This app got me into investing after sitting on the sidelines (I wanted be a stockbroker after university) - after decades. So I love this space, and wanted to hear your views on a topic I’m passionate about.
I’m a writer on climate change and clean energy. And I’m convinced that clean energy is going to be a much bigger thing than people realise. It won’t be an energy transition so much as an energy transformation.
People haven’t yet realised how cheap clean energy has become over the last decade. Most think it is more expensive (and it was, a decade ago!). In large parts of the world its now cheaper to start a solar/wind farm than operate an existing coal station. The economics have changed much faster than anyone expected. Plus, everyone expects solar and wind energy to get even cheaper, due to manufacturing, supply chain and technical efficiency.
This creates huge opportunity. Think about the possibilities if we had an abundant supply of very cheap electricity. And investors are starting to see that. Investing into clean energy is breaking new records in the UK and US. Climate tech investment is getting big business. Related industries like transport, electric charging, batteries, mining, metals, energy supply are also being created and growing fast.
In an interview this week, Bill Gates predicted:
“There will be, you know, Microsoft, Google Amazon-type companies that come out of this space.”
“There will be eight Teslas, 10 Teslas. And only one of them is, is well known today.”
What do you think about my theory? Happy to be critiqued.
Secondly, if you’re with me, what have you invested into? I’m curious. I’ve invested into the Global Clean Energy ETF and a bunch of British and American clean energy companies ($FSLR, £ITM, £UKW, £TRIG, £NESF, $TSLA). They offer great dividends and/or capital growth.
(edit, just added some links to back up some of my points)