FlowGen, setting a new standard in energy independence with turnkey smart microgrid solutions integrating compact hyper-efficient wind turbines, solar, and battery storage, is pleased to announce that it has commenced its London-led fundraising process to raise €32 million (c.£28 million) primarily from UK-based European and institutional and strategic investors.
- Next-generation microgrid solutions developed by an experienced management teamformerly in international motorsport, automotive engineering, aerodynamics and materials development.
- FlowGen ‘Green Centres’ have already been adopted in projects with both public and private customers operating in port and airport facilities, as well as in the military.
- FlowGen combines hyper-efficient wind turbines, solar panels, batteries, and intelligent energy management systems to provide a cost-competitive and secure energy supply, both off-grid and grid-connected.
- FlowGen’s hyper efficient turbine designs developed using leading-edge computational fluid dynamics, has resulted in producing the next-generation in rotor design – operating more efficiently with smaller span blades and at lower speeds.
- Gross pipeline of €912m ready to deploy over the following 12 to 36 months.
FlowGen is a leader in the development of microgrids, localised energy systems that can generate, store, and distribute electricity within a specific area, such as a military base, airport, industrial facility, or even neighbourhood. They can operate in connection with the primary power grid or independently in “island” mode, providing secure and reliable power during outages or in remote locations. By integrating renewable energy sources, batteries, and advanced optimisation software, FlowGen’s microgrids improve energy efficiency, reduce costs, and enhance resilience. They are increasingly used to support critical infrastructure, decarbonisation efforts, and sustainable energy management, giving communities and businesses greater control over their electricity supply.
Use of proceeds:
- Manufacture of Green Centres and turbines for leasing fleet and sales;
- Investment in tooling and automation to lower unit costs;
- General working capital.
With a pipeline of €912m ready to deploy over the following 12 to 36 months, once the new growth capital has been raised, FlowGen expects to generate revenue of €20.6 million and EBITDA of €5.9 million in the first 12 months to 31 December 2026, growing to revenue of €87.0 million and EBITDA of €34.9 million in the year to 31 December 2028.
FlowGen is driving the future of energy generation with hyper-efficient wind turbines that are both scalable and rapidly deployable. A lower levelised cost of energy than peers means that the Company’s technology delivers strong economic performance and a clear competitive advantage.
FlowGen generates highly predictable, high-margin revenue through its two sales models: Its primary driver, the asset-backed leasing model, which creates recurring income over multiple years with high visibility, as well as Capital Equipment sales. Its proprietary technology is protected by five global patent families, across the EU, the US and China, providing security over its proprietary products until at least 2037-2043.
FlowGen is targeting the fastest-growing segments of the global microgrid market, which is expected to grow at 18% per annum to $47bn by 2030, according to Mordor Intelligence. The focus on three strategically selected markets — high-cost energy markets, low-cost energy markets where remote “island” power is needed, and large-scale users (e.g., telecoms) predominantly for energy security in remote areas — ensures a sustainable economic advantage.
Whether the requirement is for as little as 15kW single wind turbine or up to and beyond 2MW of additional energy generation from a campus of Green Centres, FlowGen has an integrated solution suitable for a myriad of applications. The technology has been proven through real-world validation with key customers, including the UK Ministry of Defence, which has installed a Green Centre at a UK Military airbase. Other commercial installations include a Green Centre for EV car charging at Munich Airport, and a Norwegian test centre amongst others for offshore oil platforms. Additionally, it has received independent confirmation from German industrial giant Siemens. Strong partnerships with blue-chip suppliers, including Siemens, Schaeffler, Invenio, and Toray, enable rapid and high-quality scale-up of production. The Company has a further strategic benefit in not having any material supply chain exposure to China.
FlowGen is run by a highly experienced team, led by CEO Dirk Kuster, who began his career in the automotive sector, building expertise in material analysis with Rheinmetall in Germany, as well as in aerodynamic case studies and prototype development in wind tunnels. His engineering skills saw him manage complex technical projects for Ferrari and Lotus, and his leadership in motorsport culminated in three consecutive world championships as team leader of Porsche’s GT3 racing team.
HMT LLP, a leading corporate finance boutique based in the UK, is acting as the exclusive Financial Adviser to FlowGen.
Dirk Küster, CEO of FlowGen, commented: “The new growth capital will allow FlowGen to accelerate the rollout of its green products and solutions to meet the growing demand from some of the world’s leading companies and organisations, reinforcing our position as a trusted partner in key markets.
“We are proud to be raising capital through London, one of the world’s leading financial hubs, where the depth and sophistication of the private markets provide an unparalleled platform for growth and innovation. This funding round is a pivotal step in our journey, and we are excited to welcome new shareholders to the register, who will play an integral role in supporting our ambitions.”
“More broadly, this investment will enable us to pursue strategic initiatives, strengthen our operational capabilities, and fully unlock the potential of FlowGen. With the support of our shareholders, we are well-positioned to drive sustainable growth and expand our global footprint.”
