Plus Power develops and operates large-scale battery energy storage systems that enhance grid stability by storing excess energy and providing rapid power during peak demand. Their technology addresses the challenges of aging electrical infrastructure and increasing renewable energy integration, ensuring reliable electricity supply during extreme weather and high consumption periods.
Funding
$98M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GCFounders
Product
Problem
Aging electrical grids and the increasing integration of variable renewable energy sources create challenges in maintaining grid stability and ensuring a reliable electricity supply, especially during peak demand and extreme weather events. The intermittent nature of renewables like solar and wind requires solutions to store excess energy and rapidly dispatch it when needed.
Solution
Plus Power develops, owns, and operates utility-scale battery energy storage systems that enhance grid stability and enable a more efficient and reliable electric grid. Their projects store excess energy and inject it back into the grid during peak demand, storms, and unexpected outages, providing fast-dispatch, flexible resources. These systems offer power plant-like grid services at scale, supporting capacity needs and grid-forming ancillary services while smoothing variable renewable generation and reducing congestion. Plus Power's expertise includes securing battery supply chains to ensure project timelines are met.
Target Audience
The primary customers are utility companies, grid operators (such as ERCOT and ISO-NE), and public power entities seeking to enhance grid reliability, integrate renewable energy sources, and manage peak demand.
Features
- Large-scale lithium-ion battery energy storage systems ranging from 12 MW to 250 MW
- Projects provide load shifting and fast-frequency response services
- Systems enhance grid reliability and accelerate the integration of renewable energy
- Capabilities include black start functionality and grid-forming services
- Projects are strategically located at critical grid interconnection points
- Supply chain expertise ensures timely battery procurement for projects