Cleantech startup FlexEnergy Inc quadruples size of headquarters as company grows

The Flex Powerstation was first successfully installed in 2010 at the Lamb Canyon landfill in Riverside, Ca.

Due to the rapid expansion of Irvine-based FlexEnergy Inc, the company recently moved its headquarters to a location four times larger, the Orange County Business Journal reports.

The additional space will accommodate new hires, corporate executives, and the company’s growing sales, marketing, research and development divisions. FlexEnergy Inc currently employs approximately 120 people and is expected to grow to 150 employees by the end of the year, Mike Levin, the company’s director of government affairs told the business journal.

FlexEnergy Inc, the developer of the world’s cleanest power platforms, recently acquired the energy systems division of Ingersoll Rand Co. in New Hampshire. The company also is expanding overseas, with pending deals in France and South Korea.

Startup FlexEnergy Aims To Generate Power From Landfills

By Chris Casacchia
Orange County Business Journal
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2011 could be a big year for Irvine’s FlexEnergy LLC, a startup that’s hoping to reach viability on a system that turns methane gas from landfills into electrical power.

The company has test projects in place, its first commercial deal in the works, a recent $8 million round of funding and expansion plans for its headquarters.

FlexEnergy’s near-term goal is to produce its Flex Powerstation, a turbine and other equipment that breaks down methane gases and converts them to electricity with nearly no emissions.
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Orange County hits pay dirt with clean-tech industry

In today’s Los Angeles Times, Tiffany Hsu mentions Irvine-based FlexEnergy as one of the many greentech companies that has set up shop in Orange County:

“FlexEnergy, a clean-power company, is upgrading to a 30,000-square-foot office in either Santa Ana or Irvine that will be triple the size of the original. T3 Motion Inc., a Costa Mesa company that makes a three-wheel electric vehicle, is getting interest from security agencies and police departments and even had a cameo in this summer’s blockbuster film “Iron Man 2.””

Click here to read the full article.

Recession Slams List of Small Public Companies – OC Register

By Jan Norman
OC Register

The index of the smallest public companies just got a lot smaller, according to an Ernst & Young analysis of the Russell 2000 Index.

The Russell 2000 Index includes approximately 2,000 of the smallest U.S. securities based on a combination of their market capitalization and current index membership. It is compiled by Russell Investments, a global group of money managers.

Russell just added 326 new companies – including 11 in Orange County – to the index, the most additions in five years, Ernst & Young says. The 2009 Orange County additions to the Russell 2000 and their May, 29, 2009 market cap are:

• Acacia Research Corp., Newport Beach, $176.8 million
• Avanir Pharmaceuticals, Aliso Viejo, $99.4 million
• California First National Bancorp, Irvine, $126.7 million
• Clarient Inc., Aliso Viejo, $212.4 million
• DDI Corp., Anaheim, $79.2 million
• Diedrich Coffee Inc., Irvine, $92.7 million
• Endologix Inc., Irvine, $97 million
• ISTA Pharmaceuticals Inc., Irvine, $83.7 million
• Primoris Services Corp., Lake Forest, $172.1 million
• Spectrum Pharmaceuticals Inc., Irvine, $180.1 million
• SRS Labs Inc., Santa Ana, $89.5 million

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