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Green energy tech ETFs - Worth investing? (piefed.ca)

submitted 1 month ago by ZombieCyborgFromOuterSpace@piefed.ca to c/Wallstreetbets@sopuli.xyz

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I've been thinking of buying shares in an ETF like CTEC (https://www.globalxetfs.com/funds/ctec) with everything that's going on. I'm willing to bet that within the next decade, there will be an acceleration of transitions towards green energy technologies.

What's your opinion on this?

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[–] Vinny_93@lemmy.world 2 points 1 month ago

I still firmly believe alternatives for lithium batteries will be the best step in sustainable energy. Currently there's a huge surplus of green energy like wind and solar that has nowhere to go. Lithium has its downsides (cobalt and lithium mines, graphene) so something new and more dense is needed. I read sometimes, a bit buried away, about solid state batteries and stuff like sulfur natrium combinations. I bought BASF (the building blocks), CATL (the research) and the L&C battery tech ETF. Only CATL has really been profitable so far. Especially when the straight of Hormuz closed it jumped up.