Elon Musk quietly buys a $1 billion gas turbine company to power
ET
EVRoutes Team
EV Content Writer
Elon Musk has quietly bought APR Energy, a Jacksonville-based company that operates a fleet of mobile gas and diesel turbines totaling more than 1 GW of generation capacity
What's Happening
The self-styled champion of a “solar electric economy” now owns a fossil fuel power company — and he’s buying it to feed the electricity-hungry data centers running xAI’s Grok.
Why This Matters for EV Owners
The Bigger Picture
This development reflects broader shifts in the European EV market as charging infrastructure expands and new models enter the market..
What to Watch Next
As the EV landscape continues to evolve, developments like this shape the transition to electric mobility across Europe..
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