For me it is easy to get excited about the growth in renewable fuel and energy sources. As an investor, I enjoy learning about companies making profits in solar, geothermal and wind energy. Or producing biofuels from various renewable sources. However, a big factor in reducing our dependency on petroleum and coal energy is demand side conservation, and there are companies working to make an impact in this arena. Demand side technologies are aimed at reducing energy consumption in homes and commercial buildings. These technologies may include building components that reduce energy use or intelligent systems for managing power consumption.
Here is a listing of companies the NEX index includes as demand side companies and are U.S. based:
- Cree, Inc. CREE: Cree is the only independent LED (light emitting diodes) supplier for lighting manufacturers. They are also said to possess the best technology in the LED industry. LED lighting is a significant way to reduce electricity consumption.
- Echelon Corp. ELON: Echelon is a leading provider of network technology that is used to manage and reduce energy consumption.
- International Rectifier, IRF: is a leading power management company. Leading manufacturers of computers, energy efficient appliances, lighting, automobiles, satellites, aircraft, and defense systems rely on the company’s power management solutions to power their next generation products.
- Itron, Inc. ITRI: Itron provides solid-state meters, automated meter reading technology, enterprise-wide software platforms, and real-time analytic applications for energy and water providers.
- Comverge, Inc. COMV: Comverge provides energy solutions that enhance grid reliability and enable utilities to increase available electric capacity during periods of peak energy demand.
There you are, five companies trying to meet the need of reducing future energy consumption. Take a look and see if some of them meet your investing needs.
Article is not a recommendation to buy or sell any securities.
