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.
The most amazing aspect to the Trump presidency is the sheer predictability that anything he touches will be destroyed.
At left we see the tangible elements, rather than things like the assault on our relationships with our allies, race relations, declining educational standards, access to affordable healthcare, etc.
I have to admit that I laugh virtually every time I flick on Fox News and check out what they’re covering and how they’re covering it.
The part of this that isn’t amusing is the knowledge that I live among tens of millions of people who think that this garbage is actually news.
Not sure how this is possible, but then again, I don’t have the intellectual makeup required to be a Trump supporter.
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