Mainspring Announces Deal with Lineage Logistics to Deploy up to 150 Mainspring Linear Generators; Raises Over $150 Million in Series E Round
Summary
"Mainspring Chief Commercial Officer Jim Dawe said, "Lineage is a global business leader and role model actively demonstrating how resilient energy and sustainability work together to drive growth and profitability. "The Mainspring products fuel-flexibility, combined with its dispatchability - the ability to ramp up and down quickly and complement the inherent variability of solar and wind power - along with easy siting and permitting, gives commercial, industrial, and utility customers alike unprecedented adaptability in making investments and moving towards decarbonizing their operations. Commercial and industrial uses include firming rooftop solar, providing prime and/or backup power, managing demand spikes, lowering and controlling electricity costs, and serving as the backbone of local microgrids. Applications for utility and other grid-side customers include grid-edge resilience, displacing diesel backup generators and peaker plants, EV fleet charging, and avoiding expensive transmission and distribution infrastructure costs. "Weve achieved this together with pioneering customers like Lineage and the backing of some of the worlds top venture, strategic, and financial investors, all of whom are deeply dedicated to addressing climate change in meaningful ways.