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The JackRabbit XG is basically the stronger, bigger brother of the famous little JackRabbit micro e-bike, and I had the chance to test one out to see how well a tiny little EV could work for the average commuter. As it turns out, little is big these days!

JackRabbit is well known in the micromobility industry for its pint-sized urban runabouts. The brand’s diminutive 25 lb mini two-wheelers look like a micro take on a more or less conventional e-bike, yet despite their small size they still offer 20 mph speeds and enough range for most urban riders.

But just because the brand has long focused on being as small and lightweight as possible doesn’t mean they don’t also have aspirations for power and features. That was the idea behind the JackRabbit XG: take everything people know and love about a tiny JackRabbit and hotrod it into even more “oomph” in a mini package.

Check out what it’s like to throw a leg over one of these fun little rides in my video review below. Then keep on reading afterward for even more!

JackRabbit XG video review

JackRabbit XG tech specs

  • Motor: 500W geared rear hub motor
  • Top speed: 32 km/h (20 mph)
  • Range: 32+ km (20+ mi)
  • Battery: Dual 151 Wh batteries, plus the option to replace with larger RangeBuster batteries
  • Max load: 125 kg (275 lb)
  • Bike weight: 14.5 kg (32 lb)
  • Brakes: Front and rear mechanical disc brakes
  • Tires: 20″ x 2.4″ in front and rear
  • Price$1,749 
  • Extras: Thumb throttle, rotatable handlebars, foldout foot pegs, bell, LCD display, kickstand, dual battery slots, optional fenders and other accessories

What is it for?

Since the JackRabbit XG is not an e-bike in the traditional sense (lacking functional pedals in favor of foot pegs), you’re obviously not going to choose a JackRabbit if you’re looking for exercise. Instead, this is purely a get-around-town type of ride, and probably also a have-some-fun-while-doing-it ride, too.

I’ll call it a micro e-bike since that’s how JackRabbit classifies it, but you wouldn’t be wrong to call it seated electric scooter, either.

Compared to the typical standing electric scooters we usually think of, the JackRabbit XG has a lot of major advantages. The wheels are bicycle-sized, giving it a much better ride over rougher terrain and streets with pot holes. The seat and handlebars will also feel more familiar to anyone with bike experience. Yet despite ‘feeling’ like a bike, it has the lightweight portability of a scooter, truly offering the best of both worlds.

I really like the sideways spinning handlebars since they can rotate 90 degrees and shrink the width of the JackRabbit to just 7-inches (when you also fold up the foot pegs).

It only takes a few seconds and suddenly the micro e-bike is extra micro. With the bars turned, it would easily hide away under a twin bed, such as in a college dorm room.

It could also be stashed behind a couch or in the back of a closet without taking up much room for itself.

The major upgrades

I’ve spent a lot of time on JackRabbit’s smaller and more affordable micro e-bike, so it was interesting for me to compare the JackRabbit XG’s bigger size and increased features.

The biggest upgrades are likely the size of the frame and the dual battery slots.

The bigger frame gives you more space to stretch out by putting the handlebars a bit further out in front of you, and also makes the bike more robust to allow a higher weight rating of up to 275 lb.

The dual battery slots mean the bike comes with an out-of-the-box range of 20 miles instead of 10 miles.

For riders who want even more range, one or two RangeBuster batteries seen above can be swapped into those battery slots, giving riders up to 48 miles of range (or even more, if you bring the original batteries with you in your pocket or bag!).

It’s important to note that the batteries are also UL-compliant, which is critical these days for ensuring battery safety. And if you stick with the smaller batteries, their sub 160Wh rating means you may be able to bring them on many domestic airlines in your carry-on luggage (but you should check with the airline first, as batteries between 100Wh and 160Wh sometimes require advance permission).

Last year I flew through several cities with my JackRabbit OG, and its 151 Wh battery stayed safely with me in my carry-on the whole time!

But the dual battery slots and larger frame are really just scratching the surface of all the upgrades. There’s a lot more here than meets the eye.

The new display is much nicer to use, finally giving more data than the original simple LED dot display, and it now gives controls for things like LED lights.

Speaking of those lights, they’re finally available to help keep you illuminated at night for others to see you on the road! And since they run off the main battery, you don’t have to worry about charging up separate LED light batteries.

The bigger 500W motor is another nice addition since it allows for better acceleration and also more powerful hill climbing. The speed is still limited to 20 mph, but that’s fine by me. With a wheelbase this short, you probably don’t want to be hitting Class 3 speeds anyway. I don’t have any big hills around me, but I imagine bombing down a huge hill on this thing at well over 20 mph would be a bit iffy.

The new dual brakes offer more powerful stopping as well, which is nice when you have a more powerful motor. You never want to have more ‘go’ then you have ‘stop’.

There are even more interesting accessories you can add now, such as higher handle bars and a rear strut fender for keeping the puddle spray off of your back.

Basically, it feels like a lot of thought went into the new designs! Since this isn’t some out-of-the-catalog white labeled e-bike, they likely had to design a lot of this stuff from scratch without the benefit of dozens of other e-bike companies using the same parts first.

One change that doesn’t thrill me though is replacing the keyed lock for the batteries with a thumb screw lock.

On the one hand, it sure does make it easier to swap your battery out when you want to. On the other hand, it sure does make it easier for a thief to steal your battery if you lock your bike outside and don’t bring the batteries in with you.

Of course when the batteries are this small, you can easily put them in your bag to bring them inside. But I still would like the option to lock them so I’m not obligated to bring them in with me all of the time.

Fortunately, JackRabbit does give us a keylock accessory on their site if you want to swap out the thumb locks, but you’ve got to pony up an additional $25 per lock.

But what about the price?

Yep, here’s the kicker. Oh lordy, it’s priced at $1,749. That’s some serious dough!

I had gotten so used to the $999 price of the smaller JackRabbit OG that the significantly higher cost of the XG really slaps you across the face.

On the one hand, JackRabbit doesn’t get the benefit of using lots of pre-existing bike parts that they can simply select out of catalogs. Sure, some things like tires and motors are the same. But many other parts like the frame, handlebar mechanism, and unique batteries all have to be custom made for JackRabbit. So I understand that they aren’t getting the same economies of scale that bring us ultra-cheap electric bikes.

But at the same time, I know there are people out there who compare watts per dollar as their main metric, and JackRabbit will never win there. If you’re looking for the fastest or longest range ride for the least money, this ain’t it. You can leave now.

If you’re still here, then you obviously are open to other features and advantages of specific e-bikes, and that’s exactly what JackRabbit is about. Sure, you pay a premium, but you get a super lightweight and easy-to-ride micro e-bike that folds up to a mere 7 inches wide. For some people, that’s worth the premium. And if it’s not, then I still recommend checking out the OG and OG2 models from JackRabbit for $999 and $1,299. You don’t get dual batteries or some of the other features, but the prices are better and you still get a lot of the benefits found in the XG like the small size and peppy speed.

If you’ve got the cash though, the JackRabbit XG is a seriously fun ride and offers way more features than I ever expected from such a small, minimalist little e-bike.

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Texas data center expansion raises blackout risk during extreme winter weather

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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.”

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

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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.

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

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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.

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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


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