Fortress Investment Group has acquired a portfolio of energy generation assets from APR Energy. The assets include 30 mobile gas-powered turbines and related balance-of-plant inventory with a combined energy generation capacity of 850 megawatts. The turbines are immediately available for deployment.
In conjunction with the acquisition, Fortress has signed a two-year asset management agreement with Duos Energy Corp., a company led by APR Energy’s prior executive management team, to deploy and operate the fleet of mobile gas turbines and balance-of-plant inventory. Duos is currently in active discussions regarding deployment to developers of immediate-demand power projects, including U.S.-based data center developers and other international projects.
“Energy infrastructure is an increasingly precious commodity — and is particularly critical for the buildout of data centers needed to advance AI applications,” said Josh Pack, co-CEO and managing partner at Fortress
