Jun 10, 2024 - Business

Engelhart buying Trailstone to expand power trading biz

Dan Primack

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."

Add Axios on Google

Engelhart buying Trailstone to expand power trading biz

What to read next