Elon Musk quietly acquired APR Energy, a company that supplies mobile gas turbines for electricity generation, for an estimated $1 billion in May 2026. The purchase was confirmed through FTC filings and reported by Electrek. APR Energy has 800 employees and provides power solutions that can be used for data centers, including those supporting AI systems like Grok. This acquisition highlights the tension between Musk's past statements on carbon pricing and his current investments in fossil fuel infrastructure. The move comes as data center power demand surges, raising questions about the role of natural gas in the grid's transition to cleaner energy. For those tracking carbon markets and emissions policy, this deal signals that fossil fuel assets remain profitable in the absence of a carbon price.
