# Flex Energy Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flex-energy-solutions

- Industry: Power & Utilities
- Headquarters: Greenwood Village, US
- Website: www.flexenergy.com
- Total disclosed funding: $4M
- Latest round: Series B (Dec 11, 2009)
- Investors on record: 2

## About

Flex Energy Solutions develops and manufactures natural gas turbine generators, providing modular power solutions for various industries, including oil and gas and manufacturing.Founded in 2000 in Greenwood Village, US, Flex Energy Solutions specializes in energy solutions focused on natural gas turbine generators. The company raised USD 18.00 mn in Venture Debt funding on December 15, 2014, led by RNS Capital Partners and SAIL Capital Partners. It has completed 4 deals, raising a total of USD 1.20 mn. The company is led by CEOs Doug Baltzer and Suvankar Sengupta.Flex Energy Solutions specializes in the development and manufacture of natural gas turbine generators, offering modular power solutions tailored for various sectors, including oil and gas, manufacturing, commercial, industrial, and data centers. Their core product, the Flex Turbine, is engineered for off-grid environments, providing reliable and clean energy while minimizing emissions and simplifying permitting processes. These turbines are particularly effective in harsh operating conditions, requiring only an annual maintenance interval of eight hours. The end users of Flex Energy's products include oilfield operators, large industrial manufacturers, data mining facilities, and hospitality institutions, predominantly in North America, Europe, and select regions in Asia, where the demand for clean and efficient energy solutions is growing.Flex Energy Solutions generated revenue of USD 23.33 mn in the most recent year, 2020. The company reported an EBITDA of USD 1.08 mn for the same year. Its revenue primarily comes from the sale and leasing of its natural gas turbine generators and associated services, engaging in B2B transactions with clients such as oil and gas operators and large industrial firms.Following their latest funding round in December 2014, Flex Energy Solutions aims to utilize the raised capital to support production, expand its geographic presence, and broaden its product line. The company plans to introduce new products and strategically enter new markets and geographic regions, reinforcing its commitment to clean energy solutions.

## Funding rounds

- Series B, Dec 11, 2009, $1.2M — SAIL Capital Partners, NextStep Investments LLC
- Series A, May 1, 2008, $2.8M — SAIL Capital Partners, NextStep Investments LLC

## Investors

- SAIL Capital Partners (https://capitalatlas.ai/funds/sail-capital-partners) — Series A, Series B
- NextStep Investments LLC — Series A, Series B