FlexGen Power Systems
Founded Year
2009Stage
Series C | AliveTotal Raised
$286.14MLast Raised
$100M | 1 yr agoAbout FlexGen Power Systems
FlexGen Power Systems is a company that focuses on energy management, specifically within the battery storage sector. The company offers an integrated energy storage system and a software platform, HybridOS, which manages battery storage in a user-friendly and reliable manner. FlexGen primarily serves sectors that require large-scale energy storage solutions. It was founded in 2009 and is based in Durham, North Carolina.
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ESPs containing FlexGen Power Systems
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Grid storage providers are companies that offer energy storage solutions for power grids. These solutions can help balance the supply and demand of electricity, improve grid stability, and integrate renewable energy sources. Grid storage providers typically offer a range of technologies, including batteries, flywheels, and pumped hydro storage.
FlexGen Power Systems named as Leader among 15 other companies, including Powin, Ambri, and Form Energy.
FlexGen Power Systems's Products & Differentiators
Battery Energy Storage Systems (BESS)
FlexGen provides "full wrap" or "procurement only" of Battery Energy Storage Systems ranging in size from 150kW to 450MW+.
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Research containing FlexGen Power Systems
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned FlexGen Power Systems in 1 CB Insights research brief, most recently on Apr 19, 2023.
Expert Collections containing FlexGen Power Systems
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
FlexGen Power Systems is included in 5 Expert Collections, including Grid and Utility.
Grid and Utility
1,675 items
Companies that are developing and implementing new technologies to optimize the grid and utility sector. This includes, but is not limited to, distributed energy resources, infrastructure security, utility asset management, grid inspection, energy efficiency, grid storage, etc.
Energy Storage
1,238 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Auto Tech
1,408 items
Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.
Energy Management Software
610 items
Companies creating software to help manage, optimize, and automate energy management and optimization.
Decarbonization Tech
616 items
Companies in the Decarbonization & ESG space, including those working on enterprise and cross-industry decarbonization and emissions monitoring solutions, as well as ESG monitoring and carbon accounting.
FlexGen Power Systems Patents
FlexGen Power Systems has filed 11 patents.
The 3 most popular patent topics include:
- energy storage
- electrical engineering
- electric power distribution
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
2/6/2019 | 8/16/2022 | Energy storage, Analog circuits, Electrical engineering, Electronic circuits, Linear filters | Grant |
Application Date | 2/6/2019 |
|---|---|
Grant Date | 8/16/2022 |
Title | |
Related Topics | Energy storage, Analog circuits, Electrical engineering, Electronic circuits, Linear filters |
Status | Grant |
Latest FlexGen Power Systems News
Nov 21, 2023
Author of the article: Article content DURHAM, N.C. — Stationary battery manufacturer Hithium has signed an initial cooperation agreement with FlexGen, the leading energy storage software integration and service provider. The companies agreed to purchasing targets over the next three years, with the North Carolina-based FlexGen aiming to support the procurement of 10 GWh of battery capacity from Hithium either through project efforts or indirectly from partners utilizing FlexGen’s energy management system (EMS), the HybridOS software and controls. At the same time, Hithium committed to the goal of securing, directly or through partners, FlexGen’s EMS for projects with a combined 15 GWh of capacity. Advertisement 2 THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. or Article content Try refreshing your browser, or Hithium and FlexGen Sign Cooperation Agreement Back to video As part of the agreement, FlexGen will also be an authorized service provider for Hithium in the United States, accelerating the speed of service to asset owners and enhancing asset uptime. Keeping energy storage assets available for owners is a key shared value described by both parties. Article content Hithium Head of Global Business Mizhi Zhang commented: “We are very excited for the opportunity to work more closely with the team at FlexGen and benefit from their expertise in the U.S. energy storage market. The cutting-edge capabilities of their EMS will also bring significant added value to our product offering.” Yann Brandt, Chief Commercial Officer of FlexGen said: “FlexGen and our partners share the vision of flexible, high performance battery storage assets. Hithium’s technology, tailor-made for utility-scale storage, packaged with our HybridOS operating system, provides great value to our mutual customers.” FlexGen designs multi-megawatt energy storage systems, integrated with its proprietary energy management system, the HybridOS, along with managing procurement, testing, commissioning, and offering monitoring and maintenance services. Hithium manufactures high-efficiency battery products, from cells like its 314 Ah with an 11,000-cycle life, to energy storage systems including its newly released 5 MWh ∞block. Based in Xiamen, China, with operations in the U.S., Australia, UAE, and Europe, the company has shipped 11 GWh of capacity since being founded in 2019. About HiTHIUM Founded in 2019, HiTHIUM is a leading manufacturer of top-quality stationary energy storage products for utility-scale as well as commercial and industrial applications. With four distinct R&D centers and multiple “intelligent” production facilities, HiTHIUM’s innovations include groundbreaking safety improvements to its lithium-ion batteries as well as increases in lifecycle. With many decades of cumulative experience in the field among its founders and senior executives, HiTHIUM leverages its specialization in BESS to deliver partners and customers unique advances in energy storage. The company is based in Xiamen, China, with further locations for production, research, or sales in Shenzhen, Chongqing, Munich, and California. HiTHIUM has shipped 11 GWh of battery capacity, 5 GWh in 2022 alone, and is expanding its production capacity to 70 GWh by the end of 2023. Advertisement 3 Article content About FlexGen Power Systems, Inc. Based in Durham, N.C., FlexGen is a leading integration services and software technology provider for energy storage solutions in the United States and globally. FlexGen designs and integrates storage solutions and the software platform that is enabling today’s energy transition. Leveraging its best-in-class energy management software and digital controls, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. The company‘s clients and partners include the most technically and commercially demanding developers, utilities, government agencies and industrial companies in the world. To learn more, visit www.site.flexgen.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20231121630058/en/ Contacts
FlexGen Power Systems Frequently Asked Questions (FAQ)
When was FlexGen Power Systems founded?
FlexGen Power Systems was founded in 2009.
Where is FlexGen Power Systems's headquarters?
FlexGen Power Systems's headquarters is located at 280 S. Mangum Street, Ste. 150, Durham.
What is FlexGen Power Systems's latest funding round?
FlexGen Power Systems's latest funding round is Series C.
How much did FlexGen Power Systems raise?
FlexGen Power Systems raised a total of $286.14M.
Who are the investors of FlexGen Power Systems?
Investors of FlexGen Power Systems include Vitol Group, Altira Group, GE Ventures, Caterpillar Ventures and Apollo Global Management.
Who are FlexGen Power Systems's competitors?
Competitors of FlexGen Power Systems include One-Cycle Control and 4 more.
What products does FlexGen Power Systems offer?
FlexGen Power Systems's products include Battery Energy Storage Systems (BESS) and 1 more.
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Compare FlexGen Power Systems to Competitors
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