Duos Technologies Group subsidiary Duos Energy has signed a two-year Asset Management Agreement (AMA) with Fortress Investment Group to deploy and operate a fleet of mobile gas turbines and a balance of plant inventory with a combined capacity of 850MW. Fortress Investment Group acquired the portfolio of assets from APR Energy, and the transaction is expected to close upon the completion of customary closing conditions and regulatory approval.
“With rising demand across the globe for power generation, we see significant opportunity to deploy these high-capacity mobile turbines both in the US and internationally – and they’re available immediately,” said Chuck Ferry, CEO of Duos Technologies.
“With grid constraints in some markets and rising demand for power, we believe these assets offer an ideal solution for immediately available behind-the-meter power generation,” said Robert Warden, managing director at Fortress.
