I’m a commodity economist. I’ve walked the natural gas patches of West Texas, traveled to the Nigerian Delta for oil analysis, and worked on farm projects in South America.
I’m incredibly bullish on food, oil and natural gas over the next 20 years.
But another form of energy has captured my imagination… both as a consultant and an investor. And I want you to dispel any bias about its role and viability in the future.
Traveling Back in Time
I had previously worked in the solar panel supply chain in 2008 and 2009. At the time, solar wasn’t a very viable model. “The sun doesn’t always shine” was the argument written by oil-and-gas lobbying groups aiming to maintain dominance in the energy supply balance.
Fast forward 15 years, and solar is expanding at a breakneck pace. It’s especially true at the utility level, where storage and capacity have dramatically improved. Utilities continue to increase solar installations, a sign of viability and confidence in the decades ahead.
The Solar Energy Industries Association reports that 54% of all newly installed electricity generating capacity in the first quarter of 2023… was solar.
The industry installed a whopping 6.1 gigawatts-direct current (GWdc) of capacity in the first three months of the year. That number represents a 47% increase from Q1 2022. Utility-scale installations increased 66% during that time.
In 2023, the Energy Information Administration projects that the U.S. will add 29.1 GW of new utility-scale PV and 9.4 GW of storage this year. As costs continue to decline and the Inflation Reduction Act incentivizes more utility-scale, capacity will continue to expand in both red and blue states.
In fact, the EIA says that 41% of all new capacity will happen in Texas (7.7 GW) and California (4.2 GW), combined.
Meanwhile, battery storage capacity will likely double this year alone. Developers plan to increase storage capacity by 9.4 GW this year. That figure is more than the 8.8 GW of existing battery storage capacity.
It’s obvious... This is where the money is.
How to Play the Boom in Solar and Storage
This isn’t a complex story. The government is driving companies to create more solar capacity and storage. It doesn’t matter what your politics are. I live in Florida, where the solar industry is booming. No matter who is president in 2024 or 2028, the money is pouring into these sectors.
You’d be foolish not to grab it with both hands.
And I’ve made it easy for you...
I just added a new company to Tactical Wealth Investor’s value portfolio. We’re talking about the largest alternative energy operator that is set to expand its capacity by more than 400% in the coming years. And… it’s provided an annualized return over a decade of 16%.
That’s right. This will be one of the biggest winners in the long-run as more electrical generation comes online from solar and storage. All you need to do is join us at Tactical Wealth Investor… and take advantage of this massive trend. Do it today.
To your wealth,
Garrett Baldwin
*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
Market Momentum is Green
Tactical Wealth Investor is your shield from any nonsense that happens in the market this week. We’re taking an 18- to 24-month approach to these value and income names, and compounding what will hopefully be big gains with dividend reinvestment. This week, momentum is green as we face the Consumer Price Index, Fed meeting, ECB rate hike and Quad Witching. It will be a busy week. You can instead avoid the noise and buy great companies with strong capital discipline in Tactical Wealth Investor.
Disclaimer: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from backtested, historical data in order to demonstrate the potential of the system.
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