Powin Files for Chapter 11 Bankruptcy Protection and Spins Off Project Services Business
By Andy Colthorpe
June 11, 2025
US battery storage system integrator Powin has filed for Chapter 11 bankruptcy in a New Jersey court. The company and its debtors sought relief under the US Bankruptcy Code on June 9 and 10 in the United States Bankruptcy Court for the District of New Jersey. A hearing is scheduled for tomorrow, June 12, at 9:30 AM before Judge Michael B. Kaplan to address First Day Matters.
Powin, headquartered in Oregon, announced that this decision is part of a strategic effort to manage its financial liabilities and stabilize its core business. Chapter 11 allows companies to propose a reorganization plan to continue operations while paying off creditors. Court documents identified Powin LLC and eight other debtors, including Powin China Holdings 1 and 2, as well as a subsidiary in Ontario, Canada.
The signs of trouble at Powin became apparent late last month when the company notified authorities in Oregon about the potential layoff of 250 employees, including its CEO and other executives. This notification indicated that Powin could cease operations by July 28 if its business conditions do not improve. In a statement sent to Energy-Storage.news shortly after the notification, Powin attributed its “significant financial challenge” to ongoing difficulties in the broader energy storage sector.
Initially, Powin focused on developing battery energy storage system (BESS) projects before shifting towards system integration and assembly. The company sources cells from various providers to create its two BESS hardware solutions: the Powin Pod and Centipede. These systems are integrated with its StackOS energy management system (EMS) and control software. To date, Powin has successfully launched over 11 GWh of projects globally, with an additional 6 GWh currently under construction.
Despite its international project portfolio, which includes the 1,680 MWh Waratah Super Battery and the 300 MWh Ulinda BESS in Australia, a significant portion of Powin’s orders appears to be concentrated in the United States. The company’s statement also referenced uncertainties surrounding US import tariffs and future tax credit incentives as additional industry challenges.
In conjunction with its Chapter 11 filing, Powin announced the creation of a new entity, Powin Project LLC, which will encompass its existing monitoring and energy services operations. Brian Kane, the current Chief Projects Officer, has been appointed as the CEO of this new business. Kane described this launch as “a pivotal moment for Powin,” emphasizing that structuring the organization around their services business during this critical transition will help preserve the value they have built, ensure reliable performance for customers, and position the company for long-term success.
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