Opinion
Best, Yann
What’s At Stake. If you missed the news yesterday, the team at FlexGen announced a $150 Million equity commitment from Apollo. This very well could be one of the largest private market equity commitments to an energy storage integration platform but it also signifies the importance of the energy transition. Adding more renewable energy and enhancing resiliency means building a grid that is reliable and intelligent. With this addition of capital, it allows FlexGen to accelerate our support of the energy markets from development through operations. The best in class integration and packaging services are matched with the leading software platform in the energy storage market today. In ClimateTech, like energy storage, it is the software that allows the hardware to operate to maximum efficiency and maximum profitability for asset owners.
A Personal Addition. Thank you all for the personal notes. Over the past 9 years, we’ve built a digital relationship that has become a part of my everyday life and I’m happy to be able to share these great events with you along the way. FlexGen is advantaged by our dialogue and if you share our vision and believe in the mission, we are hiring. Our team is looking for the best and brightest across the org chart, from engineers in systems, hardware and software but also in operations and business development.
Opinion
Best, Yann
Opinion
Best, Yann
Setting Up Q4 Showdown. Pelosi came out yesterday saying that both infrastructure and budget reconciliation have a target date in the house for October 1st. There is a fine line of whether the bipartisan infrastructure bill can pass the House as progressives argue the lack of depth in those initiatives and want the budget bill to be a package deal.
Warmer Waters, Northern Storms. It’s not secret that many people from the northeast have moved to the sunny shores of South Florida in the past year, under the guise of covid protocols and lower taxes. The climate impact, which used to make you think that Miami folks would move away, is that storms are heading farther and farther north as they chase the warming waters and away from the Florida coast. It’s been awhile since South Florida get a good storm, knock on wood, and even then our infrastructure is built for it. An era of storm resilience will need to come to the northern States now that storms will become more frequent.
DERs Are Part Of Design. A few years ago the CEO of CAISO said we need to learn to not only shape supply but shape demand. The way we used to shape it is with demand response and consumer behavior, flex alerts. Now we have demand side generation and storage that can be called upon but once again we need to figure out how to signal that behavior to match the need to the speed of integration of these resources. You can’t remove consumer incentive to invest dollars into distributed solar and storage while also making them help the grid design free of charge.
Opinion
Best, Yann