Energy Industry Executives Team up on New Venture, NuQuest Energy, to Develop Utility-Scale Renewable Energy Projects in the United States

Four leading energy business leaders and early-stage investors today announced the formation of NuQuest Energy LLC, 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.

“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,” said Kirk Barrell, NuQuest Co-Founder. 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.”

Mr. Barrell is joined by industry executives Denis Taylor, Co-Founder & Partner, Audubon Companies, LLC; Bob Rosamond, Co-Founder & Partner, Audubon Companies, LLC; and Alex Guitart, Founder & President, New Orleans Land & Title Company, LLC. 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.

“NuQuest Energy shares Audubon Companies’ commitment to building a more sustainable clean energy future,” said Bob Rosamond. “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.”

“Our co-founding team has a long history of delivering great outcomes for our landowners and corporate clients,” said Alex Guitart, NuQuest Co-Founder. “Our technology-focused approach will greatly enhance our site selection process ensuring project success.”

The company has built a proprietary site-selection system, TerraVoltTM, which integrates electric grid analyses, GIS, and advanced analytics. "Our proprietary technological system leverages decades of mapping and analytics experience to pinpoint high-quality locations for renewables development,” Barrell added.

About NuQuest Energy, LLC

NuQuest Energy, LLC is a renewables development company pursuing an aggressive plan to assemble and construct a diverse portfolio of utility, industrial, and corporate projects across the United States with a current focus on Louisiana, Texas, and Mississippi. The company leverages existing relationships and project development experience to build a robust, scalable renewables portfolio.

CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding renewable energy, development and operation activities, anticipated and potential developments and the economic potential of properties. Accuracy of these forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. NuQuest Energy LLC cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this press release and, except to the extent required by applicable law, does not intend to update or otherwise revise these statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-looking statements include adverse conditions such as variations in the market prices of renewable energy, environmental laws and situations, solar and wind accessibility, the ability to satisfy future cash obligations and environmental costs, and other general development risks and hazards.