FlexGen Power Systems
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| File:FlexGen Primary Logo - Gradient.svg | |
| Company type | Privately Held |
|---|---|
| Industry | Energy Storage |
| Founded | 2009 in Durham, North Carolina, U.S. |
| Headquarters | , United States |
Area served | Worldwide |
Key people | Kelcy Pegler (CEO) Yann Brandt (CFO) Pasi Taimela (CTO) |
| Products | FlexPack SiteController Fleet Manager PowerCloud FlexBidr Digital Twin |
| Website | www |
FlexGen is a United States energy storage technology company. The company is headquartered in Durham, North Carolina and was founded in 2009.
FlexGen is the developer of the FlexGen HybridOS energy management system, which is capable of automating the dispatch of energy storage, renewable, and conventional power generation to provide enhanced capability and lower cost of energy.[1]
FlexGen originally designed energy storage products for the United States Military,[2] these hybrid power systems were sold to the US Marine Corps, US Army, US Navy SEALs, and the Joint Special Operations Forces-Afghanistan. Systems that were fielded in those military branches showed at least 52% reduction in fuel consumption and an 80% reduction in generator runtime.[3]
FlexGen acquired bankrupt US storage company Powin in 2025.[4]
Venture Capital Funding
[edit | edit source]On August 3, 2015, FlexGen Power Systems completed a $25.5M Series A venture capital funding round.[5] Led by Denver-based Altira Group, the venture funding round also included investments from General Electric Ventures and Caterpillar Ventures.[6][7]
On August 25, 2021, it was announced that Apollo Global Management Inc. invested $150M into FlexGen.
References
[edit | edit source]- ^ FlexGen HybridOS
- ^ Battlefield-Tested, Houston’s FlexGen Now Targets Oil & Gas Market
- ^ Getting Fuel Supplies to Troops
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- ^ Fresh off capital raise, Houston energy tech company aims to triple in size
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External links
[edit | edit source]- Energy storage
- Electrical generators
- Energy companies of the United States
- Technology companies of the United States
- Manufacturing companies based in Texas
- Companies based in Houston
- American companies established in 2009
- Energy companies established in 2009
- Manufacturing companies established in 2009
- Non-renewable resource companies established in 2009
- Technology companies established in 2009
- 2009 establishments in Texas
- Petroleum in Texas