Invest 800 million in independent energy storage

How much will the IPP invest in solar & energy storage?

According to its Strategic Plan 2023-2026, the IPP will commit US$2.6 billion to these expansions, with US$1.5 billion allocated to solar PV and US$800 million to energy storage. Of its three major operational markets – the US, Europe and Latin America – Grenergy highlighted Chile as a fulcrum for leveraging up its solar and storage businesses.

Which energy storage stocks are a good investment?

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.

Is CIF funding the next frontier in energy storage?

CIF is also fueling the next frontier in energy storage: $70m in CIF funding is set to help kick-start a $9 billion energy revolution in Brazil, which includes substantial investments in energy storage, such as pumped hydro and green hydrogen development.

How many new storage projects have been approved in the developing world?

Twelve new projects across the developing world have already been approved, including in Bangladesh, Brazil, Colombia, Haiti, Honduras, India, Indonesia, the Maldives, and Ukraine. In the next three years, CIF plans to create 1.8 GW of new storage capacity and integrate an additional 16 GW.

How will utility and energy companies evolve?

There is no way to predict precisely how the landscape of utility and energy companies will evolve, but these firms are front-footed when it comes to the next generation of energy storage infrastructure: Known for its "gigafactory" designs, Tesla is a natural fit for any list about battery technology.

What are some interesting energy storage ETFs?

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).