Global transport is changing at breakneck speed, rushing to meet the demands of global warming. Electric cars – unheard of just five years ago – are now almost everywhere, while ships and aircraft are increasingly looking to move to hydrogen power. Below we look at the top five stocks powering the future of mobility.
Rolls-Royce
(London: RR)
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Renewable energy is in the spotlight and the battery technology supply chain is key to the transition.
Wind and solar energy are forecast to supply around 48% of world electricity needs by 2050, with battery technology, gas peakers (turbines or engines that burn natural gas) and dynamic demand anticipated to drive market penetration of solar and wind by more than 80% according to BloombergNEF1 . The same report also suggests the costs of renewable energy will undercut coal and gas in most parts of the world by 2030 – a compelling reason for countries to focus on it.
While investors may be well aware of Tesla’s credentials in battery storage, the supply chain for battery technology extends far beyond one company and covers mining companies, manufacturers of battery storage and storage technology providers.
Here are 4 companies fuelling the transition.
1) SolarEdge Technologies Inc (NASDAQ: SEDQ)
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