In this article we discuss the 5 Emerging Energy Technologies You Can Invest In Today. If you want to read our detailed analysis of these energy technologies, go directly to 10 Emerging Energy Technologies You Can Invest In Today.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the 5 emerging energy technologies you can invest in today:
5. Nuclear Fusion
As the countries announced tight and effective net-zero targets, nuclear technology once again captured the attention of scientists and governments. Researchers believe that if this technology can be successfully harnessed as an energy source, it could save the world from environmental catastrophe.
4. Carbon Capture and Storage
Carbon capture will be required to meet zero-emissions targets. Many countries around the world are increasing policy support for carbon capture technologies.
Carbon Capture and Storage (CCUS) technology is a way to capture the carbon dioxide emissions produced from either electricity generation or industrial processes. The principal is based on the separation of carbon dioxide from the exhaust gas and transporting it to a storage tank by compressing.
3. Energy Efficiency
Energy efficiency is now considered as an energy source. Using less energy but creating more value is the main logic behind this technology. For example, the EU is planning to reduce primary energy consumption by at least 32.5% by 2030 compared to 2018. Likewise, the US is projecting 741 million MWh in electricity savings by 2035.
2. Biomass
Urbanization is fueling biomass worldwide. Individuals produced record levels of food waste, landfills, and garbage in recent years despite sustainability calls. Global biodiesel production is expected to reach 298 Mtoe by 2030 from 96 Mtoe in 2019. There are some concerns about the future of biodiesel production due to climate challenges. However, governments have an optimistic outlook for bioenergy as a power source.
1. Offshore Wind Farms
The offshore wind industry is booming and will continue growing in the coming years with advances in electricity transmission under the sea. Currently, offshore wind provides a tiny fraction of the global electricity supply. Some companies from this segment include
– TPI Composites (NASDAQ: TPIC)
TPI Composites, Inc. designs and manufactures composite wind blades for the wind energy market. TPI has manufactured over 62,000 wind blades since 2001. Sales accounted for approximately 18% of all sold onshore wind blades on an MW-basis globally in 2019.
The stock is up 228.6% over the last 12 months and the compound 3 year revenue growth rate is 22.4%.
– NextEra Energy (NYSE: NEE)
NextEra Energy, Inc. is an American energy company with about 46 gigawatts of generating capacity. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. NextEra Energy also owns a competitive clean energy business.
– General Electric (NYSE: GE)
GE’s renewable energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; blades for onshore and offshore wind turbines.
– Equinor (NYSE: EQNR)
Equinor ASA is a Norway-based energy company that explores, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. In addition, the company develops wind, and carbon capture and storage projects, as well as offers other renewable energy and low-carbon energy solutions.
You can also take a peek at 15 Best Small-Cap Healthcare Stocks to Buy and 12 Best Mining Stocks to Buy Now.
