As seen in the New York Times
Below is an excerpt from the June 22nd New York Times article titled: Veterans Use Battlefield Experience to Build Businesses
Other veterans have developed business ideas to help the military directly. For Doug Moorehead, a former Navy Seal from Cambridge, Ohio, the number of soldiers killed while escorting fuel convoys in Iraq motivated him to start a business.
Fuel was a precious resource, which also made those transporting it prime targets for insurgents. In Iraq, one soldier was injured or killed for every 39 fuel convoys, according to the Army Environmental Policy Institute, which is part of the military.
“I needed to find a way to reduce the number of soldiers, sailors and Marines in harm’s way on the battlefield,” Mr. Moorehead said.
His experiences led him to develop a hybrid generator that runs more efficiently. His new generators use 50 to 70 percent less fuel than previous models.
Now, various military divisions use the hybrid generators made by his company, Earl Energy. In 2013, Mr. Moorehead created a sister brand, FlexGen, now a separate company, to sell his hybrid generators to commercial clients. He now has 32 employees and has raised nearly $40 million in financing.
Several oil and gas companies have already purchased FlexGen generators, and the company is currently in discussions with various hospitals and mining companies around the world.
FlexGen is a leading energy storage technology company. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Our customers and partners include the most technically and commercially demanding developers, utilities, government agencies, and industrial companies in the world. For more information, visit www.flexgen.com.