Elon Musk Has Personally Acquired A Gas Turbine Company

Elon Musk has just personally bought a private company. And they’re deploying gas and diesel turbines for power generation globally.

What’s happening:

• Elon Musk has personally acquired mobile power company APR Energy according to new filings with the Federal Trade Commission
  

Why it matters:

• This is the first time ever that Elon Musk has personally acquired a company that is focused on deploying gas and diesel turbines for power generation
  

Going deeper:

• APR Energy owns and operates a fleet of mobile gas and diesel turbines that exceed more than 1 gigawatt of total capacity globally
  
• APR Energy has publicly stated that they have deployed their gas and diesel turbines at more than 75 completed projects globally
  
• Alternative asset management company Fortress Investment Group previously acquired APR Energy prior to selling it directly to Elon Musk
  

The fine print:

• The financial terms of Elon Musk’s acquisition of APR Energy have not yet been publicly disclosed