Plus Power builds and operates large-scale battery energy storage systems that improve grid reliability and efficiency. Its standalone storage projects store excess electricity and release it when needed to support utilities, grid operators, and renewable developers. The company’s products provide services such as fast frequency response, virtual inertia, and blackstart, and it earns revenue from selling storage capacity and ancillary services in wholesale energy markets. Compared with competitors, Plus Power emphasizes US-focused siting optimization to maximize long-term value and environmental stewardship, backed by a broad portfolio (over 7,000 MW) across 20 states and participation in nearly all major RTO markets. Its goal is to enable reliable, flexible grid operation and renewable energy integration through scalable, utility-grade storage solutions.
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$233M
Headquarters
San Francisco, California
Founded
2018
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