FlexGen Power Systems, a Durham, NC-based provider of energy storage solutions and software technology, received a $75M revolving credit facility with J.P. Morgan.
The company intends to use the funds to expand its operations, strengthen its technology offerings, and support the demand for scalable energy storage solutions worldwide.
Led by CEO Kelcy Pegler, FlexGen is a software and services provider in the global energy storage sector leveraging engineering and software expertise to help shape the future of sustainable power both in the United States and globally. Its HybridOS™ software integrates with any hardware vendor and with both traditional and renewable power sources. Its analytics and AI-driven insights enable energy storage owners to effectively deploy diverse power market strategies and integrate various generation forms, enhancing grid stability and increasing economic returns.
FinSMEs
27/01/2025