Tualatin clean tech firm secures $25M

Tualatin clean tech firm secures $25M

Powin Energy Corp. secured a $25 million investment from a Hong Kong-based manufacturer to develop its battery storage technology.

SF Suntech Inc., a Delaware-based subsidiary of Shunfent Photovoltaic International Ltd., which is traded on the Stock Exchange of Hong Kong Ltd., will invest $25 million in Powin’s energy subsidiary, Powin Energy Corp., in a deal that promises to give the company access to Chinese markets.

Officials declined to say what share of the company is at stake in the current deal, but said it is a “significant” investment in the long-term growth of a company that is advancing the state of energy storage battery technology.

Read more at Portland Business Journal