Energy storage technology company, FlexGen, has completed its acquisition of assets from the US-based energy company Powin after it was approved by the US bankruptcy court.
This means the company’s portfolio now includes more than 25GWh in duration of battery storage systems across 200 sites in 10 countries with software and services. The purchase also included Powin’s intellectual property.
The firm said it has hired former Powin team members to ensure continuity for customers and the technical expertise required for the systems it is now supporting. It also said that existing Powin customers will receive uninterrupted support and can choose to transition to FlexGen’s HybridOS energy management platform and lifecycle services.
Its platform and software, which are hardware-agnostic, provides analytics and AI-driven analysis for energy storage owners.
Kelcy Pegler, CEO of FlexGen, said, “Batteries are critical to meeting the world’s growing demand for affordable, reliable electricity. This is more than an acquisition – it’s a reflection of FlexGen’s commitment to immediate continuity and the future of grid-scale storage. FlexGen’s proven operational excellence, hardware-agnostic software, and commitment to innovation uniquely position us to maximise the value of these Powin assets today, while enhancing the reliability and performance of energy grids worldwide for years to come.”
