Magellan Copper & Gold unit signs LOI to acquire Ramm Power Group
MAGE•Ramm Power Group focus
Ramm Power Group, formed in 2018, targets grid storage to support renewable and nuclear generation amid rising data-center electricity demand.
Letter of intent signed for Ramm Power Group acquisition
Magellan Copper & Gold’s subsidiary Magellan Energy signed a letter of intent to acquire Ramm Power Group.
The combined business plans to pursue brownfield development in energy production and storage, with an initial focus on pumped-storage projects.
