News & Press Releases

Primus Power Announces Completion of $32M Financing Round

HAYWARD, CA, March 23, 2017 – Today Primus Power (“Primus”), a leader in stationary energy storage systems, announced that it has secured $32 million in equity financing. New investors include Hong Kong’s Success Dragon (HKG:1182) and Matador Capital, the investment office of a well known Saudi family. Existing investors Anglo American Platinum, DBL Partners, I2BF and the Russia Kazakhstan Nanotechnology Fund also participated

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Primus Power Announces EnergyPod 2 · a Breakthrough in Low cost, Long-Duration Energy Storage

HAYWARD, CA, February 21, 2017 – Today Primus Power (“Primus”) announced production of EnergyPod 2, the second generation of its long duration, fade-free flow battery. Primus’ stationary battery systems serve the energy storage needs of corporations and utilities. With a five-hour duration and lab-certified 20-year life, EnergyPod 2 delivers a total cost of ownership up to 50% less than leading conventional lithium-ion battery systems

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Primus Power Presents Innovative Energy Storage System, Sets Goal to Conquer Asia

ASTANA – Primus Power, a provider of long-life and long-duration energy storage systems, is working on its second project in Kazakhstan with Samruk Energy, a subsidiary of the Samruk Kazyna Sovereign Wealth Fund. Primus Power’s innovative EnergyPod has been used to deal with specific energy issues internationally, and now will be showcased as one of the best energy storage solutions at the upcoming EXPO 2017

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ESTCP 2016 Project-of-the-Year Award for Energy and Water for Miramar MicroGrid November 28, 2016

The project successfully demonstrated the microgrid controller’s ability to integrate and control the ESS, PV system and facility loads while connected to and islanded from the grid. This project was conducted at Marine Corps Air Station (MCAS) Miramar

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Primus Power Selected to Showcase Energy Storage Systems at EXPO 2017

Today, Primus Power announced that it has been selected to exhibit its energy storage solutions at Expo 2017, an International Exposition scheduled to take place between June 10 and September 10, 2017 in Astana, Kazakhstan. The theme for this World’s Fair is Future Energy. The exhibition aims to showcase modern technologies in the global economy that provide “Solutions for Tackling Humankind’s Greatest Challenge.” The participating e...

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Uncle Sam's battery bank: ARPA-E spurs commercialization of innovative storage technology

ARPA-E is celebrating a birthday. The federal research and development program – ARPA-E stands for Advanced Research Projects Agency-Energy – is seven years old. Since 2009, ARPA-E has provided $1.3 billion in funding to more than 475 projects. Of those, 45 have gone on to raise $1.25 billion in publicly-reported private sector funding

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Microsoft Partners with Primus Power to Drive Energy Innovation at Datacenters

At a White House event honoring clean energy innovators, Primus Power and Microsoft announced a program to advance energy storage at datacenters globally. The program will be carried out in collaboration with NRG Energy, the University of Texas at San Antonio, and battery technology providers, including Primus Power. This pilot program is part of a broader focus by Microsoft, as part of its datacenter strategy, to explore next genera...

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Primus Power's Microgrid Highlighted as a Leading Energy Solution

Ellen Williams, Director of the Advanced Research Projects Agency Energy, talks about leading energy technologies and highlights Primus Power and Raytheon for their role in advancing US & global energy solutions

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Bill Gates Thinks Flow Batteries are a Breakthrough Energy Technology

In launching the Breakthrough Energy Coalition Bill Gates identified flow batteries as a promising technology. “Unlike lithium-ion batteries, a flow battery could last for decades and the rechargeable electrolyte liquid could last indefinitely. Many working prototypes use vanadium, a relatively rare element, as the active electrolyte. Future systems will need to use a more easily available electrolyte before they are commercially fe...

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Israel Chemicals installs Primus Battery in Rancho Cucamonga

Israeli specialty minerals giant, ICL, named its Rancho Cucamonga plant in Southern California as ICL’s first manufacturing site to deploy Primus Power’s energy storage system. ICL is a premier supplier of bromine, an essential mineral used in high performance flow batteries

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Primus Raises $25M in Series D Financing

Primus Power secured $25 million in financing for its Series D funding round. Additionally, Primus announced a strategic agreement with Samruk-Energy, the principal electricity provider in the Republic of Kazakhstan. As part of the multi-year agreement, Samruk-Energy plans to purchase Primus systems totaling 25 MW / 100 MWh – representing 1,250 batteries

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Challenges of Energy Storage: Developing Financing and Market Structures

Batteries – the workhorse technology that injects life into gadgets we can’t live without – are taking on a bigger role as they replace petrol tanks in cars and make their way into homes and businesses to store electricity from rooftop solar panels or the grid

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Primus executed Strategic Agreement with Samruk-Energy

At the Astana Economic Forum VIII Samruk-Energy, the leading electricity generator in Kazakhstan, and Primus Power formed a strategic partnership which calls for the delivery of pilot EnergyPods® in early 2016 followed by the organization of a joint venture for the production and supply of energy storage systems in the Republic of Kazakhstan

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EPA Administrator awards Miramar’s energy savings and technical innovations

The US Environmental Protection Agency Administrator Gina McCarthy visited the Marine Core Air Station in Miramar, California to award the base the 2015 EPA Federal Green Challenge Energy Award. Miramar was the federal facility with the highest percentage reduction in energy use among 400 sites. Ms. McCarthy’s speech was held in front of the Primus EnergyPod®

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Primus Power CEO named a 2015 Smart Grid Pioneer

Smart Grid Today named the 50 Smart Grid Pioneers of 2015 today, which includes Primus Power’s CEO Tom Stepien. Tom is featured alongside other smart grid visionaries who are described by Smart Grid Today as “the best and brightest smart grid industry stakeholders succeeding at tackling many of the complexities in digitizing the power distribution world, some of which could barely be imagined just a decade ago.”

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Primus Power and Raytheon Demonstrate Solar + Storage Microgrid System and Control

Primus and Raytheon have successfully demonstrated an advanced microgrid system capable of islanded operation using stored and high penetration renewable solar energy. The testing effort, conducted at NREL’s Energy Systems Integration Facility, proved the ability for an energy storage system-driven microgrid with conventional photovoltaic (PV) inverters to achieve 100% PV penetration while retaining the power quality needed to satisf...

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Grid-Scale Energy Storage: a $68B Market over the Next 10 Years

Primus and Raytheon have successfully demonstrated an advanced microgrid system capable of islanded operation using stored and high penetration renewable solar energy. The testing effort, conducted at NREL’s Energy Systems Integration Facility, proved the ability for an energy storage system-driven microgrid with conventional photovoltaic (PV) inverters to achieve 100% PV penetration while retaining the power quality needed to satisf...

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Primus is a Platts Global Energy Award Finalist

Platt’s Global Energy Awards recognizes companies that have demonstrated excellence in leadership, innovation and performance in the energy industry. Primus is a finalist for the second year in a row

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ARPA-E Encourages Crazy Ideas' to Find Disruptive Energy Technology

The same GPS technology that guided smart bombs during Operation Desert Storm in 1991 is now in your smart phone and there are numerous additional examples of technology borne from US Defense Department innovators – Defense Advanced Research Projects Agency (DARPA) – that exploded (pardon the pun) into mainstream commercial applications. Well, if it worked for defense projects, why not use the same model to halt the erosion of US sci...

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Sanmina and Primus Power announce manufacturing agreement to produce grid-scale energy storage systems

Sanmina Corporation (Nasdaq: SANM) and Primus Power today announced a manufacturing agreement focused on the growing energy storage market. As part of the agreement, Sanmina will assemble and test EnergyPods at its Silicon Valley manufacturing facilities

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The Year Energy Storage Hit Its Stride

The energy storage sector is finally poised to begin making its mark, driven by greater policy support and technological advances that have begun making new solutions economic

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CalCharge: the center of gravity for energy storage technology

Primus Power is a founding corporate member of CalCharge, a pioneering initiative designed to accelerate the development of the energy storage sector in California

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California's Energy Storage Bet

California is offering businesses large incentives for coming up with successful, large-scale electricity storage systems, betting that creating demand will lead to workable and economic new technologies

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Primus Power secures $20M in first close of series C funding

Primus Power’s C round includes substantial investment by South Africa’s Anglo American Platinum. Funds support first product shipments in 2014

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California Adopts Historic Energy Storage Targets

The California Public Utilities Commission set a target for California investor owned utilities to procure 1,325 MW of cost effective energy storage by 2020. The target, which is the largest of its kind worldwide, is set to increase California’s installed energy storage capacity six fold from its current 35 MW

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Primus is a Platts Global Energy Award Finalist

Platt’s Global Energy Awards honors and recognizes those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry. This year Primus is a finalist in the Rising Star Company category

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Energy Storage: the Next Big Thing

Platt’s Global Energy Awards honors and recognizes those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry. This year Primus is a finalist in the Rising Star Company category

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