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The NASDAQ Clean Edge U.S. Index
My colleagues at Clean Edge and I are proud to announce the NASDAQ Clean Edge U.S. Index, an index that tracks U.S.-based clean-energy stocks.
According to the official press release:
The NASDAQ Clean Edge U.S. Index includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels, and advanced batteries. The five major sub-sectors that the index will cover are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence, and Advanced Energy-Related Materials.
The introduction of such an index -- as well as the participation of such a powerhouse as NASDAQ -- is yet another milestone for the fast-growing clean-technology marketplace. As my colleagues Ron Pernick, Clint Wilder, and I reported in our Clean Energy Trends 2006 report, global markets for biofuels (manufacturing and wholesale pricing of ethanol and biodiesel) will grow from $15.7 billion in 2005 to $52.5 billion by 2015. Wind power (new installation capital costs) will expand from $11.8 billion in 2005 to $48.5 billion in 2015. Solar photovoltaics (including modules, system components, and installation) will grow from an $11.2 billion industry in 2005 to $51.1 billion by 2015. And the fuel cell and distributed hydrogen market will grow from $1.2 billion (primarily for research contracts and demonstration and test units) last year to $15.1 billion by 2015.
The new index (symbol: CLEN) tracks 47 companies listed on listed on NASDAQ, the New York Stock Exchange, and the American Stock Exchange.
Ours isn't the first clean-energy index. There's the WilderHill ECO index, the WilderHill New Energy Global Innovation Index, the Vortex-Cleantech Index, and others.
So, why another? A number of differences exist between our index and others based on our selection criteria and weighting methodology. (If you compare the various indexes you will see some of the differences.) Our goal is to track the industry and develop an index that we believe best reflects the opportunity for U.S.-listed clean-energy companies. And we believe that the combination of NASDAQ and Clean Edge make for a very promising partnership moving forward.
May 9, 2006 in Clean Tech, Money Matters | Permalink
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Comments
Can hydrogen really be called a green fuel when it is derived from natural gas and is just as much of a fossil fuel as coal or gasoline?
It can also be got from water, but doing that requires a lot more energy in than we get from burning the hydrogen. Which raises the question of where that energy comes from. As renewables cannot supply our domestic and industrial needs, they surely can't supply our vehicle fuel as well.
Can biofuels really be called clean? They require huge areas of wild land to go under the plough. One of the prime causes of Indonesian tropical rainforest destrcution is clearance for oil palms, seen as the bright future for biofuels.
Posted by: Merrick | May 14, 2006 4:52:51 PM
Great news Joel, Ron and Clint!! I love it!
Posted by: Chris Bartle | May 16, 2006 9:11:55 PM
What is the symbol for this index so i can track it on my brokerage site? thanks. (ive looked everywhere and cant find this one simple thing!)
Posted by: mike | May 19, 2006 9:35:31 AM
Is there a way to invest in this Clean Edge Index? Please advise to jameli@hotmail.com Thanks.
Posted by: Jim Melillo | May 24, 2006 3:21:12 PM
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