FlexGen Introduces Project Feasibility Reporting for Energy Storage Developers

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Apr 28, 2021, 09:42 ET

DURHAM, N.C., April 28, 2021 /PRNewswire/ -- FlexGen, the leading independent energy storage integrator in the U.S., is announcing a new service product for developers, Independent Power Producers (IPPs) and asset owners. The project feasibility reports (PFR) for energy storage development accelerates the analysis of the viability and opportunity for energy storage assets. With the FlexGen DigitalTwin™ application, users can determine a potential project's revenue opportunity and lifecycle costs, model multiple scenarios as well as study the grid impact for interconnection. The PFR can then be seamlessly transition into execution of the project with certainty in budget, performance and timeline provided by the project feasibility report powered by FlexGen DigitalTwin.

Eleven energy storage developers and IPPs and have already entered into a PFR agreement with FlexGen representing over 11GWh of energy storage pipeline. "Does storage work for our project is the most common question we get from current generation owners regardless of their existing source," says Yann Brandt, CFO of FlexGen. "By providing an investment-grade report, we provide the ROI analysis and technical support that gets a project off the ground."

Existing asset owners are operating assets and own interconnects through those sources which include solar, wind, hydro, landfill gas and thermal resources.

Over the past 10 years, FlexGen has built a suite of software applications that has been tested to NERC standards and qualified by every major ISO and RTO. The FlexGen DigitalTwin allows the energy storage system to manage a constructed project to the original pro forma or determine if a deviation is an improvement to the investment pro forma through the HybridOS AI platform.

"We are meeting our customers earlier in their process, providing the engineering services to get projects green-lit which is another example of FlexGen being the ideal partner to energy storage owners for the long term," says Kelcy Pegler, Jr., FlexGen's CEO. "The most exciting thing about the year to come is how many first-time energy storage owners we will help create."

About FlexGen HybridOS
FlexGen HybridOS is the leading energy storage software ecosystem that hosts a suite of software applications which include FlexGen DigitalTwin, PowerCloud, Fleet Manager, Site Controller, and FlexPack Controller. The FlexGen HybridOS suite creates a differentiated customer value by enabling multiple revenue streams and trading opportunities for storage assets. With real-time communication and over the air updates, FlexGen HybridOS software has 99.7% uptime and over 300,000 hours of proven run time.

About FlexGen
FlexGen is the second-largest U.S. energy storage technology company, and first in Texas with 80% market share. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Our customers and partners include the most technically and commercially demanding developers, utilities, government agencies and industrial companies in the world. For more information, visit www.flexgen.com.

MEDIA CONTACT:
Karen Carrera, 972-207-1935
[email protected]

SOURCE FlexGen