Primus Power has a low cost, versatile and power dense battery system that economically addresses a wide range of energy storage applications.
Our technology will significantly improve the cost, reliability, environmental footprint & security of the electric grid, and accelerate adoption of renewable wind and solar energy.
We have industry-recognized battery system expertise, strong management experience and top tier investors.
In November 2009 Primus Power was one of sixteen companies selected by the Department of Energy (DOE) to receive a Smart Grid Demonstration Program grant. Our $14M award is part of an overall $47M project to commercialize, deploy and monitor a 25 MW • 75 MWh energy storage system to a California utility where it will firm intermittent wind energy.
In July 2010 we received an ARPA-E grant as part of the Grid-Scale Rampable Intermittent Dispatchable Storage program.
In May 2011 Primus raised $11M in a round of financing. DBL Investors and I2BF Global Ventures joined existing investors Chrysalix Energy Venture Capital and Kleiner Perkins Caufield & Byers.
In August 2011 we finalized our Public Interest Energy Research grant with the California Energy Commission.