  • READ: Powin Energy Storage Provider Gets $200m Debt Capital From KKR
• The case is Powin LLC, case number 25-16137, in the United States Bankruptcy ...