Proteus Power and Pelion Green Future to develop renewable energy projects in the US and Canada
by CM Staff
Proteus anticipates its projects will be capable of producing enough clean energy to cover the annual consumption needs of over 1.31 million homes.
HOUSTON — Proteus Power has begun its North American business operations with the establishment of its U.S. headquarters in The Woodlands, Texas.
Pelion Green Future has invested in the company’s expansion. Proteus Power says it has a target to develop and construct over 3 GW of solar, wind and battery energy storage projects in North America.
Once operational, Proteus anticipates its projects will be capable of producing enough clean energy to cover the annual consumption needs of over 1.31 million homes and will prevent the release of 2.27 million tons of CO2 per year.
Proteus is currently evaluating over 30 renewable projects in its initial target areas of Texas, Arizona, Nevada, Utah, Colorado, New Mexico and Alberta, Canada. Proteus has started the development of 3 solar projects in Alberta with a total capacity of 234 MWs collocated with 97 MWs of battery storage.
Proteus says it tries to develop assets that will allow the company and its partners to invest in bankable renewable energy projects to secure long-term power purchase agreements with corporate or industrial purchasers.
“We have assembled a tremendous team with an invaluable network and expertise and are very excited to partner with Pelion Green Future to deliver an excellent portfolio of renewable energy projects”, said Mike Lambros founder and CEO of Proteus Power in a statement.