Connect with us

Published

on

Seattle-based electric bicycle manufacturer Rad Power Bikes has just unveiled its latest model, the RadTrike. Expanding upon Rad’s extensive line of diverse two-wheeled electric bicycles, the RadTrike offers a new three-wheeler option designed to open the door to a wider range of riders.

How much does the RadTrike cost?

Priced at $2,499, the RadTrike might not sound very budget-level when compared against the company’s other bikes starting at nearly half that price.

But compared to most electric trikes, it’s a deal.

I was recently riding a $3,100 electric trike, and my sister’s electric trike that she uses to tote around her kids costs an even pricier $3,800. Don’t even get me started on the fancier options that can easily range from $5K–$8K.

But not only is the new RadTrike perhaps the most affordable electric trike available from a major manufacturer, but it’s also finally offering what it says is “the single most requested model in Rad’s history.”

RadTrike launched as three-wheeled e-bike

The model has been a long time coming, as Rad Power Bikes founder and chairman Mike Radenbaugh explained:

The journey to the RadTrike began with one of my first customers who couldn’t ride a traditional bike due to health issues. Since that early interaction, I’ve had countless conversations with customers looking to Rad for more solutions. Fast forward to now, we’ve honed our expertise to create a high-value, purpose-built three-wheel option that will popularize another micromobility category. The RadTrike is the next big acceleration in our mission to make transportation energy efficient, enjoyable, and accessible to all.

radtrike rad power bikes
radtrike rad power bikes

Rad Power Bikes has long been a favorite among returning riders – those that enjoyed riding bicycles decades ago but have since given it up due to the exertion required.

Electric bicycles make it easier to ride thanks to an assist motor that lets riders use less pedaling effort (or no pedaling effort if they elect to use the hand throttle).

But for riders who lack not just the strength to pedal by themselves but also the balance required by a two-wheeled bike, electric trikes can be the perfect solution.

That was a big part of the inspiration behind the RadTrike, as Rad Power Bikes senior product manager Sarah Bruce Courtney explained:

To some, two wheels is daunting and prohibitive. That’s why we created RadTrike. It was engineered specifically for comfort and stability but designed for fun and adventure. It was thoughtfully crafted so those who simply haven’t ridden a bike in a while, struggle with balance, or face mobility challenges can ride Rad with friends and family. Now, these individuals can ride to the grocery store, cruise around their neighborhood, or pursue new outdoor activities.

The RadTrike folds for easy storage in a car or other cramped places.

Who is it for?

But the RadTrike isn’t just for older riders or those with mobility issues. As Mike Radenbaugh explained on a call with Electrek, he envisions the three-wheeler being used in a number of roles ranging from leisure to utility.

And with the ability to load up baskets on the front and back of the trike with heavy cargo (and not having to balance that tippy load on just two wheels), e-trikes have the added benefit of serving as ultra-stable cargo platforms.

The RadTrike is designed with that stability in mind. When looking at early pictures of the bike, I commented to Mike that it seemed to be wider in the rear than other e-trikes I’ve seen. He explained that they designed it to be as wide as possibility for stability while still fitting through a standard exterior door.

The 18″ wheels also offer a compromise between the compactness of 16″ wheels and the better ride quality of larger 20″ wheels.

Speaking of compactness, the RadTrike is designed to fold. That makes it easier to store in a tight space or transport in a vehicle. It can fold in half like a typical folding e-bike, but if riders only need to get it into the back of a minivan or SUV, then the handlebars can be folded down to lower the height of the bike during transport.

RadTrike design features

Other familiar e-bike parts that we’ve seen on other Rad bikes are the five levels of pedal assist as well as throttle control. Though on the RadTrike, pedal-assist level 1 is designed to be extra slow and match an average walking pace. That allows someone riding a RadTrike to pedal along while still keeping pace with their walking partner.

The single-speed setup is optimized for a more typical trike speed or around 8-12 mph (13-20 km/h), though the bike can reach a top speed of 14 mph (22.5 km/h). That might sound slow compared to the rest of Rad’s 20 mph (32 km/h) e-bikes, but trust me when I tell you that everything feels faster on a trike. In fact, everything feels tippier too, which is why the speed is lower. Slowing down for turns is an important part of riding a trike to ensure that all the wheels stay firmly planted on the ground. The extra wide design of the RadTrike combined with the smaller wheel size create a lower center of gravity that helps increase its stability, but that still doesn’t mean anyone should try to turn this thing at 20 mph.

Some other unique parts on the RadTrike are a reverse feature, a 750W front wheel motor, a parking brake (since the lack of a kickstand means it could theoretically roll away if parked on a hill) as well as a coaster brake in the rear. An updated design is implemented for the 48V 10.4Ah battery pack, including a more precise 10-segment state-of-charge readout on the battery case.

There’s no suspension on the bike, but it’s also designed for smoother paths. This certainly isn’t an off-roading trike with fat tires — it’s a bike lane trike. Plus the steel frame has more flex than rigid aluminum frames, which should add a bit more absorption on bumps.

The removable battery is said to offer a range of 20-35 miles (32-56 km), and the comfy seat with backrest should make those miles quite pleasurable as well.

With a payload capacity of 415 pounds (188 kg), the RadTrike can fit both larger riders and a pile of cargo. It is also compatible with a large amount of Rad’s existing accessory line, including many of the cargo basket accessories, so riders will be able to haul around groceries and gear right from the start.

They won’t have to wait long either, as the RadTrike is already available to order for $2,499 with inventory ready to ship out in mid-January. Those wanting to take a test ride can find the RadTrike in stock at Rad’s flagship stores in Seattle; Brooklyn, NY; Huntington Beach, CA; Salt Lake City; and soon in St. Petersburg, FL.

Electrek’s Take

Yes, sign me up! I know it might sound strange but I actually love electric trikes. I see them as the pickup trucks or the SUVs of the e-bike world (without the egregious waste of resources of those actual vehicles).

They take bicycle parts and combine them into something that can comfortably haul around so much more.

Rad is being very careful to shy away from calling the RadTrike a kid-carrying vehicle, which I understand from the liability side. But at the same time, that’s going to be a HUGE feature for something like this. Where I live in Tel Aviv, it’s common to see parents riding an e-trike for school drop-off with two or three kids on a bench on back. I’ve even seen four kids with a dad on an e-trike (the smallest child was on a front-mounted child seat). Around here e-trikes are just treated as an obvious choice for a second vehicle. If one parent is already out with the family car, then the other parent can do after-school pickup on the trike.

Obviously you have to ride extra safely when you have kids on board, but in that sense the RadTrike could be a huge opportunity to legitimately replace a second family car with an e-bike (err, e-trike).

And of course when you factor in all that cargo space for grocery runs and other gear-intensive trips, this thing is a no-brainer.

So while it’s definitely going to be a nice option for the elderly and balance-impaired, don’t count it out as a totally normal e-bike for those that just want a bigger pedal vehicle for carrying more stuff. Like I said, the RadTrike is the SUV of the e-bike world.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Texas data center expansion raises blackout risk during extreme winter weather

Published

on

By

Texas data center expansion raises blackout risk during extreme winter weather

A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021.

Thomas Ryan Allison | Bloomberg | Getty Images

The rapid expansion of data centers in Texas is driving electricity demand higher during the winter, compounding the risk of supply shortfalls that could lead to blackouts during freezing temperatures.

The Lone Star state is attracting a huge amount of data center requests, driven by its abundant renewable energy and natural gas resources as well as its business friendly environment. OpenAI, for example, is developing its flagship Stargate campus in Abilene, about 150 miles west of Dallas-Forth Worth. The campus could require up to 1.2 gigawatts of power, the equivalent of a large nuclear plant.

The North American Electric Relibaility Corporation warned this week that data centers’ round-the-clock energy consumption will make it more difficult to sustain sufficient electricity supply under extreme demand conditions during freezing temperatures like catastropic Winter Storm Uri in 2021.

“Strong load growth from new data centers and other large industrial end users is driving higher winter electricity demand forecasts and contributing to continued risk of supply shortfalls,” NERC said of Texas in an analysis published Tuesday. Texas faces elevated risk during extreme winter weather, but the state’s grid is reliable during normal peak demand, NERC said.

During Uri, demand spiked for home heating in response to the freezing temperatures at the same time power plants failed in large numbers due to the same weather. Texas grid operator ERCOT ordered 20 gigawatts of rolling blackouts to prevent the system from collapsing, according to a Federal Energy Regulatory Commission report. The majority of the power plants went offline ran on natural gas.

It was the “largest manually controlled load shedding event in U.S. history” resulting 4.5 million people losing power for several days. At least 210 people died during the storm. Most of the fatalities were connected to the outages and included cases of hypothermia, carbon monoxide poisoning, and medical conditions exacerbated by freezing termperatures, according to FERC.

Data center requests surge

If all of those projects were actually built, they would be equivalent to the average annual power consumption of nearly 154 million homes in Texas, according to a CNBC analysis based on 2024 household electricity data. But the Lone Star state only has a population of about 30 million people.

Beth Garza, a former head of ERCOT’s watchdog, said she is very skeptical these projects will all get built, describing the scale of the numbers as “crazy big.” More than half the projects have not submitted planning studies, according to ERCOT.

“There’s not enough stuff to serve that much load on the equipment side or the consumption side,” said Garza, who served as director of ERCOT’s Independent Market Monitor from 2014 through 2019. “There’s just so much stuff in the world to make those kinds of numbers work.”

Phantom data centers are showing up in grid connection requests across the U.S. as developers shop the same projects around to mutliple jurisdictions, said John Moura, the director of NERC’s reliability assessments. This makes it difficult for utilities to forecast future demand conditions.

OpenAI CFO Sarah Friar: 'More compute, more revenue' in response to concern on Oracle, Nvidia deals

Reliability at risk

The projects that ERCOT has approved to actually connect to the grid is much smaller at 7.5 gigawatts, but this is still a subsantial amount of new demand. By comparison, the six county region in southeastern Pennsylvania that includes Philadelphia, with a population of 1.7 million people, had a peak demand of about 8.6 gigwatts in 2024, according to the state utility board.

Texas’ supply and demand balance can become tight during winter and potentially fall into deficit. The state has 92.6 gigawatts of available resources and peak demand in an extreme Uri-like scenario could reach about 85.3 gigawatts, according to NERC.

But avalaible power could fall to around 69.7 gigawatts in extreme winter weather, leaving a supply deficit of more than 15 gigawatts. This is due to typical power plant maintainence and forced plant outages as well as reductions in power capacity due to winter conditions.

“What’s important to understand is the tightness we’re seeing,” Moura said. NERC’s winter assessment only included data center facilities that have reached certain milestones to filter out speculative projects, he said.

“I can’t stress enough how much of a monumental change this is for the electric industry,” Moura said of the data center requests. One solution is for data centers to show flexibility in their electricity consumption to help keep demand and supply in balance during extreme winter scenarios, he said.

In the case of Uri, natural gas plants made up 58% of all the unplanned outages in Texas, according to FERC. Freezing tempartures reduced gas production, led to challenges delivering fuel and problems transmitting electricity as power lines fell.

Texas has adopted rules to harden natural gas infrastructure for extreme winters in the wake of the storm.

When gas plants go out in such a large way, solar and battery storage also face challenges, according to NERC. Peak demand in winter is in the early morning hours when sunlight is lower and batteries may not have had enough time recharge, Moura said.

With data centers running around the clock, “maintaining sufficient battery state of charge will become increasingly challenging for extended periods of high loads, such as a severe multi-day storm like Winter Storm Uri,” NERC said in its analysis.

“Power shortfalls and rolling outages really could happen in the next few years in certain regions” of the U.S. as demand from facilities like data centers outstrips supply, said Rob Gramlich, president of power consulting firm Grid Strategies. “Those are unacceptable to everybody in the United States.”

Garza said she’s confident that the reliable demand from data centers will bring new supply. “Plants love that kind of of opportunity,” she said. “My expectation is that then attracts additional private capital investment to meet those supply needs.”

Continue Reading

Environment

Activist Ananym Capital sees upside if Baker Hughes spins off its oilfield services business

Published

on

By

Activist Ananym Capital sees upside if Baker Hughes spins off its oilfield services business

Company: Baker Hughes (BKR)

Business: Baker Hughes is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The company operates in two segments: oilfield services and equipment and industrial and energy technology. The OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE is organized into four product lines: well construction; completions, intervention and seasurements; production solutions and subsea and surface pressure systems. The IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry, including oil and gas, liquefied natural gas operations, downstream refining and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors.

Stock Market Value: $47.84 billion ($48.48 per share)

Activist: Ananym Capital Management

Ownership: n/a

Average Cost: n/a

Activist Commentary: Ananym Capital Management is a New York-based activist investment firm which launched on Sept. 3, 2024, and is run by Charlie Penner (a former partner at JANA Partners and head of shareholder activism at Engine No. 1) and Alex Silver (a former partner and investment committee member at P2 Capital Partners). Ananym looks for high quality but undervalued companies, regardless of industry. They would prefer to work amicably with their portfolio companies but are willing to resort to a proxy fight as a last resort. According to their most recent 13F filing, they manage $260 million across 10 positions.

What’s happening

On Oct. 21, Ananym Capital announced that they have taken a position in Baker Hughes and are calling on the company to spin out its oilfield services and equipment business, arguing such a step could help push up the stock price by at least 60%.

Behind the scenes

Baker Hughes is a leading provider of energy and industrial technology services. The company was formed through the 2017 merger of legacy Baker Hughes and GE Oil & Gas, combining best-in-class intellectual property shared by GE spinoff assets and the technical expertise from both organizations.

The company operates through two primary segments: industrial and energy technologies and oilfield services and Equipment. The IET unit (55% of projected 2025 revenue and 60% of projected 2025 EBITDA) is a long-cycle industrial and energy business focused on gas technology equipment, including turbines and compressors, and aftermarket services, including new energy applications. The OFSE unit (45%/40%) is a short-cycle oilfield equipment and production services business with an end-to-end portfolio of oilfield services and equipment for well construction and production.

Management has built up a strong track record of effective execution, and that success has been reflected in the share price, with the company delivering strong returns of 28.26%, 75.29% and 232.98% over the past 1-, 3- and 5-year periods, respectively.

Within IET, the company has taken advantage of its leading position in LNG, in which Baker now has 95% global footprint for the turbomachinery required in plant construction, a market that is expected to grow at a 10% compound annual growth rate through 2030.

Additionally, the company has a strong position in power generation, as Baker is one of few original equipment manufacturers supplying smaller-scale turbines and complete behind-the-meter power solutions. These offerings have allowed the company to play a pivotal role in helping to address rapidly growing data center demand, as its data center orders have gone from $0 to $550 million in just two quarters. As such, management is heavily investing in this opportunity — developing larger-scale power systems to support mega-data center deployments.

Furthermore, Baker’s pending acquisition of Chart Industries is expected to further strengthen IET’s position in power, LNG, and industrials. As a result, IET is approaching a 20% EBITDA margin, with further margin expansion expected as the business mix continues to shift toward aftermarket services, which generate long-term recurring revenue streams supported by contracts exceeding 10 years and margins of 35% or more.

For OFSE, management has taken steps to meaningfully improve the segment’s earnings mix and reduce its cyclical commodity exposure. This includes exiting or downsizing non-core ventures and low-margin product lines, such as its surface pressure control joint venture with Cactus; prioritizing the Middle East and international markets (now 75% of OFSE revenue), which are less correlated to commodity prices; and implementing strong pricing discipline and cost cutting measures by enforcing minimum margin thresholds on new contracts, consolidating product lines and simplifying reporting. However, despite these efforts, OFSE remains highly subject to commodity volatility, affecting both the segment’s performance and the company’s overall valuation.

Currently valued at about 9x EBITDA, Baker trades more closely with oilfield services peers (6–7x EBITDA), than its industrial and energy technology peers (16–18x), despite IET being the majority of the company’s revenue and EBITDA. An implied sum-of-the-parts multiple for Baker would put the company at approximately 13x.

It is for this reason that Ananym has launched a campaign at Baker calling for the company to either continue growing IET relative to OFSE or to pursue a sale or spin of OFSE.

Ananym believes that a potential separation could result in an about 51% immediate upside through realizing Baker’s sum of parts valuation, even when assuming $100 million dis-synergies from separation. Moreover, this upside does not reflect much of the potential long-term growth tailwinds and margin expansion expected from these ongoing operational initiatives — value drivers that shareholders should also be better positioned to realize through such a move.

Founded in September 2024, this is Ananym’s third public activist campaign. Knowing Charlie Penner and Alex Silver as we do, we would expect them to strive to work amicably with management to create value for shareholders. As such, they have already expressed full confidence in management to choose the optimal path forward, and the company’s strong operational track record fully supports that confidence.

Moreover, on Oct. 6, the company announced a review of its capital allocation, business, cost structure, and operations.

With all signs pointing towards alignment between the two parties, we do not expect that they will insist on, or even ask for, board representation or continue to engage in much more of a public campaign. Rather, we expect them to work amicably with Baker behind the scenes to unlock meaningful shareholder value. However, this cooperative approach should not be confused for weakness, as they are fiduciaries to their own investors and will do whatever is necessary to create value at their portfolio companies. Thus, should management fail to act decisively, Ananym could quickly shift to a more assertive stance.

Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist investments.

Continue Reading

Environment

First Solar opens a Louisiana factory that’s 11 Superdomes big

Published

on

By

First Solar opens a Louisiana factory that’s 11 Superdomes big

First Solar just cut the ribbon on a huge new factory in Iberia Parish, Louisiana, and it dwarfs the New Orleans Superdome. The company’s $1.1 billion, fully vertically integrated facility spans 2.4 million square feet, or about 11 times the size of the stadium’s main arena.

The factory began production quietly in July, a few months ahead of schedule, and employs more than 700 people. First Solar expects that number to hit 826 by the end of the year. Once it’s fully online, the site will add 3.5 GW of annual manufacturing capacity. That brings the company’s total US footprint to 14 GW in 2026 and 17.7 GW in 2027, when its newly announced South Carolina plant is anticipated to come online.

The Louisiana plant produces First Solar’s Series 7 modules using US-made materials — glass from Illinois and Ohio, and steel from Mississippi, which is fabricated into backrails in Louisiana.

The new factory leans heavily on AI, from computer vision that spots defects on the line to deep learning tools that help technicians make real‑time adjustments.

Advertisement – scroll for more content

Louisiana Governor Jeff Landry says the investment is already a win for the region, bringing in “hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses.” A new economic impact analysis from the University of Louisiana at Lafayette projects that the factory will boost Iberia Parish’s GDP by 4.4% in its first full year at capacity. The average manufacturing compensation package comes in at around $90,000, more than triple the parish’s per capita income.

First Solar CEO Mark Widmar framed the new facility as a major step for US clean energy manufacturing: “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”

This site joins what’s already the largest solar manufacturing and R&D footprint in the Western Hemisphere: three factories in Ohio, one in Alabama, and R&D centers in Ohio and California. Just last week, First Solar announced a new production line in Gaffney, South Carolina, to onshore more Series 6 module work. By the end of 2026, the company expects to directly employ more than 5,500 people across the US.

Read more: First Solar pours $330M into a new South Carolina solar factory


If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!

Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending