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X @Herbert Ong
Herbert Ong· 2025-09-18 18:28
Industry Trend - Datacenter power is projected to transition towards solar energy and battery storage solutions [1]
X @Bloomberg
Bloomberg· 2025-09-14 14:08
Australia is on track to overshoot its 2030 rooftop solar targets, with enthusiasm for panels and batteries offsetting drops in broader renewable investment and large projects https://t.co/jWvCJL99NE ...
X @Bloomberg
Bloomberg· 2025-08-21 02:02
Market Outlook - Australia is at reduced risk of blackouts over the next decade [1] - Rapid buildout of renewables and batteries will help offset the retirement of the nation's coal fleet [1]
Liberty Energy (LBRT) - 2025 Q2 - Earnings Call Transcript
2025-07-25 15:00
Financial Data and Key Metrics Changes - Revenue for the second quarter of 2025 was $1,000 million, a 7% increase from $977 million in the prior quarter [19] - Net income rose to $71 million from $20 million in the previous quarter, while adjusted net income increased to $20 million from $7 million [19] - Adjusted EBITDA for the quarter was $181 million, up 8% from $168 million in the prior quarter [20] - General and administrative expenses decreased to $58 million from $66 million in the previous quarter [20] - The company ended the quarter with a cash balance of $20 million and net debt of $140 million, a decrease of $46 million from the prior quarter [20] Business Line Data and Key Metrics Changes - The company experienced increased activity across nearly all business lines, which helped offset pricing headwinds and softer conditions in the Permian sand markets [18] - The company is planning to reduce its deployed fleet count and reposition horsepower to support expanded demand for simul frac offerings [5][18] Market Data and Key Metrics Changes - The energy sector faced renewed uncertainty due to tariff policies, OPEC production changes, and geopolitical tensions [5] - Completions activity is expected to gradually slow in the second half of 2025, reflecting disciplined capital deployment and contributing to market pricing pressures [15] Company Strategy and Development Direction - The company is focusing on leveraging its full suite of completion products and services to drive increased engagement with customers [5] - Strategic alliances have been formed for power facility development in Pennsylvania and Colorado, addressing barriers faced by commercial and industrial developers [11] - The company is committed to innovation in high-efficiency, low-emission technologies, with advancements in its DigiPrime enhancement and the introduction of a sand slurry system [6][10] Management's Comments on Operating Environment and Future Outlook - Management noted that while the second quarter was strong, a reduction in activity is anticipated due to falling rig counts and pricing headwinds [38][42] - The company expects third-quarter revenue and EBITDA to soften sequentially, with a potential low single-digit pricing headwind [22][43] - Management expressed confidence in the company's ability to navigate market uncertainties and create value through strategic investments [23] Other Important Information - The company announced a $225 million increase in its credit facility to support strategic growth in power generation [21] - Total capital expenditures for 2025 are expected to be approximately $575 million, with a reduction in planned spending due to market conditions [22] Q&A Session Summary Question: Can you talk about the current supply chain for incremental capacity in power generation? - Management indicated that there is incremental capacity available, and they could significantly expand their order book for 2026 if desired [26][27] Question: How do you view the relationship with Aqua regarding long-term power solutions? - Management stated that the partnership provides a bridge for immediate power needs until SMRs can be deployed, with a focus on flexibility and reliability [30][32] Question: What is the outlook for revenue and EBITDA in the third quarter? - Management expects a mid-single-digit reduction in activity and low single-digit pricing headwinds, with more clarity on fourth-quarter expectations to come [38][43] Question: Can you clarify the CapEx reduction and its components? - Management noted that the reduction is approximately split between frac and power generation delays, with no significant concerns about delivery times [66][67] Question: What is the expected timeline for revenue from the Oklo partnership? - Management anticipates revenue from initial power generation to begin in 2027, with nuclear power revenue expected in the early 2030s [108]
X @Bloomberg
Bloomberg· 2025-07-21 23:01
Industry Trend - The industry is experiencing a race to extract minerals critical for batteries and other green tech from the ocean depths [1]
X @Bloomberg
Bloomberg· 2025-07-21 19:45
Industry Trend - The industry is engaged in a race to extract minerals critical for batteries and other green tech from the ocean depths [1]
America's Energy Problem: The Grid That Built America Can’t Power Its Future
a16z· 2025-07-16 13:01
Grid Challenges and Opportunities - The US electrical grid is aging and brittle, with an aged-out workforce, leading to delivery cost problems [1] - The US grid effectively froze in the early 2000s due to manufacturing moving to Asia, leading to a loss of skills in building new power projects [1] - Interconnection for new projects can take a decade due to grid capacity issues and transformer technology limitations [1] - There's very little visibility into the grid, especially at the distribution level, complicating the integration of new projects and distributed energy resources [2] Energy Mix and Future Trends - The energy grid of the future will be more decentralized, with generation, transmission, and storage potentially happening in the same place [2] - Solar and batteries are becoming increasingly important due to their low cost and ability to be deployed quickly, with Texas doubling its solar capacity in approximately three years [3] - The industry needs all different types of energy, including base load dispatchable power like gas, nuclear, and geothermal [3][4] - The US needs to invest in battery technology and manufacturing to avoid reliance on foreign sources [3] Technology and Policy - AI can help facilitate more efficient electricity use, better grid monitoring, and streamlined regulatory and permitting processes [2] - The United States needs to move incredibly fast to hook up batteries, solar panels, and make it easier and cheaper to do so [3] - The US needs to get better at mega projects, requiring technology at every layer and phase of how these projects get built [1][7] - There is a need for a venture-scale software company around grid management and monitoring infrastructure, similar to Splunk or Palo Alto Networks for IT and OT [7][8] Nuclear Energy - Nuclear energy is now widely acknowledged as clean energy, but still faces political headwinds [6] - Streamlining the approval process for new reactor designs is crucial [6] - Small modular reactors (SMRs) and micro reactors offer flexibility and grid resilience, with potential applications in military and disaster relief [6] - The United States needs to get better at mega projects, requiring technology at every layer and phase of how these projects get built [7] National Security - A resilient, reliable, dispatchable electrical grid is critical to US national security [24] - There is no safety, national defense, or national security without a reliable electrical grid [1][25]
X @The Economist
The Economist· 2025-07-04 13:24
Industry Focus - The world's changing needs are increasing the value of certain metals used in wires, batteries, and circuits [1] - Mining activities lead to waste accumulation and wealth generation, impacting lands and people [1]
X @The Economist
The Economist· 2025-07-03 19:37
Industry Focus - The world's changing needs are increasing the value of specific metals used in wires, batteries, and circuits [1] - Mining activities lead to waste accumulation and wealth generation, impacting lands and people [1]
X @Bloomberg
Bloomberg· 2025-06-30 21:15
Australia started a A$2.3 billion ($1.5 billion) program to encourage households to buy batteries in an effort to absorb excess renewable energy and curb price swings in one of the world’s most volatile power markets https://t.co/WHCEbAt2vJ ...