Funding and M&A Roundup: FlexGen Power Systems Secures $75 Million
Energy Storage Developer NineDot Energy Raises $65 Million
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FlexGen Power Systems, an energy storage solutions and software technology provider, secured a $75 million revolving credit facility. J.P. Morgan acted as the lead arranger and administrative agent for the funding, along with commitments from Banco Santander, BNP Paribas, and First National Bank of Pennsylvania. According to the company, this funding will provide essential financial flexibility to expand its operations, strengthen its technology offerings, and meet the increasing demand for energy storage solutions globally.
