Global Infrastructure SherpaFlexGen to Provide Power Systems for Multiple Projects with Basin Electric Power Cooperative
FlexGen will provide power systems integrating natural gas generators and battery storage for multiple projects with Basin Electric Power Cooperative. The systems will enhance grid reliability and resilience.
Source Intelligence
FlexGen will own all of Powin’s IP, including hardware IP, software IP and information technology systems, along with a significant spare parts inventory. Quote: "Through the acquisition, FlexGen will own all of Powin’s IP, including hardware IP, software IP and information technology systems, along with a significant spare parts inventory."
"FlexGen Power Systems, LLC ("FlexGen"), a leading provider of battery energy storage solutions and energy management software, today announced that the U.S. Bankruptcy Court for the District of New Jersey, the Court presiding over the Chapter 11 cases of Powin, LLC and Powin affiliates, has approved FlexGen’s acquisition of a substantial portion of Powin’s business, advancing FlexGen’s mission to future proof global grids and growing energy demand through battery energy storage."
"FlexGen Power Systems, LLC ("FlexGen"), a leading provider of battery energy storage solutions and energy management software, today announced that the U.S. Bankruptcy Court for the District of New Jersey, the Court presiding over the Chapter 11 cases of Powin, LLC and Powin affiliates, has approved FlexGen’s acquisition of a substantial portion of Powin’s business, advancing FlexGen’s mission to future proof global grids and growing energy demand through battery energy storage."