BlackRock launches new Energy Storage & Materials ETF based on EconSight patent insights
Blackrock launches Energy Storage & Materials ETF based on EconSight’s advanced technology and patent expertise
The new BlackRock iShares Energy Storage & Materials ETF (IBAT) tracks the STOXX Global Energy Storage and Materials Index comprised of companies involved in providing energy storage solutions, including batteries, hydrogen, and fuel cells. Energy storage is expected to play a crucial role in the transition to a low-carbon economy and the revolution to achieve carbon-neutrality. With the need to move away from centralized fossil fuel generation and towards cleaner energy sources, there is an increased demand for a stable renewable energy supply and cheap and abundant energy storage solutions. The electrification of transportation and other key areas adds further need for technological advancements in this space. The ETF looks to select key players in this area, companies involved in the prevalent but rapidly evolving energy storage systems such as stationary and heavy duty batteries, and those working on the viability of emerging technologies, such as the use of hydrogen fuel and fuel cells as alternative energy storage and solutions.
EconSight has worked closely with Qontigo and Blackrock on the development of the index to identify the most relevant companies in the Energy Storage & Materials theme. The index relies on EconSight technologies, High Quality Patents, and Specialization Score methodology to select the top companies. All technologies were developed by EconSight.
The index comprises 65 global companies (as of 31. December 2024).
