BlackRock Expands Energy Transition Offerings with Energy Storage and Hydrogen ETF Launch
Key Ideas
  • BlackRock introduces the iShares Energy Storage and Hydrogen ETF (STOR) on Euronext Amsterdam, focusing on energy storage and hydrogen industry exposure.
  • STOR tracks the STOXX Global Energy Storage and Hydrogen index, showcasing companies in energy storage systems and hydrogen fuel technologies.
  • Key holdings of the ETF include Contemporary Amperex Technology, Air Products & Chemicals, and Asahi Kasei Corp.
  • Constituents are chosen based on FactSet’s revenue data and EconSight's patent information to highlight innovative companies in the field.
BlackRock has bolstered its energy transition ETF lineup by launching the iShares Energy Storage and Hydrogen UCITS ETF (STOR) on Euronext Amsterdam. This ETF, with a TER of 0.50%, is designed to provide investors with exposure to the energy storage sector, including stationary and heavy-duty batteries, as well as hydrogen fuel and fuel cells. STOR follows the STOXX Global Energy Storage and Hydrogen index, ensuring investors access companies at the forefront of energy storage innovation. The top holdings of STOR feature key players in the industry, such as Contemporary Amperex Technology, Air Products & Chemicals, and Asahi Kasei Corp. These selections are made using FactSet's detailed revenue breakdown and EconSight's patent data to identify companies driving innovation in energy storage and hydrogen technologies. In addition to the new energy storage and hydrogen ETF, BlackRock is planning to launch a bitcoin ETP in Europe, signaling the financial giant's continued expansion into innovative investment products.
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