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Pegasus Group Holdings Acquires Solar Innovator Plus Minus Power
Friday 19 July 2019

19 July 2019 - US-based technology infrastructure company Pegasus Group Holdings, which specialises in renewable energy projects, has acquired renewable energy operations specialist Plus Minus Power, the company said. 
Plus Minus Power provides a range of services that create, manage, maintain and monetize products that focus on reducing grid dependency and maximizing renewable energy self-consumption.
Plus Minus Power is now a wholly-owned subsidiary of Pegasus Group Holdings. Dan Briggs, president and CEO of Plus Minus Power, has now taken on the additional position of president and CEO of Pegasus Group Holdings.
The acquisition of Plus Minus Power will allow Pegasus Group Holdings to increase their operational capabilities as they endeavor to build the largest solar powered data center in the United States.
The new USD 3bn dollar off-grid, renewable energy data center, which will be operational in the fall of 2019, sits on 717 acres in Kingman, Arizona.
This facility will produce approximately 340mw and will consume nearly all of the power onsite in its data center functionality. Pegasus is currently expanding its operations with plans to provide clean, renewable energy for a myriad of new and creative projects around the globe.
Pegasus Group Holdings is a holding company that owns and operates renewable energy based hyperscale data center ecosystems for enterprise colocation, differentiated multi-cloud, industry-leading telecommunications solutions, disaster recovery services and off-site data storage solutions for a variety of corporate clients. 
Tenants may include cryptocurrency miners, medical companies providing human genome mapping sequencing, movie studies rendering 3D feature films, as well as disaster recovery and data storage services. Any remaining power can be transferred into the national or local power grids.
Plus Minus Power creates, manages, maintains and monetises renewable energy to help change the way people use and store energy. PMP is dedicated to ever improving the state of the art in the energy sector. PMP owns and builds micro grids for storage solutions and energy efficiencies to meet power needs.
The company collaborates to create advanced IOT deployments utilising proprietary solar generators in a rapidly developing field. PMP continues to build and create new product as they revolutionise the ability for people to reduce their grid dependencies and become self-consumers of their own energy generation.
Details
Date Published: 19/07/2019
Target: Plus Minus Power
Country: USA
Sector: Alternative Energy
Type: Corporate acquisition
Status: Closed
Vendor:
Buyer: Pegasus Group Holdings
Comment:
Terms of the deal were not disclosed

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