BlackRock has introduced a new energy-focused exchange-traded fund (ETF).
Named the iShares Energy Storage and Hydrogen UCITS ETF (STOR), this fund was unveiled on Euronext Amsterdam. It features a total expense ratio of 0.50%, making it an attractive option for investors. The ETF is designed to track the STOXX Global Energy Storage and Hydrogen index, thus providing investors with exposure to the growing energy storage sector.
The STOR ETF focuses on companies involved in innovative energy solutions, including energy storage systems like stationary and heavy-duty batteries, as well as hydrogen fuel technology. This ETF’s top holdings include Contemporary Amperex Technology Co., Air Products & Chemicals Inc., and Asahi Kasei Corp. Contemporary Amperex Technology, a Chinese tech giant, is a key battery manufacturer and a crucial Tesla supplier. Meanwhile, Air Products & Chemicals offers atmospheric gases and related services, primarily in the U.S. and Asia. These companies represent the ETF’s focus on sectors advancing energy efficiency and cost-effectiveness.
Revival of Lithium Refinery
A significant development also involves Contemporary Amperex Technology and Jiangsu Lopal Tech Co. They recently resumed operations at their lithium refinery after a five-month hiatus. This move could influence market prices for lithium, a fundamental element for battery production. By restarting the refinery, these companies might help maintain lower lithium prices, potentially benefiting battery manufacturers globally.
The companies included in the STOR ETF are chosen through detailed analysis. Factors considered include revenue sources and innovation, assessed using patent data. This method ensures that the ETF comprises firms leading in groundbreaking technologies related to energy storage and hydrogen fuel.
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