DURHAM – A larger headquarters, innovation center and remote operations center is now open at Durham-based FlexGen Power Systems. The expansion reflects growing demand for its energy storage services and equipment.
“Everyone is thinking about energy independence, energy storage, and an overall intelligence in battery supply,” Kelcy Pegler, CEO of FlexGen, told WRAL TechWire last year.
The company has raised $250 million in investment capital over the past two years, and part of that money went into the upgraded Durham complex.
“The energy system is changing rapidly and energy storage sits at the nexus of that change. A lot of people think energy storage works like the batteries in your flashlight, but today’s energy storage hardware is advanced technology that can only be maximized with the right software, operations, and controls. Our new Battery Lab and Remote Operations Center provides us the space to stress test, experiment, virtually control and optimize batteries so that they achieve maximum performance in the field for our customers,” said Pegler, in Wednesday’s announcement.
“When we were looking for where to expand, Durham was an easy choice. With access to the top talent in the world, the Triangle is a fantastic place to build and grow a technology company,” he added.
According to FlexGen the expansions and updates “greatly expand FlexGen’s ability to preconfigure, test, optimize, and virtually monitor energy storage assets to achieve peak performance in the field. FlexGen is one of the fastest growing companies in the dynamic energy storage sector.”
Since 2021, FlexGen has raised $250 million in two funding rounds to grow and execute on their large pipeline of projects across multiple regions.
FlexGen will host an event on May 1 to celebrate the new operations.