Owners
Titan Power Solution is a Russian developer of energy storage solutions. In its products, the company uses supercapacitors - large-capacity electrochemical devices that are used where pulsed short-term energy generation is needed, for example, to start an internal combustion engine.
History
2019: Attraction of RUR 200 mln of investments
On December 25, 2019, Titan Power Solution announced the attraction of $200 million in investments from the Far Eastern High Technology Fund, the Digital Evolution Ventures fund (managed by Orbita Capital Partners, the main investor is Rosatom) and its current shareholder of the I2BF Fund.
The company intends to spend the funds received from investors on expanding the existing serial production, developing innovative products. In addition, they are planned to be invested in the development of business in the Far East and entering new sales markets.
High-tech sources of energy storage are an integral part of new power, and we have identified as a key area of the fund's investments for subsequent implementation in the Far East. Titan Power Solution has developed a system that can be successfully used in areas of the Far East and the Arctic, where extremely low temperatures are recorded. We see the company's potential in the domestic market and the demand for its solutions from a whole pool of large Far Eastern industrial enterprises, "said Ruslan Sarkisov, Director General of the Far Eastern High Technology Fund. |
Supercapacitor systems developed by Titan Power Solution, in particular, are used in uninterrupted power supply systems for industrial facilities. So, in 2019, the company signed a contract with Red Wind B.V. for the supply of power supplies for blade steering control systems for 400 wind power plants.[1]
Notes
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