Fundsmith Adds Nextpower Inc. to Equity Fund
Fundsmith added energy technology firm Nextpower Inc. to its Equity Fund following Nextpower's acquisition of Prevalon Energy to target data center clean energy demand.
Fundsmith, a London-based investment management firm, added energy technology company Nextpower Inc. to its Fundsmith Equity Fund. The move was disclosed in the firm's second-quarter 2026 investor letter, which highlighted Nextpower's solar tracking systems and software that increase solar energy yield by 20% to 30% compared to fixed panels.
Nextpower is positioning itself to meet the growing demand for clean energy generation adjacent to data centers. To support this strategy, Nextpower acquired battery manufacturer Prevalon Energy for $365 million in May 2026.
In the same communication, Fundsmith reported that its Fund returned -2.9% in the first half of 2026. This performance trailed the MSCI World Index by 14.1 percentage points, a result the firm attributed to market volatility and exuberance surrounding artificial intelligence.
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