AI Power Infrastructure Index

Overview 

The AI Power Infrastructure Index is a rules-based equity index designed to provide targeted exposure to companies generating meaningful revenue from AI power infrastructure, including electrical systems, cooling technologies, grid infrastructure, and power supply solutions.

The index addresses a growing gap in existing AI and technology strategies, which often emphasize semiconductors and software while underrepresenting the physical infrastructure required to support accelerating AI compute demand.

Objective

The index seeks to track the performance of publicly listed companies whose business models are directly tied to the development, manufacturing, and deployment of infrastructure supporting AI-related power demand, including electrical equipment, thermal management systems, grid modernization, and energy supply solutions.

The Problem with Existing Strategies 

As electricity availability, cooling capacity, and grid expansion emerge as critical bottlenecks in the AI buildout, many existing “AI” and “technology” strategies continue to focus primarily on:

• Semiconductor manufacturers
• Software and cloud providers
• Broad technology conglomerates

While relevant, these exposures often dilute targeted exposure to the physical power infrastructure enabling next-generation AI data centers and compute systems.

The Solution 

The AI Power Infrastructure Index applies a transparent, rules-based methodology to identify companies with direct and measurable exposure to AI power infrastructure themes.

Key features include:

• Revenue-based eligibility thresholds
• Explicit segment-level qualification requirements
• Exposure across power, cooling, electrical, and grid infrastructure

Strict exclusion of companies without clearly disclosed infrastructure exposure

Index Construction Highlights

Eligibility: Companies must meet defined revenue thresholds tied to AI power infrastructure activities

Classification: Companies are categorized based on level of exposure (Next-Gen, Core Infrastructure, Power Supply, Supporting)

Weighting: Multi-factor scoring based on revenue exposure, market capitalization, and liquidity

Rebalancing: Quarterly

Reconstitution: Semi-annual

Differentiation

The index is designed to deliver:

• Targeted exposure to the infrastructure powering AI compute growth
• Exposure across electrical systems, cooling, grid modernization, and energy supply
• Reduced reliance on broad semiconductor-heavy AI strategies
• Transparent and repeatable rules-based construction

Use Case

The index is designed to serve as the underlying benchmark for:

• Exchange-traded funds (ETFs)
• Institutional investment products
• Thematic mandates focused on AI infrastructure and power demand growth

Availability