Powin bankruptcy signals deeper strain in energy storage

Powin, once a major player in battery energy storage, has filed for Chapter 11 bankruptcy in the US, exposing the mounting pressures facing system integrators in today’s volatile energy landscape. The company has warned it could cease operations by late July if conditions don’t improve.

Despite installing over 11GWh globally, including landmark projects in Australia and Taiwan, Powin cited ongoing financial strain, unstable tariff policies, and overreliance on China-based suppliers. These issues reflect broader industry turbulence that could affect the viability of similar integrators navigating supply constraints and policy uncertainty.

In a strategic shift, Powin has spun off its services division into a new entity, Powin Project LLC, led by former Chief Projects Officer Brian Kane. The move aims to preserve operational continuity and customer trust while the parent company restructures.

As the sector scales, stability will depend on resilient supply chains, policy foresight, and financial discipline.

Read the full article to explore what Powin’ s collapse means for energy supply resilience.