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Flexgen Announces $100 Million Series C To Power Continued Growth

Jul 19, 2022•almost 3 years ago

Amount Raised

$100 Million

Round Type

series c

DurhamNatural ResourcesEnergySustainabilityData And AnalyticsSoftware

Description

FlexGen Power Systems, Inc. ("FlexGen", or the "Company"), a leading integration services and software technology provider for energy storage solutions in the U.S. and globally, today announced the close of a $100 million Series C Investment round. The investment is anchored by Vitol, the largest independent energy trading company globally, in partnership with existing investors

Company Information

Company

FlexGen

Location

Durham, North Carolina, United States

About

This latest round of investment expands the advantaged position that FlexGen has with our customers across the utility, IPP, and co-op markets," said Kelcy Pegler, CEO of FlexGen. FlexGen is the leader in energy storage solutions, and we look forward to supporting the company's international expansion through our global footprint, as well as providing battery optimization solutions for FlexGen's customers," said R. Andrew de Pass, Head of Renewables, Vitol Inc. FlexGen is the leading integration services and software technology provider for energy storage solutions in the U.S. and globally.

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