HOUSTON – (Sept. 14, 2017) – The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) named FlexGen one of the 10 Most Promising Energy & Clean Technology Venture Companies at the 15th Annual Energy & Clean Technology Venture Forum in Houston this week. Energy & Clean Technology companies showcased their new offerings at the largest venture capital conference in the Southwest with 600 attendees, including investors, venture capitalists, industry representatives, business leaders, service providers, and entrepreneurs.
The two-day event culminated in an announcement of the 10 Most Promising Energy & Clean Technology Companies Award companies chosen from more than 225 startup applicants and judged by the Rice Alliance Energy & Clean Technology industry experts and interest generated from participating investors. This was the most startups to ever participate in the Energy Forum.
FlexGen, backed by Altira Group, General Electric, & Caterpillar, develops innovative power equipment for oil & gas, grid and industrial operations. Our products integrate sophisticated software, advanced energy storage, and power conversion technologies to improve cost, reliability, quality, safety, and sustainability of electrical power systems. Our team includes industry veterans from oil & gas, marine, and construction who lead customer engagements, product commissioning, and field support. Through our network of dealer partners, FlexGen delivers services and products globally. For more information, visit www.flexgen.com.
“We continue to deploy products and expand our footprint into oil & gas, industrial power and renewable energy markets. The forum provided an excellent opportunity to update industry leaders and investors on FlexGen’s growth and opened the door to new relationships with world class energy leaders, partners, customers and investors,” said FlexGen CEO Josh Prueher.
Eight of the ten most promising companies are based in the Houston area: Advantek Waste Management Services, Commando Pressure Control, Comitt Well Solutions, DataJudo, DynaView, FlexGen Power Systems, FlowCommand, Vertice Oil Tools and two from Canada: Ingu Solutions and Flyscan Systems. The announcement of the top companies was made at the end of the program.
“Every year the quality of companies improves,” said Rice Alliance managing director Brad Burke, who presided over the announcement of the winners of the Energy & Clean Technology Venture awards at the event. “Over the past 15 years, more than 2,000 companies have presented at Rice Alliance Technology Venture Forums. These companies have raised more than $3.1 billion in funding. This speaks to the quality of the companies and to the robust entrepreneurial ecosystem of investors that has been developed to support these companies. Despite the challenging economic environment over the past several years, good companies have been able to attract investors.”
The Forum was supported by Chevron, Shell, Mercury Fund, Aramco Energy Ventures, BP, GE, TechnipFMC, Total, Altira, ConocoPhillips, Lime Rock Partners, EV Equity Investment, Statoil, Energy Innovation Capital, Wells Fargo, Andrews Kurth, Norton Rose Fulbright, PKF Texas, Winstead, Vinson & Elkins LLP with supporting organizations Energy Valley, Inc., Leyendecker Executive Search, Greater Houston Partnership, Canadian Consulate and CleanTech Open, Energy Valley, Inc. Houston Angel Network and U.S. Department of Energy.