High. This portfolio invests in companies across the clean energy and energy transition ecosystem. While these businesses benefit from long-term structural tailwinds such as decarbonization, electrification, and policy support, they remain exposed to commodity price volatility, regulatory and policy uncertainty, technological change, capital intensity, and execution risk. Portfolio performance may be influenced by shifts in government incentives, interest rate conditions, supply chain dynamics, and the pace of adoption of renewable energy and electrification technologies.
You are seeking long-term exposure to the global energy transition through companies enabling renewable power generation, electrification, energy storage, and clean energy infrastructure. This portfolio is suitable for investors who are comfortable with higher volatility and policy-driven cycles in pursuit of long-term capital appreciation linked to the decarbonization of the global economy.
Clean Energy companies are evolving from niche alternatives into core components of the global energy system. Their technologies enable electricity generation from renewable sources, the electrification of transportation and industry, and the development of grid-scale energy storage and transmission infrastructure. These businesses play a critical role in supporting energy security, sustainability goals, and the modernization of power systems worldwide.
Companies in this space typically operate across renewable power generation, clean energy equipment manufacturing, energy storage solutions, grid infrastructure, and enabling technologies. Their ability to scale production, improve efficiency, reduce costs, and deploy capital into long-duration assets positions them to benefit from the multi-decade shift toward cleaner energy systems.
Key drivers supporting this theme include global decarbonization targets, rising electricity demand from electrification and data centers, declining renewable energy costs, advances in energy storage technologies, and sustained public- and private-sector investment in clean energy infrastructure. As energy systems transition globally, these companies are well-positioned to capture long-term value across multiple segments of the clean energy value chain.
The Clean Energy portfolio provides focused exposure to this theme by investing in a select group of companies across the clean energy ecosystem that combine technological leadership, scale, and strategic relevance. By emphasizing businesses aligned with long-term energy transition trends, infrastructure build-out, and electrification, the portfolio aims to participate in the structural transformation of the global energy landscape.
For this portfolio, we have identified the below companies:
| Company | Description |
|---|---|
| Advanced Energy Industries, Inc. (AEIS) | Advanced Energy Industries creates highly engineered power conversion and control technologies that are critical for manufacturing solar panels and energy-efficient semiconductors. |
| Albemarle Corporation (ALB) | Albemarle Corporation is a leading global producer of lithium, a crucial raw material for manufacturing batteries used in electric vehicles and large-scale energy storage systems. |
| Bloom Energy Corporation (BE) | Bloom Energy Corporation designs and manufactures solid oxide fuel cells that produce clean, reliable electricity on-site for businesses and utilities without combustion. |
| Darling Ingredients Inc. (DAR) | Darling Ingredients Inc. repurposes organic waste materials into valuable resources, including renewable diesel fuel, which helps reduce carbon emissions from the transportation sector. |
| Enphase Energy, Inc. (ENPH) | Enphase Energy, Inc. provides solar microinverters and battery storage systems that enhance the efficiency and reliability of residential and commercial solar power installations. |
| First Solar, Inc. (FSLR) | First Solar, Inc. is a leading manufacturer of advanced thin-film photovoltaic solar panels, providing a lower-carbon alternative to traditional fossil fuel energy sources globally. |
| Itron, Inc. (ITRI) | Itron, Inc. offers technology and services for energy and water resource management, enabling utilities and cities to build smarter, more efficient energy grids. |
| MP Materials Corp. (MP) | MP Materials Corp. owns and operates a key domestic source for rare earth elements, which are essential components for powerful magnets used in electric vehicles and wind turbines. |
| Monolithic Power Systems, Inc. (MPWR) | Monolithic Power Systems, Inc. designs high-performance power management semiconductors that improve the energy efficiency of electronic devices, data centers, and renewable energy systems. |
| Navitas Semiconductor Corporation (NVTS) | Navitas Semiconductor Corporation designs advanced gallium nitride power integrated circuits that enable more energy-efficient and compact power conversion for various clean energy applications. |
| Nextracker Inc. (NXT) | Nextracker Inc. specializes in intelligent solar tracker and software solutions that optimize the energy production of utility-scale solar power plants by following the sun's movement. |
| Universal Display Corporation (OLED) | Universal Display Corporation develops and licenses energy-efficient organic light-emitting diode technologies, which help reduce power consumption in electronic displays and lighting systems. |
| Ormat Technologies, Inc. (ORA) | Ormat Technologies, Inc. is a global leader in geothermal energy, designing, building, and operating power plants that generate clean electricity from the Earth's natural heat. |
| Plug Power Inc. (PLUG) | Plug Power Inc. is a leading provider of hydrogen fuel cell solutions that are replacing conventional batteries in vehicles and equipment to power the green hydrogen economy. |
| Rivian Automotive, Inc. (RIVN) | Rivian Automotive, Inc. manufactures all-electric adventure vehicles, including trucks and SUVs, contributing to the transition away from fossil-fuel-powered transportation. |
| Sunrun Inc. (RUN) | Sunrun Inc. is a leading residential solar, battery storage, and energy services company, making clean, renewable power more accessible and affordable for homeowners. |
| SolarEdge Technologies, Inc. (SEDG) | SolarEdge Technologies, Inc. provides intelligent inverter solutions that maximize power generation from solar photovoltaic systems while lowering the cost of energy produced. |
| Sociedad Química y Minera de Chile S.A. (SQM) | Sociedad Química y Minera de Chile S.A. is one of the world's largest producers of lithium, a critical mineral for rechargeable batteries powering electric vehicles and energy storage. |
| Tesla, Inc. (TSLA) | Tesla, Inc. accelerates the world's transition to sustainable energy through its manufacturing of electric vehicles, battery energy storage systems, and solar power generation products. |