How to make money on Biden plan
Joe Biden unveiled a $2.3 trillion infrastructure plan. A significant part of the investments will be allocated to the modernization of the transport infrastructure. So how to make money on the “green” plan?
As the goal is to build a more sustainable economy, part of the investment in the automotive industry will be received by electric car manufacturers and their servicing businesses. According to his plan, the full transition of the United States to clean sources of energy should be completed by 2035. Biden’s plan can boost demand and the growth of the electric car market. Let’s look at promising companies that may rise in price due to the plan.
Charging stations for electric vehicles:
ChargePoint is a leading network of charging stations for electric vehicles. The company will grow rapidly and become an industry leader, experts believe.
Other options in the field of charging stations: Blink Charging; Volta is expected to merge with SPAC Tortoise Acquisition II; EVgo is expected to merge with SPAC Climate Change Crisis Real Impact I; EVBox is expected to merge with SPAC TPG Pace Beneficial Finance.
QuantumScape (QS) — a startup with investments by Bill Gates and Volkswagen
QuantumScape is an American company that develops lithium-metal batteries for electric vehicles. The company’s technology makes the battery more energy-intensive.
Bill Gates invested in the startup through his Breaking Energy Ventures fund. He noted the importance of lithium-metal batteries for reducing carbon dioxide emissions.
The company has not yet introduced the finished product to the market, but tests it with automotive companies. At the end of March, QuantumScape and Volkswagen reported that the next stage of joint testing of the battery was successful. VW’s investment in the startup after all levels of testing should be $200 million.
Other options in the field of lithium batteries:
Piedmont Lithium; Albemarle; Lithium Americas; Panasonic.
Plug Power (PLUG)
Plug Power is an American manufacturer of hydrogen fuel cells that can replace conventional batteries in equipment and electric cars. The company actively implements all new projects and attracts partners and investments.
In January the company announced plans to form a joint venture with Renault. The Plug Power fuel cells produced here will be applied to trucks in Europe.
In February Plug Power announced a partnership with the Spanish company Acciona, which opened the markets of Spain and Portugal for it. The deal with SK Group will result in an investment of $1.6 billion for Plug Power and expand the company’s presence in the Asian market.
In addition, the company intends to build the largest clean hydrogen plant in North America in Pennsylvania.
Amit Dial, H. C. Wainwright analyst, noted in January: “With partners like SK Group and Renault, Plug Power actually has government support to accelerate the commercialization of hydrogen fuel cells in Asia and Europe.” He expects them to take a significant share of the energy and transportation markets over the next decade.
Other options in the field of hydrogen fuel cells:
Ballard Power Systems; Bloom Energy; FuelCell Energy.
Don’t forget to use MonInvAI while making your trading decisions!
