FlexGen, a leading provider of advanced energy storage solutions and software technology, and VC Renewables, Vitol’s solar and storage development platform, have announced a landmark 2GWh Material Supply Agreement (MSA). This significant agreement signals a major push towards enhancing grid resiliency and reliability through innovative energy storage solutions.
VC Renewables, backed by Vitol, the world’s largest independent energy trader, has a global energy storage pipeline exceeding 10GW. The agreement reflects the shared commitment of both companies to delivering cutting-edge technology and comprehensive engineering support, ensuring seamless integration and sustained performance of energy storage solutions across diverse grid environments.
“In today’s dynamic energy landscape, ensuring grid resiliency is paramount. By partnering with FlexGen, a bankable service provider known for its expertise in energy storage, we are confident in our ability to deliver robust solutions that fortify grid infrastructure against disruptions,” said R. Andrew de Pass, Head of Renewable and Sustainable Investment at Vitol, Inc. “This partnership demonstrates our shared commitment to delivering cutting-edge technology and comprehensive engineering support, ensuring the seamless integration and sustained performance of energy storage solutions in diverse grid environments.”
Kelcy Pegler, CEO of FlexGen, emphasized the unique expertise Vitol and VC Renewables bring to navigating the complex engineering challenges of grid resiliency projects. “Vitol and VC Renewables bring unmatched expertise to navigating the nuanced engineering challenges of grid resiliency projects, setting them apart in an industry where precision and sophistication are critical to maximizing system availability,” said Pegler. “Their collaborative approach, coupled with FlexGen’s HybridOS Software Platform and lifecycle services, will ensure industry-leading performance for the life of the system, advancing the energy transition through grid resiliency.”
This collaboration highlights the growing importance of leveraging advanced technologies to address the evolving challenges of grid resilience. The agreement builds upon the existing partnership between FlexGen and Vitol, with Vitol serving as an anchor investor in FlexGen’s $100 Million Series C round. By combining their expertise, FlexGen and VC Renewables are revolutionizing the energy landscape, deploying innovative energy storage solutions that enhance grid resilience and reliability. This latest strategic collaboration reaffirms the companies’ commitment to driving sustainable energy transformation and delivering tangible benefits to communities worldwide.
About FlexGen Power Systems, Inc.
Based in Durham, North Carolina, FlexGen is a leading provider of integration services and software technology for energy storage solutions in the United States and globally. FlexGen designs and integrates storage solutions and the software platform that is enabling today’s energy transition. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Its clients and partners include the most technically and commercially demanding developers, utilities, electric cooperatives, government agencies, and industrial companies worldwide.
About VC Renewables
VC Renewables is a subsidiary of Vitol, the world’s largest energy trading company. VC Renewables focuses on developing and deploying renewable energy solutions that drive sustainable growth and address the challenges of climate change. Through strategic partnerships and innovative initiatives, VC Renewables is dedicated to advancing the transition to a clean energy future.
