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.
Renewable Energy
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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.
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Renewable Energy
Ming Yang Firewalls Europe, US Turbine Orders Surge
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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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Renewable Energy
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There are so many tragic aspects to life in today’s United States that it’s hard to name them all.
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