Primus Power

company

About

Primus Power manufactures big batteries for the Smart Grid and scalable energy storage in a Zinc Bromine flow battery.

  • 11 - 50

Details

Last Funding Type
Series C
Last Funding Money Raised
$20M
Industries
Battery,CleanTech,Energy,Manufacturing,Renewable Energy
Founded date
Mar 1, 2009
Number Of Employee
11 - 50
Operating Status
Active

Primus Power is a privately held, Northern California based producer of flow batteries: Big Batteries for the Smart Grid. These patented, liquid batteries provide flexible capacity from 25kW to 25MW, for stationary, grid scale applications. Primus' EnergyPod provides 5 hours of energy discharge and a long twenty year life span. These Zinc Bromine batteries are safe and low maintenance. The company has systems installed and working in the field both domestically and internationally and has a growing backlog. The second generation EnergyPod 2 announced production February 21, 2017 with a reduced footprint, low cost of goods, and high reliability components to deliver superior power density.

The company has proven technology with installed systems that are working in the field. Investors include Nancy Pfund at DBL Investors, Vancouver based Chrysalix Energy VC, I2BF, Palo Alto based Kleiner Perkins, Anglo American, Rusnano, and Kazyna Capital Management.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$52M
Primus Power has raised a total of $52M in funding over 2 rounds. Their latest funding was raised on Mar 26, 2017 from a Series E round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 26, 2017 Series E $32M 1 Detail
Feb 4, 2014 Series C $20M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
Primus Power is funded by 2 investors. Success Dragon and US Department of Energy are the most recent investors.
Investor Name Lead Investor Funding Round
Success Dragon Series E
US Department of Energy Series C