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NASDAQ OMX Clean Edge Smart Grid Infrastructure Index launched

The NASDAQ OMX Group and Clean Edge have introduced the NASDAQ OMX Clean Edge Smart Grid Infrastructure IndexSM (NASDAQ:QGRD), a new benchmark for the smart grid and electric infrastructure sector.

The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index is a modified market-capitalisation index and includes companies that 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.

“This index brings sharper focus to an industry that is transforming our nation’s energy grid, an extremely significant endeavour that will help shape our nation’s future,” says NASDAQ OMX Executive Vice President John Jacobs. “Investors, thanks to this index, can now easily track companies that are working diligently to help fully implement an energy grid that is more efficient, cleaner and resilient.”

“Our current electric grid is dated and deteriorating,” says Ron Pernick, Clean Edge Co-founder and Managing Director. “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.”

The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in US Dollars. The Index commenced calculation on 22 September with a value of US$250.00.

The NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index is currently comprised of companies that are screened by Clean Edge.

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This article is featured in:
Energy efficiency  •  Energy infrastructure  •  Energy storage including Fuel cells  •  Policy, investment and markets

 

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