Flexin Power Systems, providing battery energy storage solutions and energy management software, announced that the US bankruptcy is approved for the District of New Jersey, chairing the case of the US bankrupt court, Pan and its affiliates, for the sake of the Flexin’s business.
In June, Oregon -based batteries and supplier Paine filed a bankruptcy for the bankruptcy of Chapter 11. The company had earlier warned in May that it was getting ready to go to more than 200 employees, which led to it before filing. Pavin said more than $ 300 million in his filing and said only 85 employees were left. The company was proud of the roster around 500 at the beginning of the year.
Although Pavin did not clearly clarify its reason to file for Chapter 11, the company relies on the components of lithium iron phosphate (LFP) from China to produce its products. Despite the recent strange war with the United States, the cost of importing Chinese goods in the past few months has suffered from the sky, and tariff operations threaten to disrupt the global battery supply chain, which improves the future of such businesses.
Through acquisition, Filxen Pain will own all IP, including hardware IP, software IP and information technology system as well as a heavy spare parts inventory. At the end of the acquisition, Flexagin will support more than 25 GWH battery energy storage systems and 200 projects in 10 countries in its portfolio. Flexin’s remote Operations Center (ROC) will achieve the system to ensure continuity for Pointe users, while its Flexan hybridos software, analytics module and life cycle services will be available to provide additional insights.
“This is an important milestone, not only for Flexan, but also for the whole industry, because storage is no longer a good thing, but it is necessary to meet global energy demand and opportunities,” said the CEO of Kalisi Piglers, Flexin. “With this acquisition, we will continue to provide grids, data centers and communities to provide development and intelligence to develop the world of growing energy needs.”
Earlier this summer, a power contracting company, Flexin and Rosenin, a power contracting company owned by the United States largest employee, has announced that they are involved in the Utility Skills Skills and Skillery Skills to support the data center’s operations without relying on the traditional unmanaged power supply (APS) infrastructure. Companies are fighting on a utility scale battery solution to be located outside the data center building, as part of the medium voltage (1,000V to 35,000V) infrastructure. The purpose of the companies is to bring a first type of base market that can act as a reliable, high performance alternative to the traditional UPS system outside the data centers, while the system simplifies architecture and reduces capital costs.
Flexible bilateral link projects are emerging as a promising method to get online, and the pairing battery storage is faster to bring online compared to co -operative gas production, making this solution potentially attractive for data center developers. Rosenda and Flexin believe that the results of the integration will help to inform the system of architecture standards, purchase planning, and widespread deployment strategies for future data center projects and suppliers throughout the industry.
Last December, Flexejin announced plans for Zinc -based Long Doring Energy Storage (LDES) System Manufacturer EOS Energy to bring the first domestic Bess option to the US market. Companies signed a joint development agreement to develop and make the US’s first fully integrated domestic storage solution, which connects the Z3 Z3 Zinc-Bromen batteries with Flexin’s hybridos EMS and domestic inverter and transformer package. The final result will be a custom solution for several applications, behind the grid scale to the meter energy storage system.
