FlexGen Power Systems
| Company type | Private |
|---|---|
| Industry | Energy storage technology |
| Founded | 2009 |
| Headquarters | Durham , United States |
| Products | FlexGen HybridOS (energy management platform) |
| Website | www |
FlexGen is an American company specializing in energy storage technology, with its main office located in Durham, North Carolina. The company was established in 2009.
The firm created the FlexGen HybridOS, an energy management platform that automates the coordination of energy storage, renewable sources, and traditional power generation to improve performance and lower energy expenses.
Initially, FlexGen focused on producing energy storage solutions for the U.S. Military. It provided hybrid power systems to branches including the US Marine Corps, US Army, US Navy SEALs, and Joint Special Operations Forces in Afghanistan. These solutions achieved a minimum of 52% fuel savings and reduced generator operation time by 80%.
Venture Capital Funding
FlexGen secured $25.5 million in a Series A funding round on August 3, 2015. This round was led by Denver-based Altira Group and included investments from General Electric Ventures and Caterpillar Ventures.
Later, on August 25, 2021, Apollo Global Management contributed $150 million in investment to FlexGen.
External links
- Articles with short description
- 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