Powerflex Receives A $100M Investment From Manulife Investment Management
12/13/22, 1:06 PM
Location
new yorkMoney raised
$100 million
Industry
energy management
solar
renewable energy
energy
software
Investors
Manulife Investment Management
PowerFlex, an EDF Renewables North America affiliate and leading provider of intelligent solar, storage, and electric vehicle (EV) charging solutions for commercial and industrial customers, today announced a $100 million investment from Manulife Investment Management (Manulife IM) on behalf of investors. With this transaction, Manulife IM holds a minority stake in PowerFlex and has joined its Board of Directors; EDF Renewables retains majority ownership. Manulife IM has also acquired a portfolio of existing operating assets to serve as the basis for a dedicated financing vehicle for future projects.
Company Info
Location
new york, new york, united states
Additional Info
PowerFlex, an EDF Renewables affiliate, is a leading national provider of intelligent onsite energy solutions that support carbon-free electrification and transportation. The Company delivers integrated solar, storage, EV charging, and microgrid systems to businesses and organizations. As a single full-service provider, PowerFlex customizes clean technology solutions to help clients achieve their energy and sustainability goals. Through the comprehensive PowerFlex X platform, PowerFlex leverages patented smart software to control, monitor, and optimize a client's distributed energy resources to reduce cost and maximize return on investment. For more information, visit www.powerflex.com. Connect with us on LinkedIn, YouTube, and Twitter.