NgKhanhVuKhoa/iStock via Getty ImagesStem (NYSE:STEM) has quickly become one of the largest positions in my climate economy portfolio, a bullish positioning that reflects what is set to be significant growth of renewables and short-duration energy storage systems over the next decade. Indeed, the International Energy Agency just published a report that highlights just how positive the momentum of Stem’s total addressable market will be, with global renewable power capacity set to grow by 2,400 GW over the next five years. This figure was revised 30% higher than IEA forecasts from a year ago. By 2027, renewables will account for over 90% of global electricity capacity expansion and will overtake coal by early 2025. High growth supported by a large TAM and boosted by strong fundamental tailwinds from the IRA to the energy crisis form the theoretical base for the long-term investment…
Stem: Wealth Creation Possible If Energy Storage Mirrors Enphase (NYSE:STEM)
