S
New Age Hydrogen & Ammonia Index

Index Performance

+19.67%
New Age Hydrogen & Ammonia Index
+6.10%
SPY
+6.30%
ESGU

Overview

Description

The burgeoning market for hydrogen and ammonia-based fuels is driven by a global commitment to reduce carbon emissions and combat climate change. As economies strive to meet strict environmental regulations and achieve net-zero carbon targets, these fuels present viable alternatives to conventional fossil fuels, offering efficient and sustainable energy solutions. Hydrogen and ammonia both exhibit energy-rich properties and can coexist within existing infrastructure, making their adoption more seamless. Governments, particularly in Europe and Asia, are investing heavily in research and development, technological innovation, and infrastructure to create a conducive environment for this sector's growth. Furthermore, the impressive financial performance of companies developing these fuels, indicated by their strong market capitalization, low drawdown, and high Sharpe ratios, highlights the market's confidence in the scalability and profitability of hydrogen and ammonia as critical elements in the next generation of clean energy. - [[Green Hydrogen Production]]: Focuses on producing hydrogen through electrolysis using renewable energy sources like wind or solar power. - [[Ammonia-powered Shipping]]: Development of ammonia as a fuel for the maritime industry to reduce shipping emissions. - [[Hydrogen Fuel Cells for Transportation]]: The integration of hydrogen fuel cells into vehicles, including cars, buses, and trains, to create sustainable transportation solutions. - [[Ammonia-to-Hydrogen Conversion Technology]]: Innovations in converting ammonia back into hydrogen for use as a clean fuel. - [[Industrial Hydrogen Applications]]: Utilizing hydrogen in industrial processes, such as steel production and chemical manufacturing, to lower carbon footprints. This index was generated with help from Thematic Analyst.

  • Inception Date10/21/2024
  • WeightingEqual
  • # of holdings18
What's inside?

Holdings

All holdings as of October 18, 2024
CSV download
Air Products & Chemicals, Inc. (APD)6.11%$73.83B-1.61%32.81%5.89
Cummins, Inc. (CMI)5.77%$45.98B1.83%24.57%1.32
Siemens Energy AG (ENR)5.75%$31.28B17.20%12.95%0.57
Westinghouse Air Brake Technologies Corp. (WAB)5.65%$33.49B9.85%30.60%3.09
Constellation Energy Corp. (CEG)5.61%$84.48B4.37%31.03%3.26
WEC Energy Group, Inc. (WEC)5.59%$31.56B-3.17%25.97%5.06
Entergy Corp. (ETR)5.55%$28.93B3.78%29.82%4.20
Ameren Corp. (AEE)5.54%$23.70B-3.81%29.06%5.13
Sempra (SRE)5.52%$54.43B-11.63%23.76%6.65
The Southern Co. (SO)5.51%$102.06B12.44%35.53%5.87
Duke Energy Corp. (DUK)5.50%$93.25B9.03%29.80%5.44
ONEOK, Inc. (OKE)5.48%$56.79B34.56%25.56%3.66
Consolidated Edison, Inc. (ED)5.47%$36.95B9.38%64.25%3.79
Linde Plc (LIN)5.46%$232.28B0.77%36.99%7.02
GE Aerospace (GE)5.44%$208.85B-45.53%38.64%2.91
Exelon Corp. (EXC)5.39%$40.97B11.27%23.56%3.49
PPL Corp. (PPL)5.37%$24.10B3.18%26.16%4.39
Xcel Energy, Inc. (XEL)5.29%$35.72B0.46%20.28%4.24
Market data by FactSet