How can I invest in the energy sector?
To invest in the energy sector, you should consider investing in securities of companies principally engaged in the energy field, including conventional areas like oil, gas, electricity, and coal, as well as newer sources such as nuclear, geothermal, oil shale, and solar power. This typically involves investing at least 80% of assets in these types of companies, and can include domestic and foreign issuers.
Are energy storage systems in demand?
Energy storage systems are increasingly in demand to increase the effectiveness of solar power arrays, with the Energy Information Administration estimating in February that new utility-scale electric-generating capacity on the U.S. power grid will hit a record in after a 30% increase over the prior year.
Is Bloom Energy a good energy storage stock?
Bloom Energy is one of the smaller picks on this list, but it may be the most dynamic energy storage stock out there. It specializes in advanced fuel cell energy platforms, which use a proprietary solid oxide technology to convert natural gas, biogas or hydrogen into electricity with low or even zero carbon emissions.
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