Jan 25 2011
FlexEnergy, a cleantech firm that generates clean energy with near-zero emissions of unsafe greenhouse gases, has closed the purchase of the Ingersoll Rand’s Energy Systems business based in Portsmouth, New Hampshire.
The Energy Systems business produces recuperators, mircroturbines and microturbine systems. With this acquisition, FlexEnergy is now operating in New Hampshire, California and North Carolina, with clients and deployments globally.
With the purchase of Energy Systems’ MT250 microturbine product series, FlexEnergy now provides a portfolio of systems that work on the widespread source of fuels with lowest emission features in the market. FlexEnergy systems pave the way to the complete low Btu gas industry by producing a new class of constant, renewable and clean energy.
FlexEnergy has recently introduced its groundbreaking Flex Powerstation technology at the Lamb Canyon Landfill in Riverside County. The technology modifies unsafe and formerly unfeasible methane gas into clean, green energy with near-zero emissions of greenhouse gases.
As part of the acquisition, the Vice President of Business Development at Ingersoll Rand, Bob Mack, will join as a Director of FlexEnergy. RNS Capital Partners and SAIL Venture Partners are prominent investors in FlexEnergy. The two firms have taken part in both Series A and Series B offerings and are keenly participated in the firm at the Board level.
Source: http://www.flexenergy.com