AI Data Centers Drive Growth in Clean Energy ETFs, Energy Investment Reaches Record Levels

The ALPS Clean Energy ETF (ACES) rose 9.26% in January as investors focused on the power requirements of AI data centers and the infrastructure needed to support them. Energy storage companies like Fluence Energy and Eos Energy Enterprises drove the fund's performance, while solar equipment makers such as Nextracker and Array Technologies also participated in the gains. Global energy transition investment is projected to reach $2.9 trillion per year over the next five years, with spending led by electrified transport, renewable energy, and power grids.