JBB Advanced Technologies (JBBAT) has signed a letter of intent to purchase Houston-based Proteus Power for an undisclosed amount.
Proteus Power incorporates 15.5 GW of utility-scale renewable projects, including solar and battery energy storage systems. The projects also include independent system operators: ERCOT West, ERCOT Houston, ERCOT North, ERCOT South, Miso LA/MS, Miso Illinois, Miso Texas and SPP South.
“I know the potential of renewable energy, both for our country and for the small landowners and communities we work with,” says John B. Billingsley, JBBAT CEO.
“Proteus Power is just the type of company I have known and grown in the past, and we’re perfectly positioned to make it a very profitable company for our investors. In the near term, this very substantial business will provide a multi-billion-dollar boost to the Texas economy, from Lubbock to Midland, across West Texas and down to the Gulf Coast.”
Pending the final acquisition, expected later this year, the Proteus Power headquarters in Houston will move to JBBAT headquarters in Carrollton, Texas, with all current employees being retained and a branch office planned to be located in Lubbock, Texas.
Proteus Power was formed in 2021.
The post JBBAT to Purchase Proteus Power appeared first on Solar Industry.
As suggested at left, a great deal of the hardship that has befallen the U.S. was simply bad luck. Al Gore came within a whisker of victory in 2000, a win that would have forever changed the course of our nation in terms of energy policy, education, healthcare, and international affairs.
If Bernie had become the 2016 nominee, we wouldn’t have had Hillary Clinton telling our country’s most mean-spirited and least-educated people that they were “deplorables,” ushering a criminal sociopath into the White House.
We Came Incredible Close to Averting the Disaster that Is Donald Trump
Social democracies are nations in which the tax base provides everyone with healthcare and education, and where the richest and most powerful people are not free to ruin the environment.
I run into someone from one of these counties a couple of times a month, and I like to ask why their people are consistently at the top of the World Happiness Rankings. The normal response is always some variant of the following:
It’s hard to be happy living in a society that is indifferent to the suffering of others. It’s part of the very nature of human beings to care about one another.
Something else I notice about these places is that very few people are religious. Sweden, e.g., is about 80% atheist.
That means no childish tribalism, no ridiculous dogmas, no worries about eternal damnation, etc.
Weather Guard Lightning Tech
Ming Yang Firewalls Europe, US Turbine Orders Surge
Allen covers Ming Yang’s firewall from Beijing and Octopus Energy deal, US turbine orders hitting a three-year high, and Norway’s floating wind funding.
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