Battery storage has now become cheaper than many natural gas turbines used by data centers, which puts long duration power storage in the spotlight. When a core piece of energy infrastructure gets cheaper, capital often follows. That shift creates a potential opening for investors looking at companies tied to advanced battery technology. This article highlights three stocks from our battery technology screener that tap directly into that trend.
The stocks covered below are just a small sample, and the full battery technology screen surfaced 58 more companies with equally compelling narratives across the supply chain that this article does not cover.
To identify and analyze the highest-conviction opportunities in this theme, head straight into the Battery Technology screener.
Overview: Vistra is a large US-based integrated power producer and retailer that combines electricity generation, retail supply and grid-scale battery storage.
Operations: Vistra generates about US$19.2b in revenue primarily in the United States, led by US$14.9b from Retail and US$7.8b from Texas.
Market Cap: US$52.4b
Vistra matters for this battery technology theme because its grid-scale storage projects plug directly into a huge existing generation fleet, turning intermittent renewables into dependable power for customers that cannot afford downtime.
“Progress on large-scale, multi-decade contracts with hyperscalers and data centers is moving forward as Vistra signs long-dated PPAs with counterparties such as Meta, Amazon and TCDC. The company is also developing colocation and bridge power offerings, which can create a growing base of contracted cash flows and support earnings visibility.
What happens to margins if a single unseen pressure on financing costs or project timing shifts against Vistra’s storage buildout plans?
If that pressure point matters to you, read the full narrative for Vistra to see how those contracts, capital needs, and data center demand could be pulling in different directions.
Overview: Londian Wason New Energy Tech manufactures lithium battery copper foil used in EVs and energy storage, plus PCB and flexible substrate materials.
Operations: Londian Wason New Energy Tech reports CN¥10.9b in Electronic Components & Parts revenue, with CN¥9.4b from the PRC and CN¥1.6b from overseas markets.
Market Cap: US$1.5b
Londian Wason New Energy Tech provides direct exposure to lithium battery copper foil for EV and grid storage cells, with a new IPO, recent profitability and an apparent discount valuation. The outlook depends in part on how a key pressure on its funding costs develops.