|Venture Round, 5/2011 |
I2BF Venture Capital
Kleiner Perkins Caufield & Byers
Primus Power is a leader in low-cost, grid-scale energy storage solutions with a scalable, distributed system that economically serves multiple storage applications including transmission capacity, renewable energy integration and frequency regulation. With patent-pending innovations in chemistry, cell design and system engineering, the Companyâ€™s EnergyCell and EnergyPodsâ„¢ products offer exceptional power density and portability at industry-low prices. Primus is the only company to receive government grants from the U.S. Department of Energy (DOE), the Advanced Research Projects Agency â€“ Energy (ARPA-E), and the California Energy Commission (CEC). Its technology stands to revolutionize the economics, stability, and security of the electric grid, while accelerating the incorporation of renewable wind and solar energy.