Climate CEOs: Scaling Startups

Energy Storage Software: $275M Raised + 10GW Battery Deal


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Kelcy Pegler, CEO of FlexGen, shares how they’re scaling grid batteries with $275M raised, a 420MWh California project, and a 10GW agreement with the world’s largest battery maker.


My guest today is Kelcy Pegler, CEO of FlexGen, an energy storage software provider with $275M in investor capital raised to date.

In addition, Kelcy is the:

  • Founding Partner at Charles Joy Ventures
  • Former President of NRG Home Solar
  • Former Executive Chairman of Sofdesk

In this episode, we talked about:

  • Their new 420MWh battery project in California
  • How they maximize energy storage revenue via load shifting, peak shaving, and ancillary services
  • Their revenue model
  • How they don’t sell, but instead help their customers to buy
  • Their 10 GW agreement with the world’s largest battery manufacturer
  • The recent rapid growth from 30 to over 200 employees
  • What Parkinson’s Law is and how to manage it
  • What you can learn from children’s books like Elephant and Piggy
  • Wisdom from tennis legends
  • And lots more

Hope you enjoy it!

And give Kelcy and FlexGen a shout-out on LinkedIn, Slack, or Twitter by sharing this podcast with your people.

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Entrepreneurs for Impact is on a mission to help climate innovators grow faster with new investment capital, share best practices among peers, expand their networks, and reach their full potential.

Here's our weekly newsletter — A 3-minute summary of climate tech startups, better habits, and deep work trends: https://entrepreneursforimpact.substack.com

Our main program is a Climate CEO Mastermind peer group community: https://entrepreneursforimpact.com

Our invite-only cohorts of 12 executives catalyze personal development and business growth via monthly meetings, annual retreats, and 1:1 coaching and strategy calls. Today’s highly curated Mastermind members represent over $8B in market cap or assets under management.

Programs are led by Dr. Chris Wedding — 4x founder, $1B of investment experience, and Duke University and UNC-Chapel Hill professor, with 70,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.

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Climate CEOs: Scaling StartupsBy Dr. Chris Wedding — Climate Tech CEO Coach | CEO @ EFI

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