SUBSCRIBE
PROFILE

Apollo Global commits $150 million to FlexGen

Apollo Global continues to invest in renewable energies by committing $150 million to FlexGen and energy storage.|Apollo Global continues to invest in renewable energies by committing $150 million to FlexGen and energy storage.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Apollo Global Management continues to invest in renewable energy by committing $150 million to FlexGen.
This is an important investment in the integration of energy storage contributing to the development of FlexGen’s capacities.

Apollo Global develops large-scale energy storage

Funds managed by Apollo affiliates announce a $150 million capital commitment to FlexGen, a leading provider of integration services and software technology for energy storage solutions in the U.S. and worldwide.
Apollo’s investment will be made in partnership with FlexGen’s existing investors, Altira Group, the founding investment group led by Jerry Miller and Mark Dreyfus, Caterpillar Ventures and GE Ventures.

FlexGen deploys 1.2 GWh of storage

Since its inception in 2009, FlexGen has supported the deployment of over 1.2 GWh of energy storage systems in the U.S. and abroad for utility, microgrid and small business customers.
The company’s software platform enables energy storage system owners to deploy various electricity market strategies and combine storage solutions with any form of generation.

“Our collaboration with Apollo will accelerate FlexGen’s growth and the capabilities we can offer in the future, while establishing the bankability the market values when investing in energy storage. We are well positioned at the most critical intersection in the transition to clean energy: energy storage. We’ve spent the last decade building the most advanced integration solutions on the market – and now that market is ready to take off,” says FlexGen CEO Kelcy Pegler, Jr.

Several key investments

The investment in FlexGen follows on from Apollo’s previous investments in renewable energies.
Over the past 18 months, Apollo funds have invested in US Wind, a developer of offshore wind turbines.
They have created a new venture with Johnson Controls to provide sustainability and energy efficiency services.
Formed a joint venture to accelerate the growth of renewable energy royalty company Great Bay Renewables.
Also invested in electric gas compression company TOPS.
Then agreed to invest in sustainable bioenergy producer AS Graanul Invest.

A multi-billion dollar market

Energy storage represents a multi-billion dollar market at the heart of the energy transition.
The integration of energy storage requires software and technological solutions that play a key role in the adoption of large-scale renewable energies, by compensating for the intermittency and reliability problems that renewable energy production creates for the grid.

  • Popular on energynews.pro
West Holdings and Toshiba partner to deliver integrated solar and storage services
First Hydrogen launches project on molten-salt fuels for small modular reactors
Xing’an League allocates CNY6bn in public investment for hydrogen hub
Brussels denounces Chinese pressure on rare earths and warns of strategic leverage
Solar output overtakes natural gas in California during peak daytime hours
BB Energy restructures Houston operations and cuts oil trading staff
Commodities trader BB Energy has cut over a dozen jobs in Houston and will shift some administrative roles to Europe as part of a strategic reorganisation.
Ferrari signs ten-year contract with Shell for green electricity supply
Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.
Paratus receives $38mn payment in Mexico through government fund
Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
Mercuria raises $2.3bn to strengthen its energy presence in Asia
Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.
Major US companies increase their presence at COP30 despite Washington
Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.
Tanmiah launches geothermal poultry site and signs three strategic energy agreements
Tanmiah Food Company signed three memorandums of understanding to reduce its emissions and launched the region’s first poultry facility cooled by geothermal energy, in alignment with Saudi Arabia’s industrial ambitions.
Subsea7 reports 27% increase in adjusted EBITDA in third quarter
Subsea7 posted higher operating profit and a record order backlog, supported by long-term contracts in the Subsea and Renewables segments.
Adnoc strengthens ties with China through new energy deals in Shanghai
Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.
Cenovus raises $2.6bn in bonds and announces debt buyback
Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
Siemens Energy invests €2bn in transformer plants to secure growth
The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
Enerfip acquires Lumo and exceeds 50% market share in France
Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.
Schneider Electric signs $1.9bn deal to cool AI data centres
French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.
PowerChina accelerates its investments in renewable energy in Africa
Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.
Schneider Electric establishes new North American headquarters at Boston’s Winthrop Center
The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.
Shell extends exchange premium after collecting $6.2bn in notes
Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026
After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.
ReGen III secures $3.975mn in sub-agreements under debenture exchange
ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.