{"id":14490,"date":"2025-01-07T13:02:54","date_gmt":"2025-01-07T12:02:54","guid":{"rendered":"https:\/\/dev.greenbenefit.com\/management-commentary-for-private-clients-january-7-2025\/"},"modified":"2025-12-02T12:43:44","modified_gmt":"2025-12-02T11:43:44","slug":"management-commentary-for-retail-clients-january-7-2025","status":"publish","type":"post","link":"https:\/\/greenbenefit.com\/en\/management-commentary-for-retail-clients-january-7-2025\/","title":{"rendered":"Management Commentary for Retail Clients &#8211; January 7, 2025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">General Development<\/h2>\n\n<p>The fund price gained 3.88% in December 2024. This gives us confidence for the new year, as we firmly believe that our portfolio&#8217;s current valuation does not reflect its true worth, but rather offers promising recovery potential in the coming year. For full performance details, please refer to our <a href=\"https:\/\/documents.anevis-solutions.com\/greenben\/green_benefit_Global_Impact_Fund_P.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Factsheet<\/a>.  <\/p>\n\n<p><strong>December&#8217;s performance shows a balanced picture<\/strong><br\/>In December, 16 holdings in our portfolio recorded gains, while 12 registered losses.<\/p>\n\n<h2 class=\"wp-block-heading\">Company Examples<\/h2>\n\n<p><strong>ITM Power Exceeds Own Expectations and Secures Major Contract<\/strong><br\/>ITM Power has signed a contract for the supply of three electrolyzer container units with a total capacity of 15 MW to a German family-owned company. ITM Power&#8217;s product is particularly well-suited for medium-sized projects. The electrolyzers are intended to supply green hydrogen to filling stations in Germany. Customer interest continues to exceed ITM Power&#8217;s own expectations.   <\/p>\n\n<p><strong>Ballard Power Secures Key Orders from Bus and Rail Industries<\/strong><br\/>Ballard Power Systems Inc. has received orders from two bus manufacturers for the supply of over 90 fuel cell engines for the European urban bus market. Additionally, a multi-year supply agreement was signed with Stadler U.S. for the delivery of fuel cell engines for multiple unit trains for the California Department of Transportation (Caltrans). The contract with Stadler builds on over three years of collaboration and supports Caltrans&#8217; purchase of 10 trains with an option for an additional 19 trains. Another follow-up order for fuel cell engines came from Canadian Pacific Kansas City (CP), one of North America&#8217;s largest railway companies. Ballard Power will supply 98 fuel cell engines to CP in the coming year. For the Canadian fuel cell manufacturer, this not only means a boost in sales but also a strengthening of its position in the important market for emission-free rail freight transport.      <\/p>\n\n<p><strong>Nano One Study Highlights Major Cost Benefits of its Technology<\/strong><br\/>Nano One<strong> <\/strong>with its patented process for the cost-effective, low-greenhouse gas production of cathode active materials (CAM) for lithium-ion batteries, reported on progress regarding its strategic alliance with Worley Chemetics. A cost comparison confirmed the economic advantages of Nano One&#8217;s patented One-Pot process for Lithium Iron Phosphate (LFP). The comparative analysis showed that the One-Pot process could reduce invested capital costs by at least 30% and operating costs by up to 30%, while consuming up to 80% less energy than the conventional method.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund price gained 3.88% in December 2024. This gives us confidence for the new year, as we firmly believe that our portfolio&#8217;s current valuation does not reflect its true worth, but rather offers promising recovery potential in the coming year.<\/p>\n","protected":false},"author":3,"featured_media":15471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[90],"class_list":["post-14490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management-commentary-retail","tag-2025-q1-en"],"_links":{"self":[{"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/posts\/14490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/comments?post=14490"}],"version-history":[{"count":1,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/posts\/14490\/revisions"}],"predecessor-version":[{"id":17110,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/posts\/14490\/revisions\/17110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/media\/15471"}],"wp:attachment":[{"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/media?parent=14490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/categories?post=14490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greenbenefit.com\/en\/wp-json\/wp\/v2\/tags?post=14490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}