Jun 10, 2024 - Business

Engelhart buying Trailstone to expand power trading biz

Illustration of a dollar sign with an electric bolt through the center

Illustration: Natalie Peeples/Axios

Engelhart Commodities Trading Partners of London on Monday agreed to buy Trailstone, an Austin, Texas, power trading firm, from private equity firm Riverstone Holdings.

The big picture: The combination of geopolitical instability and climate change have created major volatility in power markets, and big profits for firms that trade there.

Details: Trailstone was formed by Riverstone in 2013, and primarily focuses on renewable power and natural gas.

Go deeper, via Bloomberg: "While other energy markets like oil have broadly cooled since then, de-regulation, the rise of renewable power generation and the extreme weather patterns associated with climate change mean electricity grid supply is likely to remain volatile for the foreseeable future."

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