Latest news with #FlexGen
Yahoo
2 days ago
- Business
- Yahoo
FlexGen acquires Powin assets to enhance energy storage solutions
Battery energy storage solutions provider FlexGen Power Systems has received approval from the US Bankruptcy Court for the District of New Jersey to acquire a significant portion of Powin's business. This acquisition will advance FlexGen's plans for future-proofing global grids, enabling it to meet energy demands for battery energy storage solutions (BESS). FlexGen will gain ownership of all of Powin's intellectual property (IP), comprising hardware IP, software IP, information technology systems and a considerable spare parts inventory. After the acquisition, FlexGen's portfolio will manage more than 25 gigawatt hours of BESS and 200 projects in ten countries. FlexGen CEO Kelcy Pegler stated: 'This is a significant milestone, not just for FlexGen, but for the entire industry, as storage is no longer a nice-to-have, but rather, essential to meeting global energy demand and opportunities. 'With this acquisition, we will continue to deliver the reliability and intelligence the grid, data centres and communities need to thrive in a world of growing energy needs.' With 15 years of integration experience and more than 65 configurations from 22 global vendors, FlexGen is well-equipped to provide immediate continuity and support for Powin customers. FlexGen's Remote Operations Centre (ROC) is expected to achieve enhanced system visibility, ensuring seamless service for Powin customers. Offerings such as the HybridOS controls software, lifecycle services and analytics modules from FlexGen will provide further insights and ensure best-in-class system availability. FlexGen's CFO Gary Cristini stated: 'Our top priority is customer success and delivering immediate operational stability, maximising the value and performance of their systems. FlexGen's proven financial strength means we're a capital-light software and services partner that will remain in business to deliver on our customer promises. 'We thank Powin for their early-mover role in shaping the dynamic and important grid-scale battery market and honour our commitment to carry on that legacy and deliver exceptional uptime, reliability and customer success.' In April 2025, Trina Storage, a provider of energy storage solutions, partnered with FlexGen to implement a 371 megawatt hours BESS in Houston, Texas, US. "FlexGen acquires Powin assets to enhance energy storage solutions" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Business
- Yahoo
FlexGen Expands Global Battery Energy Storage Leadership with Court Approval of Powin Assets Acquisition
The purchase will reinforce FlexGen's leadership, serving an additional 14.5 plus GWh of battery energy storage system projects. DURHAM, N.C., August 06, 2025--(BUSINESS WIRE)--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. 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. Upon closing of the acquisition, FlexGen will support over 25 GWh of battery energy storage systems and 200 projects across 10 countries in its portfolio. FlexGen's Remote Operations Center (ROC) will gain system visibility to ensure continuity for Powin customers, while its FlexGen HybridOS® controls software, analytics modules and lifecycle services will be made available to provide additional insights and best-in-class system availability. "This is a significant milestone, not just for FlexGen, but for the entire industry, as storage is no longer a nice-to-have, but rather, essential to meeting global energy demand and opportunities," said FlexGen CEO, Kelcy Pegler. "With this acquisition, we will continue to deliver the reliability and intelligence the grid, data centers and communities need to thrive in a world of growing energy needs." Drawing on 15 years of integration experience with over 65 configurations from 22 global vendors, FlexGen is prepared to deliver immediate continuity and support for Powin customers. With its full suite of lifecycle services and hardware-agnostic FlexGen HybridOS® software products, FlexGen meets operators where they are today while driving an AI-centric roadmap for its analytics module and sophisticated controls software. The impact is futureproofing customer investments with maximum uptime and minimal disruption. "Our top priority is customer success and delivering immediate operational stability, maximizing the value and performance of their systems. FlexGen's proven financial strength means we're a capital-light software and services partner that will remain in business to deliver on our customer promises," added Gary Cristini, FlexGen's CFO. "We thank Powin for their early-mover role in shaping the dynamic and important grid-scale battery market and honor our commitment to carry on that legacy and deliver exceptional uptime, reliability and customer success." For more information about FlexGen and this transition, visit: If you're an existing Powin customer with questions, please reach out to: PowinSupport@ About FlexGen Power Systems, LLC. FlexGen provides industry-leading software and services for deploying, managing and optimizing battery energy storage systems. FlexGen leverages decades of software, engineering, and procurement expertise to solve today's toughest energy challenges that enable the transition to a modern electric grid. FlexGen HybridOS® energy management software seamlessly integrates with any battery OEM and offers advanced analytics and AI-driven insights that allow energy storage owners to deploy diverse power market strategies and integrate various generation forms, enhancing grid stability and economic returns. Serving more than 25 GWh and over 200 energy storage systems enabled by FlexGen, we are trusted by the most technically and commercially demanding developers, utilities, government agencies, and industrial companies in the world. View source version on Contacts Media Inquiries: flexgen@ Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
FlexGen Expands Global Battery Energy Storage Leadership with Court Approval of Powin Assets Acquisition
DURHAM, N.C.--(BUSINESS WIRE)--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. 'This is a significant milestone, not just for FlexGen, but for the entire industry, as storage is no longer a nice-to-have, but rather, essential to meeting global energy demand and opportunities,' said FlexGen CEO, Kelcy Pegler. Share 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. Upon closing of the acquisition, FlexGen will support over 25 GWh of battery energy storage systems and 200 projects across 10 countries in its portfolio. FlexGen's Remote Operations Center (ROC) will gain system visibility to ensure continuity for Powin customers, while its FlexGen HybridOS® controls software, analytics modules and lifecycle services will be made available to provide additional insights and best-in-class system availability. 'This is a significant milestone, not just for FlexGen, but for the entire industry, as storage is no longer a nice-to-have, but rather, essential to meeting global energy demand and opportunities,' said FlexGen CEO, Kelcy Pegler. 'With this acquisition, we will continue to deliver the reliability and intelligence the grid, data centers and communities need to thrive in a world of growing energy needs.' Drawing on 15 years of integration experience with over 65 configurations from 22 global vendors, FlexGen is prepared to deliver immediate continuity and support for Powin customers. With its full suite of lifecycle services and hardware-agnostic FlexGen HybridOS® software products, FlexGen meets operators where they are today while driving an AI-centric roadmap for its analytics module and sophisticated controls software. The impact is futureproofing customer investments with maximum uptime and minimal disruption. 'Our top priority is customer success and delivering immediate operational stability, maximizing the value and performance of their systems. FlexGen's proven financial strength means we're a capital-light software and services partner that will remain in business to deliver on our customer promises,' added Gary Cristini, FlexGen's CFO. 'We thank Powin for their early-mover role in shaping the dynamic and important grid-scale battery market and honor our commitment to carry on that legacy and deliver exceptional uptime, reliability and customer success.' For more information about FlexGen and this transition, visit: If you're an existing Powin customer with questions, please reach out to: PowinSupport@ About FlexGen Power Systems, LLC. FlexGen provides industry-leading software and services for deploying, managing and optimizing battery energy storage systems. FlexGen leverages decades of software, engineering, and procurement expertise to solve today's toughest energy challenges that enable the transition to a modern electric grid. FlexGen HybridOS® energy management software seamlessly integrates with any battery OEM and offers advanced analytics and AI-driven insights that allow energy storage owners to deploy diverse power market strategies and integrate various generation forms, enhancing grid stability and economic returns. Serving more than 25 GWh and over 200 energy storage systems enabled by FlexGen, we are trusted by the most technically and commercially demanding developers, utilities, government agencies, and industrial companies in the world.
Business Insider
6 days ago
- Business
- Business Insider
Arteris up 57% after announcing licensing with AMD
The company stated: 'In a market reshaped by the compute demands of AI, Arteris (AIP) announced AMD (AMD), a global leader in high-performance and adaptive computing, has licensed FlexGen network-on-chip interconnect IP for its next generation of AI chiplet design. FlexGen, Arteris' smart NoC IP technology, will provide high-performance data transport in AMD chiplets powering AI across the company's broad portfolio which spans from data centers to edge and end devices. The strategic combination and interoperability of Arteris' FlexGen NoC IP with the AMD Infinity Fabric interconnect underscores the increasing complexity of modern SoCs and chiplet-based architectures, which now require multiple highly specialized interconnects or NoCs to efficiently meet the demands of modern electronic systems.' Shares of Arteris are up 57% at $14.84 afterhours. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
6 days ago
- Business
- Yahoo
Arteris To Provide FlexGen Smart NoC IP In Next-Generation AMD AI Chiplet Designs
Arteris' FlexGen smart NoC IP will be utilized by AMD in semiconductor designs to enable improved product performance and efficiency. CAMPBELL, Calif., Aug. 04, 2025 (GLOBE NEWSWIRE) -- In a market reshaped by the compute demands of AI, Arteris, Inc. (Nasdaq: AIP), a leading provider of semiconductor system IP for accelerating system-on-chip (SoC) creation, today announced AMD (Nasdaq: AMD), a global leader in high-performance and adaptive computing, has licensed FlexGen network-on-chip (NoC) interconnect IP for its next generation of AI chiplet design. FlexGen, Arteris' smart NoC IP technology, will provide high-performance data transport in AMD chiplets powering AI across the company's broad portfolio which spans from data centers to edge and end devices. The strategic combination and interoperability of Arteris' FlexGen NoC IP with the AMD Infinity Fabric™ interconnect underscores the increasing complexity of modern SoCs and chiplet-based architectures, which now require multiple highly specialized interconnects or NoCs to efficiently meet the demands of modern electronic systems. 'We are excited to collaborate and expand our relationship with AMD, a company recognized globally for its innovation in high performance computing,' said K. Charles Janac, president and CEO of Arteris. 'With modern chiplets each having between 5 and 20 interconnect networks for data transport, our FlexGen NoC IP will work hand in hand with AMD's Infinity Fabric to accelerate the performance and scalability required by today's most demanding and diverse applications. This latest engagement with AMD exemplifies the transformative impact of Arteris' NoC technology in delivering next-generation silicon solutions for a wide range of markets from the data center to the edge.' 'AMD is driving innovations that scale AI from cloud to client by continually developing leadership computing technologies and best-in-class IP,' said Mydung Pham, corporate vice president silicon design engineering at AMD. 'Integrating Arteris' FlexGen NoC IP technology into a range of AMD chiplets, we can automate interconnect configuration and enable seamless connectivity among SoC components while strengthening the best end-to-end AI compute portfolio in the industry.' Arteris is an industry leader in flexible and configurable network-on-chip IP technology. FlexGen, Arteris' latest NoC IP innovation, is specifically designed to make designing SoCs more efficient and to optimize wire length, reduce latency, and improve power efficiency, addressing the communication and performance needs of increasingly complex multi-die and chiplet-based designs. FlexGen can be utilized as an independent interconnect solution or in combination with proprietary interconnect technology to accelerate design iterations and time to market schedules. Arteris continues to revolutionize SoC and chiplet performance with innovative technology. FlexGen smart NoC IP leverages AI automation to enhance design productivity through streamlined iteration cycles, and position companies to address the complexities of today's computing systems while dreaming up what comes next. Learn more at About Arteris Arteris is a global leader in system IP used in semiconductors to accelerate the creation of high-performance, power-efficient silicon. Arteris network-on-chip (NoC) interconnect IP and system-on-chip (SoC) integration automation software are used by the world's top semiconductor and technology companies to improve overall performance, engineering productivity, reduce risk, lower costs, and bring complex designs to market faster. Learn more at © 2004-2025 Arteris, Inc. All rights reserved worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other Arteris marks found at are trademarks or registered trademarks of Arteris, Inc. or its subsidiaries. All other trademarks are the property of their respective owners. Media Contact:Gina JacobsArteris+1 408 560 3044newsroom@ This press release was published by a CLEAR® Verified in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
