Regulatory filings show Duos Technologies sold its 5% non-voting stake in APR Energy for $50.4 million, highlighting the mobile power company’s valuation and its potential role in xAI infrastructure.
Elon Musk has acquired APR Energy, a mobile power generation company, in a deal valued at more than $1 billion. Regulatory filings show Duos Technologies sold its 5% non-voting stake in APR Energy for $50.4 million, indicating the company’s valuation. Jacksonville, Florida-based APR Energy specializes in rapidly deployable gas and diesel generators and has total generating capacity exceeding 1 GW, supplying temporary or supplemental electricity where grid power is constrained or unavailable. The acquisition is expected to support Musk’s xAI computing infrastructure with flexible power options that could reduce reliance on local grids, though it also brings potential challenges tied to emissions, compliance and operating costs.