Four energy business leaders and early-stage investors have set up NuQuest Energy, a utility-scale renewable energy development company pursuing projects in the United States.
The company intends to leverage its extensive experience in engineering, procurement, construction, finance, land leasing, regulatory, project management, and operations to become an industry-leading renewables development company.
It has built a proprietary site-selection system, TerraVolt, which integrates electric grid analyses, GIS, and advanced analytics.
Co-founder Kirk Barrell said: "Capitalizing on our previous successes, we’re confident that our combined capabilities will propel NuQuest Energy’s growth and drive positive commercial and sustainable environmental energy outcomes.
"We look forward to building a large portfolio of renewable energy and storage projects that makes sense from an environmental perspective and generate value for all parties."
"Our proprietary technological system leverages decades of mapping and analytics experience to pinpoint high-quality locations for renewables development."
Barrell is joined by industry executives Denis Taylor and Bob Rosamond, co-founders and partners at Audubon Companies; and Alex Guitart, founder and president of New Orleans Land & Title Company.
Together, the four co-founders have accumulated more than 120 years of experience in the energy infrastructure sector.
Building on each partner’s industry expertise, this collaboration aims to deliver innovative solutions that advance renewable infrastructure development.
Rosamond added: “NuQuest Energy shares Audubon Companies’ commitment to building a more sustainable clean energy future.
"The newly-formed company compliments our current portfolio of decarbonization solutions and represents another reduction opportunity to lower the carbon footprint for people today, and for future generations."