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Economics & Markets

Finding the winners from new technology

By AMP Capital

A revolution happening in the energy industry and there will be winners (and losers). That’s the word according to AMP Capital Head of Investment Strategy and Chief Economist Shane Oliver.

“The massive reduction in the cost of generating sustainable energy, together with energy that can be stored in batteries as battery technology evolves… is revolutionising things,” says Oliver.

The rise and rise of sustainable energy sources such as solar and wind power, plus the dramatic improvements in how to store that energy in battery form, represents a massive shift from just a decade ago, when all the talk was around peak oil.

The big winners of the move toward “electrific-sation” will include the companies that generate sustainable sources of electric power, as well as electric car manufacturers, and of course companies involved in the storage of energy. 

This is good news for Australia as the country is a large global supplier of lithium, a major component in these batteries.

“There will be losers here too; those reliant on the old technology,” says Oliver. “But there is going to be big winners as well, and investors need to get their minds around that.”

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  • Economics & Markets
  • Market Watch
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Important notes

While every care has been taken in the preparation of this article, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455)  (AMP Capital) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of AMP Capital.

 

This article is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.

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