FlexEnergy  Inc will be exhibiting at SWANA’s 35^th Annual Landfill Gas Symposium

March 19-22, 2012
Gaylord Palms, Orlando FL

Booth # 130

www.lfg.swana.org

FlexEnergy was proud to attend the third annual ARPA-E Energy Innovation Summit this week in Washington, DC. During the event, former President Bill Clinton provided a keynote that highlighted several policy areas, including the importance of methane-to-energy projects, such as those offered by FlexEnergy. As explained in GreenTech Media’s summary of the speech:

[Clinton] noted that there was no reason the U.S. shouldn’t have a federal finance model for capturing GHG from landfills and agricultural waste. A successful model could also be an example for the rest of the world. Unlike transmission, Clinton did not offer an example of what that might look like, especially with low natural gas prices. One firm that was at ARPA-E, FlexEnergy, can work with low-quality methane making the payback potentially achievable for municipalities with landfill gas that is currently being flared. The technology, however, is still young and is in pilots.

In Orange County, the FlexEnergy system of eight powerstations is expected to pay for itself in five to six years based on the revenue from the gas, and how much will be saved in fees to monitor and maintain the flare that currently burns the methane at the landfill. Theoretically, a federal policy that regulated the treatment of landfill gas could help scale methane capture and processing technologies.

The full article GreenTech media article can be viewed here:

http://www.greentechmedia.com/articles/read/bill-clinton-offers-three-big-energy-ideas-at-arpa-e/

23rd Annual GLOBALCON Conference & Expo

March 7-8th, 2012 • Booth #452
Atlantic City Convention Center / Hall B
Atlantic City, NJ

www.globalconevent.com/

IRVINE, Calif., February 24, 2012 – FlexEnergy Inc (www.flexenergy.com), a company that transforms a range of gases into a clean energy source, participated in a panel discussion titled “California’s New Program for Helping Companies Generate Clean Local Energy: The New Self-Generation Incentive Program (SGIP) and How Your Company Can Use It.” Mike Levin, vice president on Government Affairs, spoke at the event, demonstrating the number of ways businesses can take advantage of the new SGIP. The event was hosted by the Clean Coalition Panel and the Silicon Valley Leadership Group.

The event comes in response to recent additions made to the SGIP by the California Public Utilities Commission (CPUC). The new changes allow businesses to install distributed generation technologies at a discounted rate. The program is intended to reduce peak demands, help customers realize power and costs savings, and reduce greenhouse gas emissions in California. SGIP is best suited for distributed generation systems that can convert natural gas or biogas into energy or heat for on-site use. Systems like FlexEnergy’s MT250 turbine technology, which has already been installed in around 70 locations across California.

“We see distributed generation as a key part of America’s energy future,” said Mike Levin. “The SGIP is a great program that will ultimately help businesses achieve greater energy efficiency and help California cut down on its emissions.”

Industrial, commercial, and government facilities with a source of natural gas or methane qualify to take advantage of the SGIP. Those that participate in the program can receive up to 60 percent of the overall project cost in financial incentives.

For more information on FlexEnergy and its systems, please visit www.flexenergy.com.

About FlexEnergy Inc:

FlexEnergy Inc (www.flexenergy.com) is the developer of the world’s cleanest energy platforms, transforming a range of gases into a clean energy source. FlexEnergy Inc manufactures a product line of gas turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine™ MT250is the leader in its class with hundreds of thousands of field operating hours burning low to high Btu gases.  The Flex Powerstation™ FP250 with the patented thermal oxidizer is the only turbine that offers both pollution control and energy generation from low quality methane. FlexEnergy Inc is headquartered in Irvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

For more information, visit www.flexenergy.com.

FlexEnergy Inc Investors include SAIL Capital Partners, a cleantech investment firm with unique global insight into technologies, markets and opportunities (www.sailcapital.com), and RNS Capital Partners, a closely held private equity firm with investments in energy services, clean technology and education (www.rnscapitalpartners.com).

# # #

Contact:
Katie Christopher Franklin or
Jessica Ross
(202) 974-5084
christopherk@ruderfinn.com

IRVINE, CA, February 16, 2012 – Today, FlexEnergy Inc (www.flexenergy.com), a technology company based in Irvine, California, which designs and manufactures innovative systems capable of producing continuous energy with near-zero emissions from a broad range of fuel sources, announced that the board of directors has appointed Jay Mitchell as the company’s President and Chief Operating Officer. He brings to FlexEnergy his extensive experience in raising capital from third parties to fund near-term growth and expansion. Jay’s initial focus will be on raising capital for FlexEnergy’s continued growth, new product development and commercialization of its technologies.

“Jay Mitchell brings an abundance of knowledge and experience in the energy industry to our team to support our continued expansion in the marketplace,” said Joe Perry, FlexEnergy CEO. “Jay has a wealth of experience from co-founder of a startup equipment business to a C-Level executive of NYSE listed energy equipment manufacturers. We are tremendously looking forward to working with him.”

Jay has a strong operations background in manufacturing environments and a proven record of success with manufacturing process improvement. Throughout his career he has raised almost $1 billion in capital for both high level corporations and small start-ups.

“I am pleased to be part of FlexEnergy as we transition from start-up to high growth,” said Jay. “I’m looking forward to working with the team during this exciting time as we expand in the marketplace and address the rapidly evolving energy needs.”

Jay previously served as Senior Vice President and Chief Financial Officer at Texas-based T-3 Energy Services, Inc., a publicly traded company and leading global manufacturer of blowout preventers to the oil & gas industry. Under his direction, T-3 expanded product lines, market share and profitability throughout changing market conditions. Prior to his role at T-3, Jay served as Chief Financial Officer of the Latin American Land and E&P services of Pride International, Inc. Most recently, Jay raised approximately $30 million for an energy equipment company where he was a founder.

For more information on FlexEnergy and its systems, please visit www.flexenergy.com.

About FlexEnergy Inc:

FlexEnergy Inc (www.flexenergy.com) is the developer of the world’s cleanest energy platforms, transforming a range of gases into a clean energy source. FlexEnergy Inc manufactures a product line of gas turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine^TM MT250is the leader in its class with hundreds of thousands of field operating hours burning low to high Btu gases.  The Flex Powerstation^TM FP250 with the patented thermal oxidizer is the only turbine that offers both pollution control and energy generation from low quality methane. FlexEnergy Inc is headquartered in Irvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

For more information, visit www.flexenergy.com.

FlexEnergy Inc Investors include SAIL Capital Partners, a cleantech investment firm with unique global insight into technologies, markets and opportunities (www.sailcapital.com), and RNS Capital Partners, a closely held private equity firm with investments in energy services, clean technology and education (www.rnscapitalpartners.com).

# # #

Contact:
Katie Christopher Franklin or
Jessica Ross
(202) 974-5084
Katie@FinnPartners.com

IRVINE, CA, January 31, 2012 – Today FlexEnergy Inc (www.flexenergy.com), a company that transforms a range of gases into a clean energy source, announced the addition of three new members to its board of directors. The recently appointed board members include John Ryan, former President  & CEO of Dresser, Inc.; Chuck Packard, President & CEO of INGENCO; and Steve Krablin, former CEO of T-3 Energy Services Inc. and CFO of National Oilwell Varco.

“Our three newest board members are visionaries who have helped shape the energy industry,” said Joe Perry, chief executive officer of FlexEnergy. “Each brings over thirty years of leadership experience, and their extensive knowledge of the industry will assist FlexEnergy to continue to grow and succeed as a company.”

The newly appointed board members have each had distinguished careers in the industry. Their accomplishments as well as their involvement with FlexEnergy include the following.

• John Ryan: As President & CEO of Dresser, Inc., Ryan managed and grew the company until its successful sale to General Electric. As a FlexEnergy board member Ryan’s role will be to help with the organization’s strategic planning and sales strategies.

• Chuck Packard: For the past 25 years, Packard, President & CEO of Ingenco, has served as a leader in the field of cogeneration and independent power production in the landfill gas to energy marketplace. At FlexEnergy, Packard will help with installation-specific planning and the de-risking of new equipment.

• Steve Krablin: Prior to T-3 Energy Services Inc., Krablin served as the chief financial officer of National Oilwell Varco from 1996 to 2005. Krablin will use his wealth of financial experience at FlexEnergy, helping to make ongoing improvements and refinements to the company’s financial accounting, controls and reporting.

John Ryan, Chuck Packard and Steve Krablin join FlexEnergy’s seven other esteemed board members, including the Honorable Stephen L. Johnson, former Administrator of the EPA, to help direct the company’s continued growth. They have already begun to play an active role with the company and will be guiding the organization as it moves forward.

For more information on FlexEnergy and its systems, please visit www.flexenergy.com.

About FlexEnergy Inc:

FlexEnergy Inc (www.flexenergy.com) is the developer of the world’s cleanest energy platforms, transforming a range of gases into a clean energy source. FlexEnergy Inc manufactures a product line of gas turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine^TM MT250 is the leader in its class with hundreds of thousands of field operating hours burning low to high Btu gases.  The Flex Powerstation^TM FP250 with the patented thermal oxidizer is the only turbine that offers both pollution control and energy generation from low quality methane. FlexEnergy Inc is headquartered in Irvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

For more information, visit www.flexenergy.com.

FlexEnergy Inc Investors include SAIL Capital Partners, a cleantech investment firm with unique global insight into technologies, markets and opportunities (www.sailcapital.com), and RNS Capital Partners, a closely held private equity firm with investments in energy services, clean technology and education (www.rnscapitalpartners.com).

# # #

Contact:
Katie Christopher Franklin
(202) 974-5084
Katie@FinnPartners.com

FlexEnergy Gas Turbines to Provide Clean Onsite Power at Natural Gas Processing Facility

Irvine, Calif., January 30, 2012 –

Today FlexEnergy Inc (www.flexenergy.com), a technology company that designs and manufactures innovative systems capable of producing continuous clean energy from a broad range of sources, announced its selection by an east coast, investor-owned electric and gas utility, to transform the waste gas produced liquefied natural gas facility into an energy-efficient source of electricity, heat and hot water. Four of the company’s Flex Turbine™ MT250s have been shipped as part of the client’s organization-wide environmental initiatives.

The project reduces the liquid natural gas processing plant’s environmental footprint, increase efficiency by using waste gas and generate savings that will positively affect the company’s bottom line.

The FlexEnergy system will generate one megawatt per hour of continuous clean baseload power while also producing heat for LNG facility operations.  Surplus power that is not used onsite will be passed on to the electricity grid.

“We are committed to helping our customers meet and exceed their energy-efficiency goals,” said Joseph Perry, CEO of FlexEnergy Inc. “The Flex Turbines will allow NSTAR to comply with regulations, reduce its carbon footprint and generate clean baseload energy to power its processing plant without drawing from the grid.”

The Flex Turbine™ MT250s will be manufactured in FlexEnergy’s nearby Portsmouth, N.H. facilities.  The systems are expected to begin generating onsite energy in early 2012.

About FlexEnergy Inc:

FlexEnergy Inc (www.flexenergy.com) is the developer of the world’s cleanest energy platforms, transforming a range of gases into a clean energy source. FlexEnergy Inc manufactures a product line of gas turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine™ MT250 is the leader in its class with hundreds of thousands of field operating hours burning low to high Btu gases.  The Flex Powerstation™ FP250 with the patented thermal oxidizer is the only turbine that offers both pollution control and energy generation from low quality methane. FlexEnergy Inc is headquartered in Irvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

For more information, visit www.flexenergy.com.

FlexEnergy Inc Investors include SAIL Capital Partners, a cleantech investment firm with unique global insight into technologies, markets and opportunities (www.sailcapital.com), and RNS Capital Partners, a closely held private equity firm with investments in energy services, clean technology and education (www.rnscapitalpartners.com).

Contact:
Katie Christopher Franklin
(202) 974-5084
Katie@FinnPartners.com

Jessica Ross
(202) 974-5027
Jessica@finnpartners.com

IRVINE, Calif., Jan. 17, 2012 /PRNewswire/ – FlexEnergy Inc (www.flexenergy.com), a company that transforms a range of gases into a clean energy source, has joined forces with global energy group BP (www.bp.com) to help it further reduce its carbon footprint at its Wamsutter, WY, water disposal facility.  Through a contract with Power Service Inc, three of FlexEnergy Inc’s Flex Turbine(TM) MT250s have been shipped to the BP facility. The 750kW system will effectively utilize pipeline natural gas to produce continuous power in a grid isolated environment, all while exceeding the highest air quality standards and powering on-site loads.

“BP has a need for reliable power generation from systems that meet the strictest air quality standards, require low maintenance, and are designed for remote, industrial sites,” said Jeremy Olson, General Manager, Power Service Inc. “With FlexEnergy’s gas turbine technology, we are meeting BP’s growing needs for power in an energy-conscious way and look forward to reducing both emissions and operating costs with the Flex Turbine™ MT250.”

The FlexEnergy systems will power 100% of BP’s onsite loads in the absence of a utility infrastructure.  This Flex Turbine™ MT250 system also allows BP to grow operations while maintaining air quality compliance in a highly regulated environment.

“We will continue to deliver our innovative technology to companies looking to gain independence from the power grid and produce clean energy,” added Joseph Perry, CEO of FlexEnergy Inc. “As BP has a growing need for reliable, independent power, the move to a cleaner technology will keep emissions within compliance while allowing the water disposal facility to power its continuous duty loads and stay in operation without the presence of a utility grid.”

For more information on FlexEnergy and its systems, please visit www.flexenergy.com.

About FlexEnergy Inc:

FlexEnergy Inc (www.flexenergy.com) is the developer of the world’s cleanest energy platforms, transforming a range of gases into a clean energy source. FlexEnergy Inc manufactures a product line of gas turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine(TM) MT250 is the leader in its class with hundreds of thousands of field operating hours burning low to high Btu gases.  The Flex Powerstation(TM) FP250 with the patented thermal oxidizer is the only turbine which offers both pollution control and energy generation from low quality methane. FlexEnergy Inc is headquartered inIrvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

For more information, visit www.flexenergy.com.

FlexEnergy Inc Investors include SAIL Capital Partners, a cleantech investment firm with unique global insight into technologies, markets and opportunities (www.sailcapital.com), and RNS Capital Partners, a closely held private equity firm with investments in energy services, clean technology and education (www.rnscapitalpartners.com).

http://www.prnewswire.com/news-releases/flexenergy-secures-contract-to-install-gas-turbine-technology-at-bps-wyoming-water-disposal-facility-137485723.html

The FlexEnergy-run project will turn gas from the Santiago Canyon landfill into clean energy to power homes.

BY ELAINE MURPHY
Published: January 11, 2012

http://www.ocmetro.com/t-Flex-Energy-methane-fuel-project-Santiago-Canyon-landfill-1-11-12.aspx

The Orange County Board of Supervisors unanimously approved an agreement to turn the decommissioned Santiago Canyon landfill in Orange into a source of renewable energy that will provide methane-based power to local homes. The agreement allows Irvine-based Flex OC Renewables, a subsidiary of FlexEnergy Inc., to move forward with its plans to build a power station fueled by methane produced by decomposing trash in the landfill.

Since the landfill closed in 1988, the garbage has burned off the methane released by its decomposition, releasing the pollutant into the atmosphere. The Santiago Canyon project will progress Orange County’s adaptation to new air quality standards for waste gas emissions, which will take effect in 2013.

The project, which will be completed later this year, will supply an estimated 1.5 to 2 megawatts of power, enough to power 1,500 to 2,000 homes.

The environmentally sophisticated project will use Flex Powerstation FP250 turbines to destroy the methane and produce energy. The turbines will transform the gas from an air pollutant into a source of clean energy, operating at a temperature that will prevent the creation of harmful elements such as nitrous oxide, carbon monoxide and volatile organic compounds (VOCs).

“By installing the Flex Powerstation FP250 power generation system, we will be able to beneficially reuse landfill gas to generate a source of revenue and renewable energy,” said FlexEnergy CEO Joseph Perry. “We expect Santiago Canyon to become a showcase facility that will enable Orange County to continue its leadership in clean technology, create jobs, improve our environment and reduce our dependence on foreign oil.”

FlexEnergy Fills Up With $18M Convertible Debt Round For Growth

By Yuliya Chernova
06 January 2012

FlexEnergy has a long to-do list for this year, as it answers to the growing interest from diverse customers like oil and gas companies, office buildings, and landfills, for its low-emissions micro-turbines. To that end, the company just raised an $18 million convertible debt round, VentureWire has learned.

“The investment is being made to assist us as we expand manufacturing and sales and marketing throughout the country,” said Joseph Perry, chief executive of the Irvine, Calif.-based company.

The company closed a $13 million round in early December from previous investors SAIL Capital and RNS Capital, and a $5 million follow-on more recently from SAIL’s sister fund Louisiana Sustainability Fund, Perry said.

In 2011, the company pulled in just shy of $9 million in revenue, Perry said, in its first year of commercial sales. Already it has an $8 million new order from an Orange County landfill that wants eight FlexEnergy systems that take methane emitted by the landfill, and convert it into electricity in a cheap, efficient, and state-subsidized way.

Still, the company is a couple of years away from profitability, said Perry.

The company’s growing demand comes from different sources. Office buildings, said Perry, can take advantage of the low natural gas prices to use natural gas for electricity generation with FlexEnergy’s micro-turbines, and reduce their electric utility bills.

Oil and gas companies, meanwhile, can use the transportable FlexEnergy systems on oil platforms and substitute the expensive diesel power there, or at hydraulic fracturing sites, that are often far from energy sources. FlexEnergy is shipping three of its systems to BP PLC now, said Perry.

FlexEnergy’s technology relies on a slow-combustion process inside metal cylinders. “That large steel vessel can be manufactured in Louisiana,” said Perry. The company is negotiating with state manufacturers who would supply the components for FlexEnergy’s systems. That would satisfy the mission of recently launched Louisiana Sustainability Fund that invests in later-stage companies that have both sustainable technologies and business in the state.

SAIL Sustainable Partners LLC is the general partner of the Louisiana fund and an affiliate of SAIL Capital Partners.

FlexEnergy is working on raising a Series C round of funding later this year from strategic investors, according to Walter Schindler, a FlexEnergy director and managing partner at SAIL Capital. That fund raising is being managed by investment bankers at Citigroup Inc., said Schindler.

http://blogs.wsj.com/venturecapital/2012/01/09/the-daily-start-up-lightbank-backs-contently-to-help-freelancers/

https://www.fis.dowjones.com/WebBlogs.aspx?aid=DJFVW00020120106e816awj2i&ProductIDFromApplication=&r=wsjblog&s=djfvw

http://www.flexenergy.com