Plus Power

About Plus Power

Plus Power develops, owns, and operates battery energy storage systems to enhance the efficiency and reliability of the electric grid. Their mission is to transform the electric grid by solving hard grid problems through innovative energy storage solutions that support grid stability during peak demand, storms, and unexpected needs.

Products & Services

Battery Energy Storage Systems:Utility-scale standalone lithium-ion battery systems that store excess energy and release it during peak demand to enhance grid reliability and stability. Projects include Gambit (Angleton, TX), Kapolei (Oahu, HI), Rodeo Ranch (Pecos, TX), Sierra Estrella (Avondale, AZ), and others across the U.S. and Mexico.

Specialties

Battery Energy Storage Systems Grid Stability and Reliability Standalone Energy Storage Fast-Dispatch Energy Solutions Supply Chain Expertise for Battery Procurement

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Tax Equity T: - FT: Tax Equity	A: 160000000 MR: - FA: $160 million FAN: 160000000	D: 2025-11-05 FD: 2025-11-05	1 investors
2	RT: Debt T: - FT: Debt	A: 133000000 MR: - FA: 133 million USD FAN: 133000000	D: 2024-06-13 FD: 2024-06-13	5 investors
3	RT: Tax Equity Investment T: - FT: Tax Equity Investment	A: 82000000 MR: - FA: $82 million FAN: 82000000	D: 2024-05-01 FD: 2024-05-01	1 investors
4	RT: Tax Equity Financing T: - FT: Tax Equity Financing	A: 100000000 MR: - FA: $100 million FAN: 100000000	D: 2024-02-15 FD: 2024-02-15	1 investors

Tax Equity Latest

2025-11-05

$160.0M

1 investor (Pro only)

Debt 2024-06-13

$133.0M

Tax Equity Investment 2024-05-01

$82.0M

View 3 more funding rounds with Pro

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

B

Brandon Keefe

CEO

A

Alex Fraenkel

Executive Vice Chairman

B

Bobby Rudd

Executive Vice Chairman & Head of Investments

O

Oscar Dalton

President

N

Naveen Abraham

Chief Operating Officer

S

Stacy Colby-King

Chief People Officer

View 27 more team members with Pro

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Recent News

Plus Power Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised