Guinness Sustainable Energy Fund on Hubbell
Thesis
The fund owns Hubbell for its specialization in high-voltage grid equipment, particularly in the United States. The managers argue that power grids must be modernized to support electrification and rapidly rising electricity demand, with utilities planning substantial transmission and distribution spending. Hubbell therefore offers direct exposure to the infrastructure required to connect new generation and serve new loads.
“Hubbell holds a particular specialism in high-voltage grid equipment”
Key risks
- Grid projects can face permitting and interconnection delays
- Infrastructure spending could be deferred