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DPO Acquires Controlling Interest in Second Hydroelectric AssetNEW YORK, March 21, 2024 /PRNewswire/ -- Digital Power Optimization, Inc. ("DPO") announced its acquisition of a controlling interest in a second U.S. hydroelectric facility via its Cascade Digital Power ("Cascade") subsidiary. The purchase was funded by an affiliate of Aegon Asset Management Real Assets. Cascade has been managing a hydroelectric power generation facility in Hatfield, WI since early 2022 on behalf of institutional investors. DPO has dramatically boosted revenues at the Hatfield site by developing and managing a co-located behind-the-meter data center. "This latest hydro acquisition is a major step forward for our growing Cascade portfolio," commented Andrew Webber, DPO's CEO. "This facility is capable of producing nearly twice as much clean renewable nergy as our Wisconsin facility and is in excellent condition with stable operations and cash flow production. We are also pleased to work with Aegon Asset Management Real Assets, and we will seek to grow this relationship with additional acquisitions together in the near future." About Digital Power Optimization About Cascade Digital Power Press Contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/dpo-acquires-controlling-interest-in-second-hydroelectric-asset-302096312.html SOURCE Digital Power Optimization, Inc. |