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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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U.S. Energy Company Orders 450 MW of INNIO's Jenbacher J624 Containerized Engines to Deliver Behind-the-Meter Power for Data centers

LCG, September 17, 2026--INNIO N.V. today announced that the company secured an order from a U.S. energy company for 450 MW of power infrastructure. INNIO’s Jenbacher J624 containerized gas engine can produce approximately 4.5 MW, and the engines will be supplied to support off-grid, alternative power solutions for large-scale data center projects in North America. The engines are expected to be delivered by 2028.

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Industry News

Investment Banks Entering into More Energy Trading

LCG, June 3, 2004--Electricity, oil and natural gas are appearing on the balance sheets of an increasing number of New York-based investment banks, as they try to help clients overcome weakened credit ratings as well as profit from volatility in the prices of those commodities.

According to the Wall Street Journal, Citigroup Inc. has added oil specialists to its ranks, while Goldman Sachs Group Inc. and Morgan Stanley have signed contracts that they are backing up with acquisitions of fuels and electricity. They are trading on the commodities, and making markets for industries with large fuel consumption, such as airlines, as well as for speculative traders such as hedge funds.

TXU Corp. has entered into a joint venture with Credit Suisse First Boston, which has a stronger credit rating, to trade natural gas and electric power. Such partnerships may increase in number as investment banks seek to enter businesses different from their traditional roles, and energy companies recover from their aggressive capital outlays to build power plants a few years ago.
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