Ishaan
3.1K posts

Ishaan
@ishaan0a
reactor engineer @ Valar Atomics sincerely unserious




Bank of America asked me to give a presentation to hedge fund managers on AI and oil and gas today. Here's the full presentation.



👀💸@LockheedMartin is boosting its venture fund from $400 million to $1 billion, the largest increase since the fund was set up in 2007. LMV has backed some familiar names in recent years, including Firestorm, Skydio, HavocAI, Vatn, Fortem, Regent, Radiant, and HawkEye 360.

Alfa Laval, a Swedish company most people have never heard of, leads the $20 billion global heat exchanger market. Five firms control over a third of it. Most are European. A refinery runs on heat exchangers. Pipes move hot fluid past cold fluid at every stage of the process. Hundreds of them sit in a single facility, each designed for a specific temperature and pressure. Refining is heat management that happens to produce fuel. When we were building our plant in Houston, we competed with data centers for every piece of critical equipment. Heat exchangers were no exception. Titanium or superalloy units take over a year to fabricate. Only a handful of shops worldwide are certified to build them. A single fouled heat exchanger can shut down an entire process line. In a refinery running 100,000 barrels a day, that's $1 to 2 million in lost margin every day. When one breaks, there is no domestic alternative at scale.




JUST IN - India's opposition leader Rahul Gandhi: "Any language or action that contemplates the end of civilization is unacceptable in the modern world."






