FlexGen debuts project feasibility reporting tool for energy storage projects
Energy storage integrator FlexGen has a new project feasibility reporting product for developers, Independent Power Producers (IPPs) and asset owners to accelerate the analysis of energy storage asset viability. This FlexGen DigitalTwin application is built to determine a potential project’s revenue opportunity and lifecycle costs, model multiple scenarios as well as study the grid impact for interconnection.
Eleven energy storage developers and IPPs and have already entered into a PFR agreement with FlexGen representing over 11 GWh 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.”
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