Summary
EPP Chart
Broker hails EnergyPathways' alliance with Siemens
SP Angel's take on EnergyPathways PLC (AIM:EPP) is that the company has landed an important early-stage partner. The £12 million developer has signed a non-binding cooperation agreement with Siemens Energy covering long-duration energy storage, specifically compressed air systems that can soak up excess wind power and release it when needed.
EnergyPathways rises after striking Siemens Energy storage deal
EnergyPathways PLC (AIM:EPP) shares jumped as much as 10% on Wednesday after the company unveiled a partnership with Siemens Energy to develop long-duration energy storage aimed at helping the grid cope with the swings of renewable generation. The AIM-quoted group has signed a non-binding cooperation agreement with the German engineering giant to advance Compressed Air Energy Storage, a technology that uses surplus power to force air into underground caverns, releasing it later to drive turbines when demand is higher.
EnergyPathways strikes Siemens Energy deal on long-duration storage
EnergyPathways PLC (AIM:EPP) has teamed up with Siemens Energy to explore a new generation of long-duration energy storage that could help smooth out the peaks and troughs of renewable power. The company, which is listed on London's junior AIM market, said it had signed a non-binding cooperation agreement with the German engineering group to work on Compressed Air Energy Storage, a system that stores surplus electricity by using it to compress air underground.
iShares MSCI Pacific ex Japan ETF (EPP) FAQ
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iShares MSCI Pacific ex Japan ETF Profile
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Overview
The described fund is an investment vehicle that primarily focuses on allocating its assets within the equities of companies located in four specific countries or regions: Australia, Hong Kong, New Zealand, and Singapore. By adhering to a strategy that involves investing at least 80% of its assets in the securities making up its underlying index or in investments closely paralleling the economic characteristics of such securities, the fund aims to mimic the performance of its benchmark index. This index comprises large- and mid-capitalization companies, which represent a significant portion of the stock market's value within these countries or regions. It's important to note that the composition of the underlying index may evolve over time to accommodate market changes. Despite its broad geographical coverage, the fund qualifies as non-diversified, concentrating its investments more heavily in fewer securities than a diversified fund might.
Products and Services
- Component Securities Investment
The core product offering involves the direct investment in the component securities that form the basis of the fund's underlying index. This approach ensures that the fund's performance closely tracks that of the index, reflecting the economic landscape of Australia, Hong Kong, New Zealand, and Singapore.
- Substantially Identical Investments
Aside from traditional direct investment in component securities, the fund also allocates assets to investments that have economic characteristics nearly identical to those of the index's securities. This strategy allows the fund to maintain its targeted exposure and performance objectives even when direct investment in a component security might not be possible or optimal.
- Focus on Large- and Mid-Cap Companies
The investment philosophy prioritizes large- and mid-cap companies within the underlying index. This focus reflects a belief in the stability and growth potential of well-established businesses, which typically have a significant market presence in their respective countries or regions.
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