About PowerFlex
Company Overview
PowerFlex, a subsidiary of EDF Renewables
HeadquartersSan Diego, California, United States
Founded2017
SizeApproximately 100 employees (source: zoominfo.com). Revenue reported under $5 million in 2023 (source: zoominfo.com).
What They Do
PowerFlex specializes in providing innovative cleantech solutions, focusing on onsite solar photovoltaic systems, battery energy storage, and smart electric vehicle (EV) charging. Their Adaptive Load Management (ALM) technology optimizes energy usage without requiring infrastructure upgrades, making it particularly appealing for commercial and industrial (C&I) clients. The company also offers microgrid solutions that enable grid-independent operations, alongside the PowerFlex X intelligent energy management platform, which integrates various energy assets for real-time optimization and monitoring (source: powerflex.com). Their products and services are designed to enhance energy security, reduce costs, and support decarbonization efforts across sectors such as manufacturing, logistics, and automotive (source: powerflex.com). By consolidating their offerings post-2021, PowerFlex has positioned itself as a comprehensive provider of energy solutions, leveraging patented technologies and a robust supply chain to deliver competitive pricing and financing options (source: powerflex.com).
Projects & Track Record
PowerFlex has established a strong track record with over 500 MW of commercial solar installations and more than 50 MWh of onsite energy storage currently in operation or under construction. They have deployed over 50,000 EV charging ports, contributing to the avoidance of more than 100,000 tons of greenhouse gas emissions (source: powerflex.com). Notable projects include a 1 MW rooftop solar addition for ASICS at their distribution center in Byhalia, Mississippi, and the installation of 415 EV charging stations equipped with PowerFlex X technology across DHL Express service centers in major U.S. markets. Additionally, they have engaged in community solar projects for Continental Building Products and provided EV charging solutions for Ford in Palo Alto, California (source: zoominfo.com). The company’s geographic presence is primarily in North America, with a focus on scalability in the U.S. market, particularly in California and Mississippi, while emphasizing C&I onsite solutions (source: powerflex.com).
Recent Developments
In 2022, Manulife Investment Management made a significant investment in PowerFlex, acquiring a minority stake and a board position to support the company's growth initiatives (source: powerflex.com). The company raised $100 million in an unattributed funding round around 2023, contributing to a total funding of approximately $100.99 million (source: cbinsights.com). Recent project completions, such as the ASICS solar installation and the deployment of 415 EV chargers for DHL, highlight PowerFlex's ongoing contract wins and operational successes (source: zoominfo.com). Furthermore, the company has been actively involved in policy advocacy, particularly regarding vehicle-to-grid mandates and regulations that facilitate EV participation in virtual power plants (source: cbinsights.com).
Working There
PowerFlex offers a variety of roles across engineering, project development, sales, and policy compliance, with a strong emphasis on clean technology and distributed energy solutions. The company is primarily headquartered in San Diego, California, where most positions are based, although remote work options are available for certain tech roles due to the national scope of their projects (source: cbinsights.com). The culture at PowerFlex is centered around diversity, equity, and inclusion, fostering an environment that encourages innovation and authentic employee experiences (source: powerflex.com). While specific benefits are not extensively documented, the company is expected to offer competitive perks typical of the cleantech industry, supported by its backing from EDF Renewables (source: zoominfo.com).
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