As the world becomes increasingly focused on sustainability and reducing our carbon footprint, the demand for large-scale energy storage solutions continues to grow.
Companies that specialize in developing and implementing these solutions are becoming more popular among investors who are looking for opportunities to support a more sustainable future while earning a return on their investment.
Here are some of the most popular companies to invest in that focus on large-scale energy storage:
Tesla is a household name when it comes to electric vehicles, but the company is also heavily involved in large-scale energy storage solutions.
Tesla’s Powerpack and Megapack energy storage systems are designed for commercial and utility-scale applications, and the company is working on developing even larger systems in the future. On top of this, purchasing a Tesla can net you a tax benefit of up to $4,000.
AES is a global power company that operates in 15 countries and is focused on accelerating the transition to a cleaner energy future.
The company’s energy storage solutions include the Advancion platform, which is used for utility-scale applications, and the sPower subsidiary, which focuses on renewable energy development.
Fluence Energy is a joint venture between AES Corporation and Siemens AG, and specializes in energy storage solutions for utilities, power markets, and commercial and industrial customers.
The company’s energy storage systems use advanced software to optimize performance and enable the integration of renewable energy sources.
LG Chem is a South Korean company that produces a wide range of chemicals and materials, including batteries for electric vehicles and energy storage systems.
The company’s RESU energy storage systems are designed for residential and commercial applications, and are compatible with a variety of solar inverters.
NextEra Energy is the world’s largest producer of wind and solar energy, and is also heavily involved in energy storage solutions. The company’s subsidiary, NextEra Energy Resources, operates more than 160 energy storage projects across the United States, including the largest solar-plus-storage project in the world.
Investing in companies that focus on large-scale energy storage can be a smart move for investors who are looking for opportunities to support sustainable energy solutions while earning a return on their investment. Learn more on the “why” behind investing in energy storage.
By choosing to invest in companies like Tesla, AES Corporation, Fluence Energy, LG Chem, and NextEra Energy, investors can help to drive innovation and accelerate the transition to a more sustainable energy future.