Duos Technologies to Deploy and Operate 850MW of Power Generation Assets

Duos Technologies to Deploy and Operate 850MW of Power Generation Assets

Duos Technologies to Deploy and Operate 850MW of Power Generation Assets

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Duos Technologies Group, Inc. (Nasdaq: DUOT), through its subsidiary Duos Energy Corporation, announces that it has signed an Asset Management Agreement (AMA) with Fortress Investment Group (FIG) to acquire and manage power assets previously owned by APR Energy. This collaboration aims to bolster Duos Energy’s mission of providing reliable and flexible power solutions to support Edge Data Centers (EDCs) and other key infrastructure across the United States and internationally.

Rapid-Deployment Power Solutions

Under the two-year AMA, Duos will manage, deploy, and operate a fleet of mobile gas turbines capable of producing an impressive 850 megawatts (MW) of power. This initiative is pivotal during an era marked by increasing energy demands driven by factors including:

  • Advancements in artificial intelligence (AI)
  • Edge computing
  • The ongoing rollout of 5G technology

The management team at Duos brings extensive experience from their previous roles at APR Energy, where they successfully installed and operated more than 1 gigawatt (GW) of fast-track power globally between 2016 and 2020.

Benefits to Data Centers and Beyond

The Duos Energy Corporation subsidiary was created based on overlapping synergies between the power and data center industries, in addition to overwhelming demand in the digital infrastructure industry for power solutions from hyperscalers. The mobile gas turbines are expected to serve as a valuable option for those needing Behind-the-Meter (BTM) power solutions due to the accelerated timeline for deployment of the assets.

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The mobile power solutions are set to revolutionize the digital infrastructure industry by providing an option to expedite time-to-market for data center projects and offering energy solutions for AI-ready developments. In conjunction with the rise of EDC development, an initiative that is championed by Duos Technologies subsidiary Duos Edge AI, the move sets up the possibility of bolstering connectivity and enhancing access in historically underserved sectors across the country as well as internationally.

Duos Energy’s offerings extend beyond the data center market, serving up power solutions to meet the immediate needs of various industrial sectors, including manufacturing, oil and gas, mining, and microgrids. The rapid-response turbines are designed to meet urgent demands, including in emergency scenarios, underscoring the new venture’s commitment to providing flexible and reliable energy solutions.

Powering the Path Forward

As this new venture unfolds, the focus remains on advancing energy solutions that cater to the unique needs of EDCs and beyond. This collaboration positions Duos Energy to enhance the reliability and sustainability of energy supply for critical infrastructure in the digital era.

For more information about Duos Energy Corporation, visit https://duosenergycorp.com.

To learn more about Duos Technologies, visit www.duostechnologies.com.

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