Funding the renewable future

Flexens is a project development company founded in the Åland Islands. The company develops and implements cost-effective, innovative, flexible energy systems to support the transition to renewable energy.

Flexens partners with international and local actors, helping them with project initiation and financing structures, including building a solid business modeland supporting implementation.

Category

The transition to renewable energy can be cost-prohibitive. In addition, untested technologies bring the risk of in-stability to the grid, making utilities hesitant to move quickly. More and more investors and entrepreneurs have been stepping into the role of developer for such projects, willing to put their capita lat risk in order to be a part of creating a modern, intelligent and distributed grid.

Subcategory

Within the subcategory of private developers, there are start-ups like Flexens, investment arms of energy companies, and independent entrepreneurs like farmers who are converting their fields to wind or solar farms.

The benefits of working with Flexens is that they take an ecosystem approach, providing assistance with energy system study and design. Flexens claims to have expertise in hydrogen, storage grid optimisation, renewable transportation, heating, cooling, storage, and other sectors.

One hurdle to their success could be this ambition to encompass a broad range of technologies.

The company was founded by Clic Innovation and key actors in the energy sec-tor on the Island of Åland, to start implementing the Smart Energy Åland project.

Facts

Founded in: 2018
Founded by: Clic innovation and key actors from Åland's energy sector
Ceo: Berndt Schalin
Headquarters: Mariehamn, Åland
Employees 2021: 10
Privately owned and investors revenue: 2020: Pre-revenue

Visit the website of Flexens at https://flexens.com/

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With the Sustainability report, we want to recognise companies that not only have a great innovation or solution that has a significant impact on lowering CO2 emissions, but also have put in place measures to scale and commercialise.

The companies in the report have been thoroughly researched by the Megadeals team through interviews with highly ranked profiles within the organisations.

The key principle is that only when the great sustainability innovations scale and commercialise they can create a deep impact and the world a better place.

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