FlexGen completed the acquisition of key assets and intellectual property from Powin.

FlexGen, an energy storage technology company, completed the acquisition of key assets and intellectual property from Powin, an energy equipment and solutions company. Financial terms were not disclosed. "Powin is proud of the technology and projects we’ve delivered. The goal was to ensure that those systems and customers are supported by an industry leader that provides the support and services enabling reliable, long-term operation. Based on their experience and reputation, and having collaborated with their team in recent days, we have full confidence that FlexGen is that leader,” Brian Kane, Powin CEO.