Fund Focused on Sustainability Growth in Louisiana Closes Second Investment

10 Jan 2012

SAIL Sustainable Partners announced today that its Louisiana Sustainability Fund has closed its second investment designed to spur economic growth in the State of Louisiana. The Fund invested in FlexEnergy Inc., one of the fastest growing companies in North America, adding more than 100 employees since 2009. FlexEnergy manufactures turbine systems capable of producing clean, continuous energy with near-zero emissions from a broad range of fuel sources, including methane and natural gas. SAIL Sustainable Partners LLC is the General Partner of the Fund and is an affiliate of SAIL Capital Partners LLC, a national cleantech investment firm that opened an office in New Orleans in 2011.

Although located in California, FlexEnergy is now looking for manufacturing and engineering partners in Louisiana, as well as evaluating the potential purchases of an oxidizer and piping from Louisiana companies. The Louisiana Sustainability Fund provided growth capital to FlexEnergy to support its expansion and development plans in Louisiana.

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SAIL Capital Partners LLC is a leading cleantech investment firm with a global vision of technologies, markets and opportunities. SAIL invests in cleantech companies with proven technologies, visionary leadership, measurable impact and exciting growth potential.

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