EQT Plans to Take Fujitec Private Through $2.7 Billion Tender Offer
EQT said Wednesday that it would own 85% of Fujitec and its founding family would retain the remaining 15% stake following the privatization.
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New York Post
6 hours ago
- New York Post
Your passport to 56 new ways of saying 'hello' is right here
Discover startups, services, products and more from our partner StackCommerce. New York Post edits this content, and may be compensated and/or receive an affiliate commission if you buy through our links. TL;DR: Learn up to 56 languages for life with Qlango's game‑style challenges, spaced repetition, and hint system — all for $31.97 until September 7. Forget dull grammar drills and endless flashcards. Qlango turns language learning into something you'll actually look forward to. With lifetime access to 56 different languages for just $31.97 through September 7, you can jump from Spanish to Japanese to Icelandic without missing a beat. The app's big trick? It only lets you answer in your target language, which means you'll start thinking and speaking like a native faster, instead of translating in your head. The built‑in hint system is like a friendly tutor on standby — there when you need it, but never nagging. And the spaced repetition method works quietly in the background, bringing words back just when you're about to forget them. You'll master 6,679 of the most useful words in your chosen language — each paired with two practical example sentences so you know exactly how to use them in real conversations. New York Post Composite Qlango also understands that everyone learns differently. Multiple choice, dictation, translation, sentence building, matching, and more. You can focus on words, full sentences, or mix things up depending on your mood. And with six difficulty levels, you can start as a complete beginner and gradually work your way up, or jump straight into more advanced content if you're feeling confident. Set your own weekly study goals and learn on your terms. There are no daily penalties if you miss a day — Qlango is flexible enough to fit around your life instead of the other way around. Plus, you can hear words spoken clearly with a tap, helping you nail pronunciation. Whether your goal is ordering coffee in perfect French, holding a business meeting in German, or simply impressing your friends with a casual phrase in Mandarin, Qlango makes learning engaging, flexible, and actually fun. Start your language-learning journey today with a lifetime subscription to Qlango for just $31.97 (MSRP $119.99). StackSocial prices subject to change.
Yahoo
21 hours ago
- Yahoo
AI's endless thirst for power is driving a natural gas boom in Appalachia—and industry stocks are booming along with it
Natural gas has always been the overlooked little brother to crude oil that drives the fossil fuel industry dating back to the famed Drake Well in 1859 in Pennsylvania, which launched the U.S. oil and gas industry. The dynamics have changed now—especially in the heart of the gassy Marcellus Shale in Pennsylvania. Gas demand is beginning to boom thanks to the electricity feeding frenzy from data centers, skyrocketing liquefied natural gas (LNG) exports, and the ongoing retirements of aging coal plants being replaced by relatively cleaner-burning gas. Many of the nation's top gas producers, including Expand Energy, EQT, Range Resources, and Antero Resources, all have major Appalachian footprints and market cap values that have spiked by 25% to 75% the past 12 months. Meanwhile, crude oil-weighted stocks are almost all down, mired in a prolonged slump of middling pricing, weaker demand growth, and surging OPEC production hikes. 'With the resource-rich potential in this [Marcellus] basin and the growing demand component for AI and data centers and power, it really is setting us up well to help shape this AI revolution that's going to take place here in the United States,' Range Resources CEO and President Dennis Degner told Fortune. A decade ago, the gas industry's fortunes focused on seasonality and how cold each winter would prove, Degner said. 'Now we're talking about power and data centers and LNG essentially doubling over the next few years. Those are all big, diverse demand components that really get us excited about the durability of our business model.' The Appalachian region—primarily the Marcellus and Utica shale plays in Pennsylvania, West Virginia, and Ohio—produces just over one-third of the nation's gas—and very little oil—with proximity to Virginia's growing Data Center Alley and, now, more AI infrastructure expected within Appalachia. After a couple of decades during which U.S. power demand remained relatively stagnant, domestic electricity consumption is expected to surge by 25% from 2023 to 2035 and roughly 60% from 2023 to 2050, driven largely by AI and data centers, according to the International Energy Agency. Likewise, record-high LNG exports will roughly double by 2030. Based on new construction underway or greenlit along the U.S. Gulf Coast, LNG exports are expected to rise from 15 billion cubic feet per day in 2024 to at least 30 billion daily by the end of 2030. 'It's really night and day when you look at the gas names versus the oil names,' said Gabriele Sorbara, energy analyst at Siebert Williams Shank & Co. 'The fundamentals for gas are very strong. You're going to have massive tailwinds.' Appalachia's tech boom Antero chairman and CEO Paul Rady said in his earnings statement that the industry now expects natural gas demand to soar 25% by 2030, led by LNG growth and then by data center power thirst. That's an astonishing jump for a U.S. sector that pumps out 107 billion cubic feet of gas per day—already double the amount since the nation's shale gas boom kicked off 20 years ago. The top gas producers are all exceeding their production estimates this year with goals to continue ramping up for at least the next two or three years. But they're doing it without huge spending hikes because of the operational efficiencies gained through drilling and completing wells. Range Resources, for instance, aims to grow its production 20% by the end of 2027. But Range is doing it while only operating two drilling rigs. For comparison, Big Oil giant and leading Permian Basin producer Exxon Mobil has at least 35 rigs operating in the huge West Texas oil basin. 'These [Marcellus] wells are just massive,' Sorbara said. Instead, the question marks focus on the exact extent of demand growth, the timing, and the gas pricing, making gas players relatively conservative when it comes to ramping up production, building new pipelines, and inking fixed-pricing deals with data center developers. For instance, since mid-June, natural gas prices and stock values have slumped a bit because of milder weather and rising gas storage levels. But that's not slowing the bullishness. Range sends about half of its Pennsylvania gas toward the U.S. Gulf Coast and LNG exports but, because of pipeline constraints, additional growth is almost all coming from regional data center demand. In July, Trump touted $92 billion in energy and AI investments in Pennsylvania from hyperscalers, power generators and more. Range, for instance, has a new partnership with Imperial Land industrial park developer in Pennsylvania to fuel new gas-fired power generation for data centers. Pennsylvania's Homer City complex will soon become the nation's largest gas-fired power plant. The massive 1.9 coal plant east of Pittsburgh is being converted to natural gas with up to 4.5 gigawatts of power capacity to serve a sprawling data center campus. The largest Marcellus gas producer, EQT, recently inked deals to provide gas to Homer City and to Pennsylvania's planned Shippingport Power Station, also being converted from coal. And EQT is providing pipelines services to fuel planned gas plants in West Virginia in the heart of coal country. 'The cluster effect of these AI data centers and these ecosystems will only continue to build on themselves,' EQT CEO Toby Rice said in his earnings call. 'As momentum grows in our operational footprint, we think the opportunity could get larger. 'One of the reasons why people are selecting this region to build their data centers is because they're building on top of a lot of gas infrastructure,' he added. There may be a current bottleneck on gas turbines for building power plants, but manufacturing is ramping up and most of the hyperscalers' projects are a few years from coming online. The nation's top natural gas producer is little-known Expand Energy because it was formed just 10 months ago through the combination of Chesapeake Energy and Southwestern Energy. Expand has huge presences in both Appalachia and northern Louisiana's gassy Haynesville Shale near the LNG hubs. 'It's a pretty exciting time for natural gas,' said Expand CEO Nick Dell'Osso in the second-quarter earnings call. 'You have people recognizing the value that gas plays in the economy, the efficiency that gas creates for the growth in power demand, which is all tied to our growing economy fueled by the innovation associated with AI.' The gas players are increasingly confident they're not going to boom and bust. The Marcellus has ample reserves for decades so long as they don't overproduce. 'We can do this for decades to come, and now you're talking about a [data center] demand component that's coming that's heavily dependent on reliability, repeatability, and the [gas] inventory,' Range's Degner told Fortune. Of course, Range thrives on all three, he emphasized. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
a day ago
- Miami Herald
A Former GM and Lordstown Motors Factory Might Become an AI Data Center
A recent Bloomberg report has revealed the identity of the mystery buyer who purchased the former General Motors and Lordstown Motors factory in Lordstown, Ohio, in a series of multimillion-dollar transactions involving the acquisition of the factory's buildings, land, equipment, and machinery. According to unnamed sources who spoke with the business publication, the Japanese investment firm SoftBank is the party responsible for acquiring the vehicle plant in Lordstown, Ohio. SoftBank is primarily known for its investments in the technology sector, and the acquisition is said to be in support of its Stargate data center project. The Stargate project, initiated in collaboration with OpenAI and Oracle, aims to invest $500 billion by 2029 toward building infrastructure that supports artificial intelligence (AI) models like ChatGPT. A major backbone of this project is the construction of a large data center in Texas, which is currently underway. However, the companies involved have expressed that they're interested in building similar facilities in other states and countries. However, in May, Bloomberg reported that SoftBank was struggling to line up funding for the project and was already hampered by the Trump administration's tariffs and trade levies. The source noted that although SoftBank has not yet developed a financial plan for Stargate, it has approached Foxconn to collaborate on building AI data centers and related infrastructure across the United States. The sale of the EV plant is said to be a part of these efforts by the Japanese investment firm. Earlier this week, Taiwanese electronics giant Foxconn, the contract manufacturer known for building notable consumer favorites like the Nintendo Switch game console and the Apple iPhone, sold the former General Motors car factory in Lordstown, Ohio, to "Crescent Dune LLC" for a total of $375 million. Crescent Dune is a two-week-old Delaware LLC; however, Foxconn spokesperson Matt Dewine stated that the buyer is an "existing business partner." Per Taiwan stock exchange filings, the site itself, including the land and buildings, was sold for around $88 million, while manufacturing equipment from Foxconn's EV subsidiaries fetched around $287 million. In a statement to Automotive News, Foxconn said that Lordstown is an "integral part of the company's footprint" in the U.S., adding that the decision to sell it "is part of the company's plan to expand into new business areas." Though they also stated that they plan to continue operations at the Lordstown site and are still committed to the auto industry, a previous report from The Wall Street Journal said that Foxconn intends to repurpose the EV factory to build AI hardware and equipment at the site. Already, Foxconn has a manufacturing facility in Houston for AI servers and has partnered with electronics giants like Apple and Nvidia to establish AI-related facilities in the U.S. GM operated the Lordstown facility from 1966 to 2019, where it made a variety of different cars, including Chevy full-size cars, as well as compact cars like the Vega, Monza, Cavalier, Cobalt, and Cruze. In 2019, Lordstown Motors purchased the facility to manufacture the Lordstown Endurance electric pickup. In 2022, Foxconn acquired the facility after the EV company encountered financial difficulties and managed to assemble a small number of electric pickups before Lordstown Motors filed for bankruptcy in June 2023. Several other startups, including Fisker, considered partnering with Foxconn to manufacture electric vehicles at Lordstown; however, those plans ultimately fell through. Currently, Foxconn is using the Lordstown plant to assemble electric tractors for Monarch, a California-based startup. As I have said before, Foxconn's Lordstown factory can be a crucial asset for automakers who want to reduce their tariff impact, as in its GM days, it produced nearly 16 million vehicles between 1966 and 2019 and peaked at 290,000 cars in 2014. The fact that this AI avenue is something that is seriously being considered for the Lordstown plant, with significant backing from a firm as powerful as SoftBank, really solidifies my belief that this was a wasted opportunity to possibly onshore a car company that exclusively manufactures overseas. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
