FlexGen Power Systems is a Durham, NC–based provider of energy storage solutions and software technology. The company offers HybridOS software that integrates with any hardware vendor and with both traditional and renewable power sources. Its analytics and AI-driven insights help energy storage owners deploy diverse power market strategies and integrate various generation forms. FlexGen positions its offerings to enhance grid stability and increase economic returns for customers. Led by CEO Kelcy Pegler, the company is focused on scaling operations and strengthening its technology stack. It intends to use new funding to expand operations, bolster technology offerings, and meet rising global demand for reliable, scalable energy storage solutions. FlexGen designs and integrates energy storage systems and operates a proprietary energy management software platform called HybridOS. HybridOS enables energy storage owners to deploy various power market strategies and to combine storage solutions with any form of generation. The company provides the software and technological integration needed to address intermittency and reliability challenges associated with renewable power. Led by CEO Kelcy Pegler, FlexGen plans to use new funding to further solidify its energy storage integration capabilities and to support execution of a large pipeline of projects across multiple regions. Since its founding in 2009, FlexGen has installed over 3 GWh of energy storage systems across the U.S. for utility, microgrid, and commercial & industrial customers.

Total raised

$175M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Jan 2025