Press Release

Kirkland Counsels Trilantic North America on Investment in Energy Storage Company Powin

Kirkland & Ellis advised Trilantic North America as lead investor with Energy Impact Partners on an agreement to acquire a controlling interest and significant equity funding for Powin Energy Corporation (Powin), a global leader in the design and manufacture of safe and scalable battery energy storage solutions. 

Headquartered in Tualatin, Oregon, Powin has built over 600 MWh of systems, supporting 54 projects in 10 states and 8 countries, and has a contracted pipeline to supply over 4,000 MWh of energy storage systems globally over the next five years. This transaction will enable Powin to accelerate its growth plans, while enhancing its bankability profile and solidifying its position as a leader in the energy storage market.

Read Powin’s press release

The Kirkland team was led by transactional partners Jhett Nelson and Shubi Arora and associate Zach Savrick; and included transactional partner Will Mabry and associates Abbey Zuech, Mya Johnson, Tess Dennis, Kate Schorken and Colton Lyons; tax partner Vincent Thorn and associate Aime Salazar; technology and IP transactions partners Matt Lovell and Shellie Freedman and associate Alex Barata; executive compensation partner Stephen Jacobson and associates Jabir Yusoff and Julia Lee; environmental transactions partner Paul Tanaka and associate Ty’Meka Reeves-Sobers; labor and employment partner R.D. Kohut and associate Jackson Phinney; employee benefits partner Alex Mihalas and associate Jack Amaro; and transactional liability insurance partner Hayley Hollender.