FlexGen Energy Methods, a battery integrator and supplier of vitality administration software program, will purchase a considerable portion of Powin’s enterprise, after large-scale battery producer Powin filed for bankruptcy earlier this 12 months.
By the acquisition, FlexGen will own all of Powin’s IP, together with {hardware} IP, software program IP and knowledge expertise programs, together with a major spare elements stock. Upon closing of the acquisition, FlexGen will help over 25 GWh of battery vitality storage programs and 200 tasks throughout 10 nations in its portfolio. FlexGen’s Distant Operations Middle (ROC) will acquire system visibility to make sure continuity for Powin clients, whereas its FlexGen HybridOS controls software program, analytics modules and lifecycle companies shall be made out there to offer further insights and system availability.
“This can be a important milestone, not only for FlexGen, however for the whole business, as storage is now not a nice-to-have, however fairly, important to assembly international vitality demand and alternatives,” mentioned FlexGen CEO, Kelcy Pegler. “With this acquisition, we are going to proceed to ship the reliability and intelligence the grid, knowledge facilities and communities must thrive in a world of rising vitality wants.”
Drawing on 15 years of integration expertise with over 65 configurations from 22 international distributors, FlexGen is ready to ship instant continuity and help for Powin clients. With its full suite of lifecycle companies and hardware-agnostic FlexGen HybridOS software program merchandise, FlexGen meets operators the place they’re right this moment whereas driving an AI-centric roadmap for its analytics module and complicated controls software program. The influence is futureproofing buyer investments with most uptime and minimal disruption.
“Our prime precedence is buyer success and delivering instant operational stability, maximizing the worth and efficiency of their programs. FlexGen’s confirmed monetary power means we’re a capital-light software program and companies companion that can stay in enterprise to ship on our buyer guarantees,” added Gary Cristini, FlexGen’s CFO. “We thank Powin for his or her early-mover function in shaping the dynamic and vital grid-scale battery market and honor our dedication to hold on that legacy and ship distinctive uptime, reliability and buyer success.”
Information merchandise from FlexGen
