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Asheville's FLS Energy plans eight new solar farms in NC

By Cathy Martin - Jun 19, 2014 - 10:00:00 am

FLS Energy, ranked as North Carolina's fastest growing company in 2011 and 2012 by Inc. magazine, will build eight new solar farms across North Carolina. The projects will add 38 megawatts to the 50 megawatts of solar projects FLS owns and operates in the Southeast. Charlotte-based Duke Energy will purchase the electricity generated by the solar farms.

The Asheville-based company, started in 2006 by co-founders Dale Freudenberger and J. Hardy LeGwin, announced in May it had received an undisclosed amount of money for expansion.

Investors include Hanover, N.H.-based New Energy Capital Partners; the CleanTech Alliance Fund, managed by Minneapolis-based North Sky Capital; and Alexandria, Va.-based Novus Energy Partners.

FLS plans to add a total of 80 megawatts in 2014 and 150 megawatts in 2015.

The company's 2012 revenue was $38.6 million, according to Inc. magazine.

Earlier this week, Green America named FLS Energy one of three winners of its quarterly "People and Planet" award. The Washington, D.C.-based environmental advocacy group recognized U.S. companies with 50 or fewer employees for their commitment to the environment in business strategies and operations.

 

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