FlexGen Power Systems
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 FlexGen Logo | |
| Type | Privately Held |
|---|---|
| Industry | Energy Storage |
| Founded | Durham, North Carolina, U.S. 2009 |
| Team | Kelcy Pegler (CEO) Yann Brandt (CFO) Pasi Taimela (CTO) |
| Headquarters | Durham, North Carolina, U.S. |
| Area served | Worldwide |
| Products | FlexPack SiteController Fleet Manager PowerCloud FlexBidr Digital Twin |
| Website | www.flexgen.com |
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.<ref name="aogr">FlexGen HybridOS</ref>
FlexGen originally designed energy storage products for the United States Military,<ref name="xconomy1">Battlefield-Tested, Houston’s FlexGen Now Targets Oil & Gas Market</ref> 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.<ref name="military">Getting Fuel Supplies to Troops</ref>
Venture Capital Funding
On August 3, 2015, FlexGen Power Systems completed a $25.5M Series A venture capital funding round.<ref name="oilonline">FlexGen Power Systems secures US$25.5 million in financing</ref> Led by Denver-based Altira Group, the venture funding round also included investments from General Electric Ventures and Caterpillar Ventures.<ref name="hbj">Fresh off capital raise, Houston energy tech company aims to triple in size</ref><ref name="catfunding">Caterpillar.com - FLEXGEN® POWER SYSTEMS ANNOUNCES $25.5 MILLION SERIES A FUNDING WITH ALTIRA GROUP, GE VENTURES, AND CATERPILLAR VENTURES</ref>
On August 25, 2021, it was announced that Apollo Global Management Inc. invested $150M into FlexGen.
