DURHAM – FlexGen, the Durham-based independent energy storage technology company, is now under new leadership after founder and CEO Josh Prueher and president and CTO Doug Moorehead left the company after a planned transition at the end of December 2020.
The global utility-scale energy storage market is on track for a record year in 2021, with the U.S. continuing to lead the way. A new report from IHS Markit, which aims to provide critical information, analytics, and solutions, predicts global utility-scale energy storage installations are set to double year-over-year growth and exceed 10 GW this year, with the United States accounting for 50 percent of the global market.
That’s good news for FlexGen, which describes itself as the largest independent energy storage technology company in the United States. The company, which designs and integrates energy storage solutions including a software platform that it says enables energy transition, introduced Kelcy Pegler as CEO and Yann Brandt as CFO earlier this week.
Yann Brandt FlexGen photo)
“There are no more excuses or limitations to creating a more intelligent power grid,” said Pegler in a statement. “Energy storage is a critical part of today’s energy transition—and will create a cleaner and more resilient system.”
Pegler was most recently the executive chairman of SOFDESK, a Solar, Roofing & Storage Software Company based in Montreal, Quebec, Canada, where he led growth and expansion, resulting in the sale of the company to Enphase Energy earlier in 2021.
Earlier in his career, Pegler co-founded and served as CEO of Roof Diagnostics Solar, a fast-growing residential solar installation company that went from $0 to $100M in revenue in three years, hiring more than 500 employees. In 2014, Pegler oversaw the acquisition of Roof Diagnostics by NRG Energy, a Fortune 200 Company. After the acquisition, Pegler was named CEO of NRG Home Solar.
Pegler was hired because of the track record as an established leader of rapid growth companies, the company said in a statement. “He understands how to move quickly to capitalize on market opportunities in new industry sectors,” FlexGen added.
Brandt is a 15-year solar industry veteran with expertise in growth marketing, sales, technology, and turnarounds. Most recently, Yann led the turnaround of the leading solar hardware company, Quick Mount PV, where the company doubled revenues and was acquired by private equity within 14 months of his engagement.
Prior to that, Brandt was President for Americas at Conergy, acquiring over 100MW in assets and 1GW of pipeline with transactions of over $1 billion in mergers and acquisitions and project finance.
“Energy storage is the next frontier in energy,” said Brandt in a statement. “We’ve seen the impacts that a lack of grid resiliency can have on consumers throughout the country, from Texas to California and the Northeast.”
For the past eight years, Brandt has published a daily newsletter, SolarWakeup, which is read throughout the global industry and often cited by significant equities analysts, Brandt is also an appointed director on the board of the California Solar and Storage Association (CALSSA).
