FlexGen Completes Acquisition of Powin Assets, Expanding Global Leadership in Grid-Scale Storage
FlexGen Power Systems, LLC (“FlexGen”), a leader in energy storage technology, today announced it closed its acquisition of key assets and intellectual property from Powin. With this acquisition, FlexGen is now supporting over 25GWh of battery energy storage systems across over 200 sites in 10 countries with software and services.
FlexGen Expands Global Battery Energy Storage Leadership with Court Approval of Powin Assets Acquisition
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.
