Exus Renewables North America Expands Development Capabilities with Ozone Acquisition

Exus Renewables North America Expands Capabilities through Strategic Acquisition

In a landmark move for the renewable energy sector, Exus Renewables North America has taken an important step to bolster its development capabilities by acquiring Ozone Renewables. This strategic acquisition, announced on March 4, 2026, signifies Exus's commitment to strengthening its position as a leader in greenfield projects across the wind, solar, and storage markets.

Exus Renewables, recognized for its independence as a utility-scale renewable energy project developer and operator, emphasizes that this transaction will not only enhance its operational capabilities but also streamline the internalization of early-stage project origination. By incorporating Ozone's experienced team into its ranks, Exus aims to reduce its dependency on third-party developers, thereby fostering a more controlled and efficient project development process.

Strengthening Development Teams and Pipelines

Ozone Renewables has made significant contributions to the renewable sector, having successfully secured land control and advanced numerous projects from concept to early development phases. Their track record includes commercializing over 3 GW of operational wind projects and adding substantially to utility-scale solar developments across various markets, demonstrating particular expertise in navigating complex regulatory frameworks in states such as New York, Pennsylvania, and the Pacific Northwest.

Leading the new greenfield development team at Exus will be Larry Seiler, a prominent figure in the renewable energy sector. According to Seiler, this partnership represents a timely fusion of expertise, combining Ozone's strong track record in early-stage project development with Exus' established operational platform. He noted, "With power demand on the rise, our capacity to effectively deliver large-scale projects is crucial now more than ever. This acquisition merges our disciplined approach to greenfield development with Exus's operational strengths."

A Vision for the Future

Jim Spencer, President and CEO of Exus Renewables North America, elaborated on the significance of the acquisition, stating, "This strategic partnership allows us to bring proven greenfield expertise in-house at a critical time for the industry. By shifting from acquiring projects solely from external sources to developing them internally, we can harness our efforts towards markets where renewable energy is poised to thrive."

Tommy Hudzik, Head of Development at Exus, echoed these sentiments, articulating the challenges faced by small independent developers in an increasingly consolidating industry. He emphasized that the acquisition ensures the continuity of established relationships and expertise, crucial for driving renewable energy projects forward.

Daniel Boyd, the Founder of Ozone Renewables, expressed pride in the achievements made by his team and confidence that this partnership with Exus would allow their development engine to scale effectively. "We initially set out to create a robust platform capable of originating high-quality renewable projects in complex markets. With more than 9 GW of assets originated to date, I believe this new chapter will enhance our impact significantly."

An Expanding Asset Pipeline

The acquisition includes a wide array of Ozone's early-stage wind, solar, and storage projects, alongside ongoing efforts to advance various project concepts in different phases of land acquisition and early development. Ozone's team will concentrate its efforts on areas in the PJM, MISO, WECC, and SPP territories, augmenting Exus's existing regional development teams and capabilities.

This acquisition marks an important evolution not just for Exus, but for the renewable energy landscape in North America. As power demands accelerate, there is a shared urgency among industry leaders to cultivate reliable and efficient sources of renewable energy. The integration of Ozone Renewables is expected to significantly enhance Exus' project pipeline and outreach, contributing to a sustainable energy future.

About Exus Renewables North America

Exus Renewables North America is dedicated to leading the charge in utility-scale renewable project development and operation throughout the United States. Headquartered in Pittsburgh, with additional offices in New York and Albuquerque, the company employs over 100 individuals and is focused on advancing clean energy solutions. With a portfolio exceeding 5.8 gigawatts and significant projects currently under construction, Exus remains committed to its mission of fostering sustainable growth within the renewable energy sector.