Fortress Investment Group said funds managed by its affiliates have acquired the assets of APR Energy, comprising 30 mobile gas-powered turbines and related balance-of-plant inventory with a combined energy generation capacity of 850MW.

The turbines are immediately available for deployment.

In conjunction with the acquisition, Fortress has signed an agreement with Duos Energy Corporation, a company led by APR Energy’s former executive management team, to assist in overseeing the management and deployment of the assets.

Josh Pack, co-CEO and managing partner at Fortress, said: β€œEnergy infrastructure is an increasingly precious commodity – and is particularly critical for the build-out of data centres needed to advance AI applications.

β€œAcquiring these turbines allows us to offer, almost immediately, available energy capacity which, alongside our existing real estate financing and development capabilities, is a compelling proposition for customers seeking rapidly available data centre infrastructure.”

Bob Warden, managing director at Fortress, added: β€œMany data centre customers are focused on co-located renewable energy generation for the long-term, and that strategy is creating increasing demand for bridge- and supplemental-energy generation in the near-term. We expect demand for power to exceed supply for at least a decade, making high-capacity mobile generators a potentially ideal solution as renewable energy generation and additional grid infrastructure are built.”

Fortress affiliates have signed a two-year asset management agreement with Duos Energy Corporation, an operating subsidiary of Duos Technologies Group, to deploy and operate the fleet of mobile gas turbines and balance-of-plant inventory. Duos is already in active discussions regarding deployment to developers of immediate-demand power projects, including US-based data centre developers and other international projects.

β€œMobile gas turbines can be particularly valuable for customers needing Behind-the-Meter (BTM) power solutions as the assets can be deployed in a matter of weeks,” said Chuck Ferry, CEO of Duos Technologies Group. β€œThis offers a significant advantage over traditional utility power or new generation assets that can incur a 24-month or longer manufacturing timeline.”

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