Powerflex Receives A $100M Investment From Manulife Investment Management

Dec 13, 2022•over 2 years ago

Amount Raised

$100 Million

New YorkEnergy ManagementSolarRenewable EnergyEnergySoftware

Investors

Manulife Investment Management

Description

PowerFlex, an EDF Renewables North America affiliate and leading provider of intelligent solar, storage, and electric vehicle (EV) charging solutions for commercial and industrial customers, today announced a $100 million investment from Manulife Investment Management (Manulife IM) on behalf of investors. With this transaction, Manulife IM holds a minority stake in PowerFlex and has joined its Board of Directors; EDF Renewables retains majority ownership. Manulife IM has also acquired a portfolio of existing operating assets to serve as the basis for a dedicated financing vehicle for future projects.

Company Information

Company

PowerFlex

Location

New York, New York, United States

About

PowerFlex, an EDF Renewables affiliate, is a leading national provider of intelligent onsite energy solutions that support carbon-free electrification and transportation. The Company delivers integrated solar, storage, EV charging, and microgrid systems to businesses and organizations. As a single full-service provider, PowerFlex customizes clean technology solutions to help clients achieve their energy and sustainability goals. Through the comprehensive PowerFlex X platform, PowerFlex leverages patented smart software to control, monitor, and optimize a client's distributed energy resources to reduce cost and maximize return on investment. For more information, visit www.powerflex.com. Connect with us on LinkedIn, YouTube, and Twitter.

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