Over the past century, a complex system of poles, wires, substations, and transformers was developed to enable large power plants to deliver electricity to households and businesses. For power grids to meet changing energy demands over the next few decades, including a larger share of renewable energy production and rising demand for electricity, we believe massive capital investments will be required. While renewable energy developers have faced significant challenges this year, we believe companies involved in expanding and modernizing the power grid offer a compelling long-term opportunity for investors. We discuss recent trends that may impact this theme, as well as the First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID).

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