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flexenergy.com

Stage

Private Equity | Alive

Total Raised

$47.44M

About FlexEnergy

FlexEnergy manufactures small natural gas turbines. Flex's gas turbines provide highly reliable, low maintenance clean power and heat to customers globally, often in remote areas where the electrical grid can be unreliable, expensive or absent altogether. Each FlexEnergy turbine also features patented Recuperator technology, which can also be applied to a wide range of devices to improve system efficiency. Together with a wide range of fuel tolerance, these features have led to exceptional uptime performance, particularly in remote oilfields both domestic and abroad, using unprocessed field gas that is otherwise flared. Flex turbines have been employed in a variety of applications including oilfield well-site power generation, midstream compressor stations, industrial power generation and combined heating and power. Flex's turbine fleet has registered in excess of three million operating hours since commercial inception.

FlexEnergy Headquarter Location

30 New Hampshire Ave

Portsmouth, New Hampshire, 03801,

United States

877-477-6937

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FlexEnergy Patents

FlexEnergy has filed 6 patents.

The 3 most popular patent topics include:

  • Energy recovery
  • Fluid dynamics
  • Heat exchangers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/1/2019

10/12/2021

Fluid dynamics, Heat exchangers, Thermodynamics, Energy recovery, Gas technologies

Grant

Application Date

4/1/2019

Grant Date

10/12/2021

Title

Related Topics

Fluid dynamics, Heat exchangers, Thermodynamics, Energy recovery, Gas technologies

Status

Grant

Latest FlexEnergy News

FlexEnergy Green Solutions seeks to raise up to $25.6M in IPO

Jan 31, 2022

Prykhodov/iStock via Getty Images FlexEnergy Green Solutions (NASDAQ: FLXE ) has filed to raise up to $25.6M though an initial public offering. The greentech company said in a filing that it plans to offer 2.2M units in the range of $8 to $10 per unit. The underwriter has been granted a 30-day option to buy 333,333 additional shares and/or warrants at the public price to cover any overallotments. It added that it has been approved to list its shares on Nasdaq under the symbol FLXE. Roth Capital Partners is serving as lead bookrunner on the deal. FlexEnergy manufactures, sells and leases energy solutions aimed at lowering customers’ environmental footprints. The company’s lead product is the Flex Turbine generator, which can be fired by waste gas from landfills and natural gas. The company also offers heat recovery products such as high efficiency fuel cells. The company is still operating in the red. FlexEnergy reported a net loss of $7.1M on revenue of $23.3M for 2020, compared with a net loss of $10.9M on revenue of $25.4M for 2019. According to SA contributor Donovan Jones, FlexEnergy has “significant customer concentration." To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.

FlexEnergy Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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FlexEnergy Rank

  • Where is FlexEnergy's headquarters?

    FlexEnergy's headquarters is located at 30 New Hampshire Ave, Portsmouth.

  • What is FlexEnergy's latest funding round?

    FlexEnergy's latest funding round is Private Equity.

  • How much did FlexEnergy raise?

    FlexEnergy raised a total of $47.44M.

  • Who are the investors of FlexEnergy?

    Investors of FlexEnergy include Intervale Capital, SAIL Capital Partners, RNS Capital Partners and U.S. Department of Defense.

  • Who are FlexEnergy's competitors?

    Competitors of FlexEnergy include Fulcrum BioEnergy, Moixa, Proton Energy Systems, Tempronics, Renew Financial and 12 more.

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