Last Updated: Wed, February 15, 2023 2:33 PM | Positive Stocks via EcoStockNews
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3 Clean Energy Storage Stocks to watch in the Renewable Revolution!
The energy storage industry is in the perfect position for success in 2023, as a wave of positive changes in the energy landscape means more investment, innovation, and growth.
The energy storage market will continue to grow due to the growing demand for peak load management and balancing grid operations.
The need for energy resilience has never been more urgent. Ramping up renewable generation, accelerating energy diversification and increasing energy storage are global priorities amid heightened geopolitical tensions and fluctuating commodity prices, supply chain shortages, and an increase in extreme weather events. Further, a confluence of external factors is pushing producers of traditional energy sources to evaluate operating in cleaner, more efficient manners. The United States has long been an appealing market for certain renewable energy technologies and investments, as well as for the developing energy-transition-related market, but that attractiveness was further bolstered in August 2022 with the passage of the Inflation Reduction Act (IRA) by the Biden Administration.
The US has long been an attractive market for renewable energy technologies, but the Inflation Reduction Act will be a game changer.
Which energy storage companies are best-placed to substantially grow their share of the market in the next 12 months?
NEOVOLTA (NASDAQ:NEOV)
About NeoVolta – NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with lithium iron phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta NV14 is equipped with a solar-rechargeable 14.4 kWh battery system, a 7,680-Watt inverter, and a web-based energy management system with 24/7 monitoring. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.
(Reuters) – Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems.
Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55 billion per year by the end of the decade, but still, the country is expected to depend on imports for supply, the report added.
Fluence (FLNC)
Fluence (NASDAQ:FLNC) is revolutionizing energy storage, access, and availability for customers in the U.S. and worldwide with its cutting-edge application of artificial intelligence and digital solutions. From providing energy storage products and services to developing operational services, Fluence aims to reduce costs and increase effectiveness for utilities, developers, commercial entities, and industrial customers.
Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, today announced that Fluence Nispera™ has expanded to provide real-time performance monitoring, AI-enabled performance analysis, and optimization of energy storage assets, and is currently operational on five energy storage assets totaling 267 MW / 948 MWh globally. The cloud-based asset performance management (APM) software is now available for energy storage and all categories of renewables including solar, wind, and hydro.
Enphase Energy (ENPH)
Enphase Energy (NASDAQ:ENPH) Enphase is a global energy management technology company that provides residential and commercial solar plus storage solutions. Enphase Energy (ENPH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term. Based on 19 Wall Street analysts offering 12 month price targets for Enphase Energy in the last 3 months. The average price target is $307.06 with a high forecast of $375.00 and a low forecast of $238.00. The average price target represents a 46.40% change from the last price of $209.74.
More From Positive Stocks
Check out the latest issue of Energy Storage Journal. Their cover story focuses on the increasing involvement of speculative investors across all sections of the battery industry and the impact of their short- to medium-term financial goals on long-term planning for future energy storage strategies. READ
