FlexGen Energy Methods, a battery integrator and supplier of power 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 methods, together with a major spare components stock. Upon closing of the acquisition, FlexGen will assist over 25 GWh of battery power storage methods and 200 tasks throughout 10 international locations 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 providers might be made out there to offer further insights and system availability.
“It is a important milestone, not only for FlexGen, however for the complete trade, as storage is not a nice-to-have, however relatively, important to assembly world power demand and alternatives,” mentioned FlexGen CEO, Kelcy Pegler. “With this acquisition, we’ll proceed to ship the reliability and intelligence the grid, knowledge facilities and communities have to thrive in a world of rising power wants.”
Drawing on 15 years of integration expertise with over 65 configurations from 22 world distributors, FlexGen is ready to ship speedy continuity and assist for Powin clients. With its full suite of lifecycle providers 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 high precedence is buyer success and delivering speedy operational stability, maximizing the worth and efficiency of their methods. FlexGen’s confirmed monetary energy means we’re a capital-light software program and providers associate that may 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.”
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