Tesla has promised the unveiling of a new battery breakthrough in the coming days…
Many investors are calling this day “Battery Day“.
The announcement is certain to shock the energy markets. Tesla CEO Elon Musk has promised a battery that will last one million miles.
But Tesla isn’t the only company making huge strides in battery tech.
Scientists from Washington State University have built a new sodium-ion battery that is able to keep its charge after more than 1,000 cycles – putting it on par with lithium batteries, but for a fraction of the cost. Since sodium can easily be extracted from seawater, it makes it an effectively infinite resource.
All signs are pointing the energy markets closer and closer to the point of convergence – the point where the cost of renewable energy falls below the cost of oil.
In other words, the point where oil no longer makes any financial sense.
And we’re already trending in that direction.
In fact, last year, U.S. net imports of petroleum from foreign countries reached all-time low rates (2.7% of daily consumption).
Which is why if you’re a forward-looking investor, interested in once-in-a-lifetime gains, the renewables market is the best energy bet of 2020.
And here are the three U.S. companies leading the charge for this energy revolution.
