This projected growth in stationary energy storage will require more than $262 billion of investment, BNEF said in its 2021 Global Energy Storage Outlook. Yayoi Sekine, the firm’s head of decentralized energy, said, “This is the energy storage decade.
Another reason to stay invested in the energy sector is diversity. A well-diversified portfolio should be spread around different areas of the market. The fact that energy has trailed market averages in past years isn't a reason to avoid it now. Especially with a new age dawning for renewable energy.
The Companies argue that they selected the potential storage project locations in order to demonstrate the ability of energy storage to: (1) offset new upgrades to their distribution system; (2) eliminate the use of aging diesel generators that produce greenhouse gas emissions; and (3) address intermittency and smooth voltage from distributed e...
Albemarle is the top holding, followed by Tesla, so if you can't decide from the previous stocks, this fund is a good one-stop investment to play the pending energy storage boom. With more than $1 billion under management and about 60 components, this First Trust fund is another interesting and diversified way to play energy storage.
You'll have to make your peace with Tesla making most of its profits from electric vehicles rather than storage, but that may not be too much of a deterrent for many investors given the fact that Tesla has nearly doubled year to date in 2023. Lithium batteries are seen by many as the future of energy storage.
Another interesting energy storage ETF is GRID, which is focused on alternative energy infrastructure companies such as power management company Eaton Corp. (ETN), industrial conglomerate Johnson Controls International PLC (JCI), and electronics and automation pioneer Abb Ltd. (ABB).