The company offers end-to-end turnkey energy solutions including proprietary lithium-ion battery storage technology and integrated energy-as-a-service contracts, combining the battery tech with its own remote monitoring software.
To date, it is actively managing power at more than 500 sites in 10 countries, including working with major telecommunications and cellphone companies across Latin America.
The company’s proprietary AI-enabled energy management software platform, called Continuo, supports decarbonization by providing real-time system monitoring and peak-usage analysis. This allows users to optimize performance, reducing energy consumption which in turn reduces carbon emissions and operating expenses.
The systems provide not only high energy density, but also intelligent controls that enable seamless switching to backup, the company claimed, and the batteries are compatible either with Caban’s own cabinets or with cabinets from third parties.
In addition to its global expansion play, the funding will also go towards growing its domestic battery manufacturing capacity and expanding its suite of products and services. The company hinted that as a US-based manufacturer, it stands in line to benefit from the Inflation Reduction Act (IRA) incentives for domestic manufacturing, which are already transforming the race to build battery manufacturing capabilities in the country and beyond.