Energy is a commodity that everyone needs but cannot necessarily get. In dealing sloping countries the ability to generate affordable electricity is scarce. Many have to use oil to power the energy plants and this can get very expensive. As an equity investor Wes Edens saw this need and knew of a way to lower costs and provide a cleaner solution to electric generation.
Wes Edens was born in 1961 in the state of Montana. He is presently residing in New York. He went to college to learn about the financial markets. After college he spent time working on Wall Street to hone his skills. He is presently the owner of the Milwaukee Bucks basketball team. He is the co-founder of Fortress Investment Group which is an equity and hedge fund firm.
He is the founder of the New York based firm New Fortress Energy. This firm was founded in 2014. The goal of the firm is to locate and harvest affordable clean energy. When the firm was seeking cleaner energy options to run their locomotives to move energy from Florida around the country, See us found a gap in affordable options.
This energy gap prompted Edens to start production of a natural gas factory. There he would be able to harvest the natural gas needed to power his rail system. This has would be liquefied and bottled and shipped around the country. He soon realized this same process could be used to export natural gas around the world.
A benefit Edens realized was that in bottling the gas he could circumvent the pipeline system. In doing this he could also export the energy quicker and avoid Federal oversight and regulations. This meant a greater profit for his company and affordabke, clean energy for other countries.
The natural gas industry is presently experiencing an export boom. The companies that can meet this demand in the quickest possible way will be the ones that will garner the greatest benefits. Edens is a billionaire. He became one because he learned how to read market trends and meet market needs in the most expeditious manner possible. He plans for the long term in order to maximize profits and secure financial health.