NASDAQ OMX Introduces the Smart Grid Infrastructure Index
The NASDAQ OMX Group, Inc. and Clean Edge, Inc. have introduced the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, a new benchmark for the smart grid and electric infrastructure sector. This index is a modified market-capitalization 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.
“Our current electric grid is dated and deteriorating,” said 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 the latest in the line of eco-themed indexes created by NASDAQ OMX and its partners. NASDAQ OMX is creating indexes designed to help the investment community track the next generation of companies involved in alternative energy, efficient transportation, and energy management.
The Infrastructure Index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in U.S. dollars. The Index commenced calculation today with a value of 250.00.
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