Global Climate Solution Stocks
2023 List

Alternergy Holdings is a Filipino renewable energy developer with projects in wind, solar, and energy storage/.

Thai Nondestructive Testing engages in multiple industries, including coal power, but also solar generation. It generates a small portion of its revenue from solar, so we exclude it.

Cosmos Technology is a Malaysian company that makes flow meters for the oil and gas and water industry. It is unclear what % of their revenue comes from water saving technologies, so we exclude them.

Informina is a tech consulting firm in Malaysia. They do offer a telecommunications tool, but it is a small part of their business offering.

Genetic Technology makes automation systems that increase the efficiency of production for climate solutions like solar and electric cars. But it is unclear how much of their revenue they make from these products vs. their other industries.

ECA makes automation solutions that specifically enable the more efficient manufacturing of some climate solutions like renewables and electric cars, but they do not share how much revenue they generate from these industries vs. their other customers.

QL Resources is a Malaysian conglomerate that operates in many industries. While it does make some revenue from clean energy, it generates far more from its others including convenience stores and palm oil, a highly environmentally destructive industry.

Prime Road Power is a pure play solar developer based in Thailand with projects in and around East and Southern Asia.

Stars Microelectronics is an electronics manufacturer in Thailand. It also is involved in the solar industry, but this is a minority of its revenue.

Tek Seng is a Malaysian producer of polyvinyl products like laminate floors, it only has a small solar production business.

Rojana is a major owner of industrial parks in Thailand. It has a side business of selling solar energy, but it makes up a small portion of their revenue, so we exclude them.

Ygl Convergence is a Malaysian distributor of computer hardware and software. It also installs solar systems, but makes less than half its revenue from that, so we exclude them.

Raslag is a solar developer operating out of the Philippines.

SP New Energy is a pure play solar developer operating out of the Philippines.

PetroEnergy, despite its name, generated over 70% of its revenue from its wind, solar, and geothermal divisions in 2022.

Metis Energy is a large renewable energy developer operating out of Singapore with projects throughout Asia and Oceania.

Ego Vietnam is a Vietnamese producer of animal proteins, mainly goat and wild pig meat. They do make some revenue from installing solar farms, but this is a minority of their business.

Duc Long Gia Lai Group is a Vietnamese conglomerate focusing on multiple sectors. While they do build solar and wind farms, it is unclear how much of their revenue they generate from it, but it is likely far less than 50%.

Pekat Group is a Malaysian installer of solar systems and indoor lighting systems that use LEDs.

Nova Empire is a Thai company that used to make sheeting for buildings but has completely revamped into a solar and wind company.

Marula is a Kenyan mining company. While it mines for many critical minerals like lithium, it does not only mine for critical minerals, so we exclude them.

Amalgamated Regional is a conglomerate based in Zimbabwe. While they do own a battery manufacturing company, they are only used in traditional automobile batteries, which are used in internal combustion engines.

SICABLE is an Ivorian manufacturer of electrical cables that help enable the expansion of the grid in and around the Ivory Coast.

Masimba Holdings is an engineering company that works on a wide variety of projects in Zimbabwe. While they do work on mass transit and electricity transmission projects, this represents a small fraction of their revenue.

Metal Fabricators of Zambia generates most of its revenue from making copper wires for transmitting power, enabling the expansion of the electrical grid.

Electro Cable Egypt makes cables, most of which are used in the electrical system for expanding the grid, a precursor for electrifying everything.

CAFCA is a Zimbabwe-based company that makes a variety of cables with a majority of their revenue coming from cables used for electricity transmission.

Cutix is a Nigerian producer of wires that generates over half of its revenue from wires built for the electrical grid system.

TransCentury is a Kenyan engineering and construction firm that specializes in projects related to expanding the electrical grid, a key step towards the electrification of everything.

Assad is a Tunisian battery manufacturer. While they do generate some revenue from recycling batteries, they generate most from providing batteries to be used in conjunction with internal combustion engines in automobiles and boats.

Cocoa Processing Company is a Ghanaian processor of cocoa beans for chocolate. While cocoa is a perennial staple, the expansion of the industry often comes at the expense of natural forests, which is not beneficial from a climate perspective.

Multi-Trex integrated is a Nigerian processor of cocoa beans for chocolate. While cocoa is a perennial staple, the expansion of the industry often comes at the expense of natural forests, which is not beneficial from a climate perspective.

Societe Ivoirienne de Coco Rape is an Ivorian distributor of coconut products. While coconut is a perennial fruit, the expansion of the industry often comes at the expense of wild, natural forests, which move us backwards from a climate perspective.

Invicta is a South African provider of construction equipment. While some of their revenue does come from products and projects used to expand the grid, most comes from other segments like providing construction vehicles.

Eaagads is a Kenyan coffee producer in Kenya. While coffee is a perennial plant, we have decided not to include it as a climate solution because it often involves destroying natural forest in order to replace it with coffee plantations.

United Bus Service is a provider of public transportation on the island nation of Mauritius that enables those who are looking to get around to use a bus instead of a car.

Kakuzi is an avocado grower based in Kenya. While they do also grow macadamia nuts which we would include, avocados are more strongly linked to deforestation so we exclude them.

While Shumba Energy in Botswana does engage in renewable energy development, it generates a majority of its revenue from coal mining.

East African Cables, based in Kenya, makes a majority of its revenue from building and supplying cables that are used to expand the electrical grid in East Africa, a key step before mass electrification.

Societe Industrielle is a Tunisian provider of gas, electricity, and water meters. While they do make some revenue from LED light bulbs, it isn't a large part of their business.

Luz del Sur is a Peruvian electrical utility that does generate its own power. While it seems it is all from hydropower, we could not confirm this, so we exclude them for lack of information.

CTEEP is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

EDESAL is an Argentinian electricity distributor. Because it does not own any generation, we exclude them.

Sociedad Minera Cerro Verde is a pure play copper and molybdenum producer in Peru, both critical minerals for the energy transition.

Electro Sur Este is a Peruvian electricity distributor. Because it does not own any generation, we exclude them.

Enel Generacion Peru is a Peruvian electricity producer that owns and operates 5 hydroelectric plants, meaning 100% of their electricity is generated without fossil fuels.

COSERN is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Compañia General de Electricidad is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Schwager is a Chilean conglomerate. While it does make some of its revenue from grid expansion and building biogas plants, it generates more from its other activities.

COELBA is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Transmissora Alianca is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Industrias Electro Quimicas is a Peruvian mining company that specializes in extracting zinc and lead, both minerals key for the electrification of our economy.

Energia de Casablanca is a Chilean electrical utility. It owns its own generation, but it does not disclose where that generation comes from, so we exclude them.

Energeia Latina is a Chilean electricity producer. They are clearly moving towards a fossil-fuel free power system, but we could not find confirmation that all 5 of their power plants were fossil-fuel free.

Estadual de Distribuicao is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Empresa Electrica Pehuenche is a Chilean electrical utility that owns three hydroelectric plants and helps construct others.

Sociedad Electrica del Sur Oeste is a Peruvian electrical utility that does not disclose if they have fossil fuel fired power plants in their fleet. So we exclude them for lack of information.

Alupar is a Brazilian electrical utility that generates all of its power without fossil fuels, so we include them.

CGE Transmission is a Chilean electricity distributor. Because they do not generate any of their own power, we exclude them for lack of information.

EDESA is an Argentinian electrical utility. They do not disclose their mix of generation plants, so we exclude them for lack of information.

CGN Power Co is a Chinese pureplay nuclear power company that builds and operates 26 nuclear power plants in China that generate electricity without carbon emissions.

Sungrow is a pure play Chinese solar and renewable energy company that primarily makes solar inverters but also sells solar panels, energy storage systems, and floating solar systems.

Tianqi Lithium is a Chinese vertically integrated lithium company that mines, refines, and sells a variety of lithium products for use in EV and energy storage batteries.

Dajin Heavy Industry is a pure play manufacturer of wind turbines. It also builds wind farms that generate electricity with zero carbon.

Ganfeng Lithium is a Chinese vertically integrated lithium company that mines and refines lithium and also builds batteries. Lithium is a critical mineral for lithium-ion batteries which are a key part of the energy transition.

YOUNGY is a vertically integrated battery supplier, owning lithium mining operations, battery manufacturing equipment businesses, and also distributing batteries themselves that can power the transition to EVs and grid storage.

Shanghai Putailai is a Chinese manufacturer of lithium battery components that are critical for the EV and energy storage supply chains

JA Solar, headquartered in China, is a pure play solar system manufacturer making both silicon wafers and full panels.

Shenzhen Dynanonic is a Chinese manufacturer of critical materials for batteries that are used in the EV supply chain and energy storage applications.

CECP Solar, headquartered in China, generates all of their revenue from the manufacturing and distribution of solar panels.

Dongzhu Ecological is a Chinese company that specializes in restoring landscapes and restarting their return to nature, thus restarting the carbon cycle on ecologically damaged areas such as mines

Wuhan Energy Technology is a Chinese provider of laser equipment that is solely used for the solar industry to help drive down costs and increase precision in the solar manufacturing process.

Hoyuan Green energy is a Chinese manufacturer of solar silicon cells as well as selling manufacturing equipment to other solar manufacturers.

NARI is a Chinese provider of smart grid technologies that enable the electrical grid to handle and distribute electricity with greater efficiency.

Windey Energy generates a majority of its revenue from manufacturing wind turbines while also developing their own wind projects and energy storage projects.

China Three Gorges Renewables is a renewable energy project developer in China that has built and owns wind, solar, and hydropower projects across the country.

M-Grass is a Chinese seed producer that specializes in projects that restore and heal land such as coal mines. By restarting the growth of plants in such areas, they can begin recapturing the lost carbon from the destruction of the plants and animals that were originally there.

Zhefu is a Chinese company that serves two zero-carbon sources of electricity: hydropower and nuclear. For hydropower it builds components that are used in dams and for pumped energy storage. And for nuclear they build systems to manage safety, waste water, and other parts of the nuclear energy process.

Gotion High-tech is a Chinese company that engages in two climate solutions: batteries and grid expansion. They make battery materials as well as batteries themselves that are used in EVs and energy storage. And they make a range of products for the electrical grid from power lines to transformers.

Guangdong Jiayan specializes in making thin copper foils that are used in lithium ion batteries for the EV and energy storage supply chains.