Summary
Energy storage is expected to play a crucial role in the transition to a low-carbon economy and the revolution to achieve carbon-neutrality. With the need to move away from centralized fossil fuel generation and towards cleaner energy sources, there is an increased demand for a stable renewable energy supply and cheap and abundant energy storage solutions. The electrification of transportation and other key areas adds further need for technological advancements in this space. The STOXX Global Energy Storage and Hydrogen Index looks to select key players in this area, companies involved in the prevalent but rapidly evolving energy storage systems such as stationary and heavy duty batteries, and those working on the viability of emerging technologies, such as the use of hydrogen fuel and fuel cells as alternative energy storage and solutions. STOXX uses FactSet's Revere (RBICS) granular data for a detailed breakdown of the revenue sources of the eligible companies, to select those most exposed to the theme. Additionally, EconSight's patent data is used to identify innovators in a set of technologies linked to the theme. Companies that are non compliant with the Global Standards Screening (GSS) or are involved in Controversial Weapons activities or display a Severe (Category 5) Controversy Rating, as identified by Sustainalytics, are excluded. Additional exclusion filters are incorporated.
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Details
Top 10 Components
CONTEMPORARY AMPEREX TEC (CCS) | CN |
Asahi Kasei Corp. | JP |
Air Products & Chemicals Inc. | US |
LINDE | US |
AIR LIQUIDE | FR |
Samsung SDI Co Ltd | KR |
Murata Manufacturing Co. Ltd. | JP |
Resonac Holdings | JP |
NGK Insulators Ltd. | JP |
ENPHASE ENERGY | US |