Upstream stocks of energy storage batteries

How many battery energy storage systems will be added to the grid?

All such projections must have led the U.S. Energy Information Administration (EIA) to estimate that a significant number of battery energy storage systems will be added to the U.S. power grid. As stated in EIA Annual Energy Outlook 2021’s (AEO2021) reference case, 59 gigawatts (GW) of battery storage will serve the power grid in 2050.

Are battery storage stocks a good investment?

Considering the aforementioned growth projections, we have mentioned a handful of stocks that are involved in the battery storage market and boast solid growth prospects, thus demanding investors’ attention.

Are battery Stock Exchange-Traded Funds a good investment?

Battery stock exchange-traded funds like BATT provide investors with exposure to leading U.S.-listed names in this space — some of which will be discussed in further detail below. BATT also has holdings in foreign-based battery technology companies that are difficult for stateside investors to buy.

What drives the battery storage market growth?

A major catalyst driving the battery storage market growth is the rapidly declining cost of storage in the United States. Evidently, as stated in a research report by BloombergNEF in December 2020, the cost of Lithium-ion battery pack prices declined close to 90%. Notably, prices were lower than $100 per kilowatt-hour (kWh) for the first time.

Is battery storage the key to the EV industry's Bloom?

Obviously, battery storage holds the key to the EV industry’s bloom. Per International Energy Agency, in the United States, electric car sales in 2020 were 4% higher than the 2019 level, amid a car market that shrank by 15%.

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.