Duos Technologies has partnered with Fortress Investment Group in an agreement to deploy and manage 30 mobile gas-powered turbines, totaling 850MW in capacity. This new venture is part of Duos’ strategy to meet urgent power demands in the rapidly growing data center sector, a market that increasingly relies on flexible, fast-track energy solutions.
Duos Energy Subsidiary to Oversee Turbine Management and Deployment
Under the asset management agreement, Duos Technologies’ subsidiary, Duos Energy, will take charge of the mobile gas turbine fleet. These turbines are designed to offer an immediate, scalable solution for powering data centers, especially in areas experiencing rapid infrastructure expansion. Duos Energy will work alongside Fortress affiliates to ensure the turbines are deployed effectively and efficiently.
The Role of Fortress Investment Group
Fortress Investment Group, which acquired the asset portfolio from APR Energy, will collaborate with Duos Technologies to manage the turbines. The contract also grants Duos Technologies a 5% equity stake in Fortress’ parent company, solidifying its position within the growing energy market. The deal is valued at approximately $42 million and was finalized on December 31, 2024.
Strategic Deployment in Texas: Powering Data Centers
The turbines will play a crucial role in powering new data center developments in Texas, specifically the Pampa Energy Center (PEC). Duos Technologies has already announced plans to develop four 50MW data centers at PEC, which will be fueled by a mix of 500MW from the mobile gas turbines and an additional 200MW from wind turbines. This combination of power sources reflects Duos’ commitment to providing sustainable and reliable energy for critical infrastructure. The first 50MW data center is set to be deployed by the end of 2025.
Expansion and Diversification of Duos Technologies
The agreement with Fortress marks a significant milestone in Duos Technologies’ broader expansion strategy. In addition to its core data center operations, Duos has launched its Edge data center unit and Duos Energy, focusing on addressing the increasing demand for power in sectors like data centers and cryptocurrency mining. The company’s diverse portfolio is set to address the energy needs of high-demand industries.
The Growing Demand for Gas-Powered Solutions
The demand for behind-the-meter natural gas solutions has surged in 2024, particularly in the data center and cryptocurrency mining industries. Similar agreements, like AXP Energy’s joint development with Blackhart to sell natural gas for powering modular crypto mine data centers in Colorado, reflect this trend. Additionally, companies like MARA are turning to natural gas to power micro data centers across Texas and North Dakota, signaling the sector’s shift toward more reliable and sustainable energy solutions.
FAQ
What is the role of Duos Technologies in this partnership?
Duos Technologies will oversee the deployment and management of the mobile gas turbines through its subsidiary, Duos Energy. The company is providing flexible, scalable power solutions for data centers in Texas.
How will the turbines be used in the data center sector?
The mobile gas turbines will provide a fast-track solution to power data centers in Texas, particularly in high-demand areas. They will offer reliable energy alongside wind turbine generation.
When is the first data center expected to be deployed?
The first 50MW data center at the Pampa Energy Center (PEC) is scheduled to be deployed by the end of 2025.
What other industries will benefit from this mobile gas turbine deployment?
Besides data centers, the turbines are expected to support other critical sectors, including cryptocurrency mining and large-scale infrastructure projects that require reliable, scalable power.
How does Duos Technologies plan to expand in the energy sector?
Duos has expanded its offerings by launching Duos Edge AI and Duos Energy, positioning itself to address the growing energy needs of industries reliant on high-powered infrastructure like data centers and cryptocurrency operations.
