FlexGen and Sonnedix sign agreement to develop 10MWh of energy storage with solar

March 19, 2018

HOUSTON, Texas - March 19, 2018 - Today, Sonnedix USA Services Limited, an Independent Power Producer, and FlexGen, a leading supplier of energy storage technology and renewables integration, signed a Memorandum of Understanding to develop, finance and install 10MWh of energy storage at solar PV facilities within North America in 2018.

FlexGen will provide the design, integration and commissioning of turn-key energy storage systems coupled with solar generation, leveraging the company's FlexGen HybridOS software platform that provides integrated controls, real-time system optimization, and safety monitoring throughout the energy storage system's life. Sonnedix will provide the design, construction and financing of solar PV, building upon their more than 1.3GW of controlled solar capacity.

Sonnedix Power Holdings Limited (together with its subsidiaries, "Sonnedix") is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally. For more information about Sonnedix, please visit www.sonnedix.com.

FlexGenŽ, backed by Altira Group, General Electric, & Caterpillar, develops innovative power equipment for oil & gas, grid and industrial operations. FlexGenŽ products integrate sophisticated software, advanced energy storage, and power conversion technologies to improve cost, reliability, quality, safety, and sustainability of electrical power systems. The FlexGenŽ 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, FlexGenŽ delivers services and products globally. For more information, visit www.flexgen.com.