FlexGen Power Systems, Inc.
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FlexGen Power Systems, Inc. - overview
Established
2009
Location
Durham, NC, US
Primary Industry
Oil & Gas
About
Based in North Carolina, US, FlexGen Power Systems, Inc. was founded in 2009 by founder Josh Prueher. Kelcy Pegler is the CEO of the company as of 2021. The firm creates and integrates storage systems as well as the software platform that makes energy transitions possible.
It secured USD 25. 5 million in series A venture capital investment in August 2015. The venture fundraising round was led by Denver-based Altira Group and includes investments from General Electric Ventures and Caterpillar Ventures. As of 2021, the company has raised a total of 5 funding rounds, including its latest funding in August 2021 for USD 150 million.
FlexGen has developed a software platform that allows energy storage owners to use a variety of power market strategies and combine storage and generation. Its platform integrates all levels of utility and microgrid projects, as well as physical energy storage systems (ESS) products, and provides remote operational support and preventative maintenance, as well as use case analysis and ESS sizing and configuration, allowing clients to effectively manage energy production and storage. FlexGen created the FlexGen HybridOS, an energy management system that can automate the dispatch of energy storage, renewable energy, and conventional power generation to improve capabilities and minimize energy costs.
Current Investors
Altira Group, Caterpillar Ventures, GE Ventures
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Renewable Energy, Energy Storage & Batteries
Website
www.flexgen.com
Verticals
Electric & Hybrid Vehicles, Manufacturing
Company Stage
Series C
Total Amount Raised
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