Flexgen Power Systems, a battery integrator and provider of energy management software, will acquire a considerable part of Powin’s activities after Powin of large-scale battery bankruptcy has applied for bankruptcy earlier this year.
By the acquisition, Flexgen will have all Powin IPIncluding hardware IP, software IP and information technology systems, together with a considerable inventory of spare parts. When closing the acquisition, Flexgen will support more than 25 GWh of storage systems for battery energy and 200 projects in 10 countries in its portfolio. Flexgen’s Remote Operations Center (ROC) will get system visibility to guarantee continuity for POWIN customers, while the Flexgen Hybridos software, analysis modules and Lifecycle Services will be made available to offer extra insights and system availability.
“This is an important milestone, not only for flexgen, but also for the entire industry, because storage no longer has a nice one, but is rather essential to meet the global demand for energy and opportunities,” said Flexgen CEO, Kelcy Pegler. “With this acquisition we will continue to deliver reliability and intelligence that the grid, data centers and communities must thrive in a world of growing energy needs.”
Based on 15 years of integration experience with more than 65 configurations of 22 worldwide suppliers, Flexgen is willing to offer immediate continuity and support for Powin customers. With its full series of life cycle services and hardware-agent flexgen Hybridos software products, Flexgen meets operators where they are today while driving an AI-centric route map for its analysis module and advanced control software. The impact is future investments of customers with maximum uptime and minimum disruption.
“Our top priority is the success of customers and delivering immediate operational stability, maximizing the value and performance of their systems. Flexgen’s proven financial strength means that we are a capital lights software and service partner that remains in the business community to fulfill our customer promises,” added Gary Cristini, Flexgen’s CFO. “We owe Powin for their early mover role in shaping the dynamic and important battery market on the grid-scale and honoring our dedication to continue that inheritance and to deliver exceptional uptime, reliability and customer success.”
News item from Flexgen
