Inflation Reduction Act is already boosting energy transition companies

  • Ongoing impact of Inflation Reduction Act will enhance performance across biofuel fuel cell technology geothermal and renewables.
  • HANetf S&P Global Clean Energy Select HANzero™ UCITS ETF (ZERO) is the only clean energy ETF that provides net-zero investing using HANzero™ to offset the carbon produced by its portfolio. [1]
  • ZERO provides pure play clean/renewable energy exposure with a competitive total expense ratio.

October 2022 London

The impact of the US Inflation Reduction Act will drive “many more” investments across the energy transition sector with particular impact on renewables managers at HANetf S&P Global Clean Energy Select HANzero™ UCITS ETF (ZERO) believe.

In the latest ZERO Monthly Report First Solar is singled out. The NASDAQ-listed company has announced a $1.2 billion investment to expand its US solar panel manufacturing operations. This marks a significant and telling reversal from its previous claim that a lack of federal Government support made it unlikely it would build its next factory in the US.

It highlights the ongoing politicisation of energy and its continuing escalation following the recent attacks on Nordstream 1 and 2 and the impact on gas supplies which emphasises the need to improve energy infrastructure.

ZERO is the first clean energy ETF in Europe to include a carbon offset and deliver net-zero investing.[2] HANzero™ provides investors in ZERO the assurance that any carbon emissions relating to their investment will be offset through various projects such as rainforest conservation and the establishment of clean energy sources.

ZERO was created in partnership with HANetf Europe’s first independent white-label ETF and ETC platform and leading provider of thematic ETFs and crypto and commodity ETCs.[3] The ETF provides exposure to clean energy including biofuel fuel cell technology geothermal energy hydroelectricity solar and wind.

Nicholas Mersch Portfolio Manager of HANetf S&P Global Clean Energy Select HANzero™ UCITS ETF commented:

“Renewable energy will play a critical role in the advancement of our energy infrastructure. Following their announcement First Solar shares rose more than 2% at $124.22 on the Nasdaq and shareholders estimated that the company’s earnings could be double prior estimates by 2026.[4] First Solar is among the first major corporate investments announced following the IRA however we expect there to be many more expanding across the various industries that ZERO invests in.”

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