Duos Partners with Texas City for Data Center Development
Duos Technologies Group (Nasdaq: DUOT), through its subsidiaries Duos Edge AI and Duos Energy, announced a partnership with Pampa Energy Center to develop high-density Data Center Development Parks in Pampa, Texas. This project will be powered by up to 500MW of natural gas self-generation, supplemented by up to 200MW of wind turbine generation. The initiative, spanning over 500 acres, aims to transform Pampa's infrastructure, create jobs, and drive economic growth. The first 50MW HDDC is expected to be operational by the end of 2025. Duos Energy, in collaboration with Fortress Investment Group, will manage power generation assets, ensuring sustainability and resilience. This project addresses the national shortage of High-Density Data Center capacity and positions Pampa as a technological leader.
Il Gruppo Duos Technologies (Nasdaq: DUOT), attraverso le sue filiali Duos Edge AI e Duos Energy, ha annunciato una partnership con il Pampa Energy Center per sviluppare parchi per lo sviluppo di Data Center ad alta densità a Pampa, Texas. Questo progetto sarà alimentato da un'auto-generazione di gas naturale fino a 500 MW, integrata da una generazione eolica fino a 200 MW. L'iniziativa, che si estende su oltre 500 acri, mira a trasformare le infrastrutture di Pampa, creare posti di lavoro e stimolare la crescita economica. Si prevede che i primi 50 MW del HDDC saranno operativi entro la fine del 2025. Duos Energy, in collaborazione con Fortress Investment Group, gestirà gli asset di generazione di energia, garantendo sostenibilità e resilienza. Questo progetto affronta la carenza nazionale di capacità dei Data Center ad alta densità e posiziona Pampa come leader tecnologico.
El Grupo Duos Technologies (Nasdaq: DUOT), a través de sus filiales Duos Edge AI y Duos Energy, anunció una asociación con el Pampa Energy Center para desarrollar parques de desarrollo de Centros de Datos de alta densidad en Pampa, Texas. Este proyecto será impulsado por hasta 500 MW de auto-generación de gas natural, complementados por hasta 200 MW de generación eólica. La iniciativa, que se extiende por más de 500 acres, tiene como objetivo transformar la infraestructura de Pampa, crear empleos y impulsar el crecimiento económico. Se espera que los primeros 50 MW del HDDC estén operativos para finales de 2025. Duos Energy, en colaboración con Fortress Investment Group, gestionará los activos de generación de energía, asegurando sostenibilidad y resiliencia. Este proyecto aborda la escasez nacional de capacidad de Centros de Datos de alta densidad y posiciona a Pampa como líder tecnológico.
두오스 테크놀로지스 그룹(Nasdaq: DUOT)은 자회사인 두오스 엣지 AI와 두오스 에너지와 함께 텍사스 파ampa에 고밀도 데이터 센터 개발 공원을 개발하기 위해 파ampa 에너지 센터와 파트너십을 발표했습니다. 이 프로젝트는 최대 500MW의 천연가스 자가 발전으로 운영되며, 최대 200MW의 풍력 터빈 발전이 보조됩니다. 500에이커 이상에 걸쳐 펼쳐지는 이 이니셔티브는 파ampa의 인프라를 변모시키고, 일자리를 창출하며, 경제 성장을 촉진하는 것을 목표로 하고 있습니다. 첫 번째 50MW HDDC는 2025년 말까지 가동될 것으로 예상됩니다. 두오스 에너지는 포트리스 투자 그룹과 협력하여 전력 생성 자산을 관리하고 지속 가능성과 회복력을 보장합니다. 이 프로젝트는 고밀도 데이터 센터 용량의 국가적 부족 문제를 해결하고, 파ampa를 기술 리더로 자리매김합니다.
Le groupe Duos Technologies (Nasdaq: DUOT), à travers ses filiales Duos Edge AI et Duos Energy, a annoncé un partenariat avec le Pampa Energy Center pour développer des parcs de données à haute densité à Pampa, au Texas. Ce projet sera alimenté par jusqu'à 500 MW d'auto-génération de gaz naturel, complété par jusqu'à 200 MW de génération éolienne. L'initiative, qui s'étend sur plus de 500 acres, vise à transformer l'infrastructure de Pampa, créer des emplois et stimuler la croissance économique. Les premiers 50 MW de HDDC devraient être opérationnels d'ici fin 2025. Duos Energy, en collaboration avec Fortress Investment Group, gérera les actifs de génération d'énergie, garantissant durabilité et résilience. Ce projet répond à la pénurie nationale de capacité des centres de données à haute densité et positionne Pampa comme un leader technologique.
Die Duos Technologies Group (Nasdaq: DUOT) hat über ihre Tochtergesellschaften Duos Edge AI und Duos Energy eine Partnerschaft mit dem Pampa Energy Center angekündigt, um Hochleistungs-Rechenzentrum-Entwicklungsparks in Pampa, Texas, zu entwickeln. Dieses Projekt wird durch bis zu 500 MW Eigenproduktion von Erdgas betrieben, ergänzt durch bis zu 200 MW Windkraft. Die Initiative, die sich über mehr als 500 Acres erstreckt, zielt darauf ab, die Infrastruktur von Pampa zu transformieren, Arbeitsplätze zu schaffen und das Wirtschaftswachstum voranzutreiben. Die ersten 50 MW HDDC sollen bis Ende 2025 in Betrieb genommen werden. Duos Energy wird in Zusammenarbeit mit der Fortress Investment Group die Erzeugungsanlagen verwalten, um Nachhaltigkeit und Widerstandsfähigkeit zu gewährleisten. Dieses Projekt adressiert den nationalen Engpass an Hochleistungs-Rechenzentrums-Kapazitäten und positioniert Pampa als technologischen Führer.
- Partnership with Pampa Energy Center to develop high-density Data Center Development Parks.
- Project to be powered by up to 500MW of natural gas self-generation and 200MW of wind turbine generation.
- Transformation of Pampa's infrastructure, creation of jobs, and economic growth.
- First 50MW High-Density Data Center expected to be operational by the end of 2025.
- Duos Energy to manage power generation assets with Fortress Investment Group.
- None.
Insights
This strategic data center development represents a major infrastructure investment that positions Duos for significant revenue potential. The planned
The partnership with Fortress Investment Group and the recent acquisition of
The integration of natural gas and wind power creates a resilient hybrid energy model that's particularly well-suited for data center operations. The
Pampa's location in the Texas panhandle leverages the region's robust natural gas infrastructure and strong wind resources. This dual-fuel approach, combined with the scale of the development, positions Duos to potentially capture significant market share in the growing HDDC sector while maintaining competitive operating costs through energy optimization.
The timing of this HDDC development is strategically aligned with the severe national shortage in data center capacity. The project's 500+ acre footprint provides substantial room for expansion beyond the initial four
For a company with a market cap of
Subsidiaries Duos Edge AI and Duos Energy to partner with Pampa Economic Development Corporation and Pampa Energy Center to develop high-density Data Center Development Parks
JACKSONVILLE, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiaries Duos Edge AI, Inc. (“Duos Edge AI”), and Duos Energy Corp. (“Duos Energy”), proudly announces a pivotal partnership with the Pampa Energy Center (“PEC”). This collaboration aims to develop high-density Data Center Development Parks powered by up to 500MW of natural gas self-generation, supplemented by up to 200MW of wind turbine generation and alternative fuel sources for redundancy. This 500+ acre project will transform Pampa Texas’s infrastructure, create jobs, and drive technological and economic growth. This establishes Pampa as an epicenter to address the national shortage of High-Density Data Center (HDDC) capacity.
Shane Stokes (City Manager, Pampa, TX), Jimmy L. Keough (Commissioner Ward 3 Mayor protem, TX), Ted Hutto (Vice President, PEC), Doug Recker (President and Founder, Duos Edge AI), Ryan Bradley (Executive Director, PEDC, TX), and David Dorman (Director of Commercial Operations, Duos Energy Corp.)
Building on its proven expertise in deploying adaptive and scalable brick and mortar data centers, Duos Edge AI is streamlining project timelines, optimizing operations, and delivering bespoke infrastructure solutions for Pampa to support four 50MW HDDCs. In partnership with Fortress Investment Group, Duos Energy will ensure reliable energy for the HDDCs by providing up to 500MW of natural gas self-generation, bolstered by wind turbine generation and alternative fuel sources for enhanced redundancy. By the end of 2025, the first 50MW HDDC is planned to be operational. This integrated approach ensures sustainability and resilience to support Pampa's growing technological and economic needs.
“The US faces a tough challenge in alleviating the current data center demand shortfall, as well as building data centers with alternative energy sources. This collaboration helps to accomplish these challenges, as well as defines a new direction for the Texas panhandle and sets up Pampa to be a new technology leader in the High-Density Data Center landscape. We’re excited to help set Pampa on an innovative path forward and create new jobs and economic development in the region through this collaboration,” said Doug Recker, President and Founder of Duos Edge AI.
“Duos Energy Corporation, partnered with Fortress Investment Group, recently signed a definitive agreement to manage 850MW of mobile gas turbines acquired from APR Energy. This strategic partnership with Pampa allows us to begin the deployment of these highly sought-after power generation assets starting in early 2025 and will provide a bridge to a long-term permanent power plant. We are honored to contribute to Pampa’s economic growth and bright future,” stated Chuck Ferry, CEO of Duos.
“We are looking forward to collaborating with the Pampa Energy Center to deliver mission-critical power to this High-Density Data Center development. Duos Energy’s turn-key solution will provide rapid-dispatch bridging power, seamlessly transitioning to a permanent facility. We are honored to contribute to the future economic growth and development of Pampa, Texas,” said David Dorman, Duos Energy’s Director of Commercial Operations.
Glennette Goode, President of the Pampa Energy Center, added, “The partnership with Duos Edge AI, Duos Energy, and the Pampa Energy Center allows for the transformation of Pampa into a dynamic hub of innovation, enhanced connectivity, and economic strength. Our board has long focused on the need to diversify our commercial and industrial base. Located in the central United States and within the heart of the wind energy sector, we are poised for significant economic growth. This partnership is the first step in a journey to long-term prosperity in Pampa, Texas.”
To learn more about Duos Edge AI, visit: www.duosedge.ai
To learn more about Duos Energy Corp., visit www.duosenergycorp.com
To learn more about Duos Technologies, visit www.duostechnologies.com
To learn more about Fortress Investment Group, visit: www.fortress.com
To learn more about the Pampa Energy Center, visit: www.pampaedc.com
About the Pampa Energy Center
The Pampa Economic Development Corp has full membership interest in the Pampa Energy Center LLC, whose purpose is to encourage and promote industries of the community by directing attention to opportunities within the industrial, commercial, and agricultural sectors. We will strive to assist with needed resources and financial incentives to interested firms and entrepreneurs in startup, expansion or relocation to this area. The success of this mission will be demonstrated by sustained stability and growth of economic activity in Pampa. For more information, visit www.pampaedc.com.
About Duos Edge AI, Inc.
Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI's mission is to bring advanced technology to underserved communities, particularly in education, healthcare, and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in the deployment and operations of state-of-the-art Data Center solutions tailored to meet evolving needs in any environment. For more information, visit www.duosedge.ai.
About Duos Energy Corporation
Duos Energy Corporation, a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT), focuses on developing, owning, and operating sustainable energy projects to power Edge Data Centers and critical infrastructure industrial facilities across the United States. Specializing in clean-burning natural gas generation and green technologies, the company offers rapid deployment of dedicated off-grid power plants. With extensive industry experience, Duos Energy is dedicated to providing fast-track, reliable, and eco-friendly energy solutions that support mission-critical operations. For more information, visit www.duosenergycorp.com.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.
About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages
Forward- Looking Statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
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FAQ
What does the DUOT partnership with Pampa Energy Center involve?
How will the DUOT project impact Pampa, Texas?
When will the first 50MW High-Density Data Center be operational?
What energy sources will power the DUOT Data Center Development Parks?
What role does Fortress Investment Group play in the DUOT project?
