The NASDAQ OMX, an exchange company and Clean Edge, a research and publishing firm devoted to the clean-tech sector, have introduced the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, a new benchmark for the smart grid and electric infrastructure sector.
Reportedly, The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index is a modified market-capitalization index that include companies which are primarily involved in electric grid; electric meters, devices and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector.
According to the NASDAQ OMX, the new index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in US Dollars. The company has added that new index is currently comprised of companies that are screened by Clean Edge.
John Jacobs, executive vice president, NASDAQ OMX, said: “This index brings sharper focus to an industry that is transforming our nation’s energy grid, an extremely significant endeavor that will help shape our nation’s future. Investors can now easily track companies that are working diligently to help fully implement an energy grid that is more efficient, cleaner and resilient.”
Ron Pernick, co-founder and managing director of Clean Edge, said: “Our current electric grid is dated and deteriorating. To keep up with energy demand and meet modern energy needs, the next evolution in our electric grid will include the embedding of smart meters, controls, and networks to make the grid more intelligent and the introduction of a two-way flow of electrons and energy storage to enable better integration of renewable power and energy efficiency. This build-out is already under way and offers an unprecedented opportunity to reshape the way energy is generated, stored, transmitted, and delivered.”
