FLS Energy
FLS Energy is a private Asheville, North Carolina-based solar energy developer founded in 2006 that has developed nearly 100 solar projects, serving utilities and commercial off-takers with project development and EPC services.
- Company typePrivate
- Founded2006
- HeadquartersAsheville, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What FLS Energy does
FLS Energy is a US-based private solar energy development company founded in 2006 and headquartered in Asheville, North Carolina. The company develops solar energy projects, having successfully delivered approximately 100 projects since inception, serving utilities, commercial off-takers, and likely community and municipal customers in its regional market. Its core offering is solar project development, which encompasses siting, permitting, design, construction oversight, and project finance — typical activities for a mid-sized distributed-generation solar developer.
The business operates on a project-based revenue model, deriving income from development fees, EPC margins, and likely the sale or long-term operation of completed solar assets under power purchase agreements or commercial contracts. FLS Energy has secured institutional capital to support growth, including a $30 million round in January 2014 led by Capricorn Investment Group alongside New Energy Capital, Novus Energy Partners, and Vision Ridge Capital Partners. The company employs 51-100 people and maintains a dedicated finance function with Ken Kaplan serving as Chief Financial Officer.
FLS Energy competes within the regional distributed and mid-scale solar development segment, where competitive advantage is built on permitting expertise, utility relationships, project finance access, and execution track record accumulated over nearly two decades of continuous operations. Pricing and contract structures are not publicly disclosed but are consistent with custom enterprise arrangements typical of solar project sales and PPAs.
FLS Energy firmographics
Firmographics- Name
- FLS Energy
- Legal name
- Cypress Creek Energy
- Website
- https://flsenergy.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- FLS Energy is a private Asheville, North Carolina-based solar energy developer founded in 2006 that has developed nearly 100 solar projects, serving utilities and commercial off-takers with project development and EPC services.
- Ownership category
- akta.pro rank
FLS Energy industry classification
Industry- Product category
- Solar Energy Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)
Keywords
Where FLS Energy is headquartered
LocationHeadquarters
- HQ city
- Asheville
- HQ country
- United States
- HQ region
- North America
Markets served
FLS Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D
Revenue model
- Energy Generation & Sales: The company owns and operates solar and energy storage projects that generate electricity. Revenue is derived from selling electricity to utilities and grid operators through long-term power purchase agreements or merchant power sales.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
FLS Energy product offering
Product offeringCore offering
FLS Energy is a privately held solar energy project development company founded in 2006 and headquartered in Asheville, North Carolina. The company has developed nearly 100 solar energy projects since opening its doors, providing development services for solar power infrastructure projects in the United States. The firm operates with 51-100 employees as a for-profit private company serving the U.S. renewable energy market.
Product overview
FLS Energy (Cypress Creek Energy) offers a unified suite of energy infrastructure services built around four core offerings: Utility-Scale Solar, Energy Storage, Commercial Capabilities, and Operations & Maintenance. The company develops, finances, owns, and operates solar and storage assets across the United States, with the Cypress Creek Solutions O&M team providing ongoing maintenance for projects totaling 8.6GW across 28 states. The portfolio integrates solar generation with storage solutions to deliver dependable power and firm capacity.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Energy Project Development Solar energy project development services for utility and commercial customers, including site development, project deployment, and infrastructure build-out. FLS Energy has developed nearly 100 solar energy projects since its 2006 founding.
Quantifiable outcome
- 19GW of solar and energy storage projects commercialized across the United States
- +2 more outcomes
Companies that use FLS Energy
Customer profileSegments2 records
Ideal customer profiles1 record
FLS Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FLS Energy partnerships and signals
Strategic signalScale indicators6 records
Recent moves3 records
Expansion highlights3 records
FLS Energy competitors and assessment
Company assessmentRegional players
- Southern Energy Management: North Carolina-based solar installer and developer focused on residential, commercial, and small utility-scale projects. Comparable regional NC presence and project development orientation, though smaller and more distributed in focus.
- Renu Energy: North Carolina-based solar EPC and developer serving residential, commercial, and small utility-scale customers. Comparable NC regional presence and full-stack solar development offering.
Direct peers
- Pine Gate Renewables: US utility-scale solar and storage developer operating across multiple states. Comparable developer-led model in solar and storage, with a similar target customer base of utility offtakers.
- Strata Clean Energy: North Carolina-headquartered utility-scale solar and storage developer with a comparable regional Southeast US focus. Highly comparable to FLS Energy in scale, geography, and product mix of solar plus storage projects.
- Pivot Energy: US community and utility-scale solar developer with a distributed-to-utility portfolio model. Comparable in developer (not just EPC) orientation and in serving both community solar and larger utility customers.
- Hecate Energy: US solar and storage developer with utility-scale and community solar projects across multiple states. Comparable developer business model and project types to FLS Energy.
Emerging players
- Catalyze: US distributed solar and storage developer focused on commercial, industrial, and community solar. Comparable as a smaller-scale developer serving behind-the-meter and small utility customers with solar plus storage.
Broad incumbents
- EDF Renewables North America: Major utility-scale renewable developer and IPP in the US, with a significant solar and storage pipeline. Operates as a broad incumbent competitor for utility-scale RFPs that FLS Energy would also target.
- MN8 Energy: US-based solar and storage developer and operator with utility-scale and distributed assets. Comparable as a vertically integrated solar and storage developer competing in the same US market segments as FLS Energy.
- Cypress Creek Renewables: Large US utility-scale solar and storage developer and IPP. Operates as a broader incumbent in the same space as FLS Energy and is a natural consolidator/acquirer of regional developers like FLS Energy.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
FLS Energy social profiles
Digital presenceFLS Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
FLS Energy leadership team
Management profileNumber of profiles
Profiles1 record
FLS Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
FLS Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FLS Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FLS Energy
What does FLS Energy do?
FLS Energy is a privately held solar energy project development company founded in 2006 and headquartered in Asheville, North Carolina. The company has developed nearly 100 solar energy projects since opening its doors, providing development services for solar power infrastructure projects in the United States. The firm operates with 51-100 employees as a for-profit private company serving the U.S. renewable energy market.
Is FLS Energy a public or private company?
FLS Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was FLS Energy founded?
FLS Energy was founded in 2006. It employs 51 to 100 people.
Where is FLS Energy based?
FLS Energy is headquartered in Asheville, United States, in the North America region.
How does FLS Energy make money?
One revenue line is on record: energy Generation & Sales.
Who are FLS Energy's main competitors?
Regional players on record are Southern Energy Management and Renu Energy. Direct peers are Pine Gate Renewables, Strata Clean Energy, Pivot Energy and Hecate Energy. Catalyze is listed as an emerging player. Broad incumbents are EDF Renewables North America, MN8 Energy and Cypress Creek Renewables.
Does FLS Energy have an API?
No public API is recorded for FLS Energy.
What industry is FLS Energy in?
FLS Energy's product category is Solar Energy Development. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAMAAAG, Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence). Its NAICS code is 221114 and its SIC code is 4991.