Originally posted on Data Center Dynamics
The assets will be managed by firm’s Duos Energy subsidiary
Duos Technologies has closed an asset management agreement with Fortress Investment Group to deploy and operate 30 mobile gas-powered turbines.
The turbines have a combined capacity of 850MW and will be managed in partnership with Fortress affiliates. They will be used as an immediately deployable fast-track solution to meet urgent power needs in the data center market and other sectors, including assets managed by Duos subsidiary Duos Edge AI.
Another subsidiary, Duos Energy, will oversee the management and deployment of the mobile gas-powered turbine fleet.
In addition, Duos Technologies has obtained a five percent equity stake in the parent company of Fortress. The contract’s value is estimated at $42 million.
“Our customers are looking for flexible and dependable energy options as they build out critical infrastructure,” said Chuck Ferry, Duos CEO.
To continue reading the full article, please click here.
