EVA - Orsted flags shortage in a niche low-carbon energy market

Orsted (OTCPK:DNNGY), the $50b European energy company best known for it's market-leading wind business, flagged a shortage in the niche wood pellet market Monday. In addition to operating the world's largest wind business, Orsted (OTCPK:DNNGY) manages nine power plants in Denmark. Of those, six plants run on wood pellets, while two run on gas and one on coal. In an interview published by the FT Monday, CEO Mads Nipper said, "biomass is hard to get right now because everyone is looking for fuel." As a result, the company is planning for increased coal consumption.  Political fallout from the war in Ukraine has been a boon for European gas producers like Equinor (EQNR) and Shell (SHEL). Though coal investors have been quick to highlight that any shortage in gas would lead to elevated coal imports, benefitting producers like Peabody (BTU) and CONSOL (CEIX). However, few have drawn the line between the

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Orsted flags shortage in a niche, low-carbon energy market