Intervale Capital has made an equity investment in FlexEnergy, Inc. Headquartered in Portsmouth, NH, Flex manufactures small natural gas turbines. Flex's gas turbines provide highly reliable, low maintenance clean power and heat to customers globally, often in remote areas where the electrical grid can be unreliable, expensive or absent altogether. Intervale's investment will support Flex as it increases production, expands its geographic presence and continues to broaden its product line.
The technology behind Flex's turbines was developed over two decades by Ingersoll Rand and was acquired by Flex in 2010. Since 2010, Flex has further developed and refined the technology and product offering. It currently offers 250 and 333 kW turbines. FlexEnergy turbines are unique among micro-turbines as their design is based on larger capacity power generation turbines, which utilize a more reliable synchronous generator and rugged load management system.