Global Climate Solution Stocks
2023 List

PetroVietnam Power Engineering is an engineering firm that builds power plants. It is unclear how much of their revenue they get from fossil fuel electricity plants vs non fossil fuel, so we exclude them for lack of information.

SPCG is a pure play solar developer in Thailand that owns over 36 projects.

Demco is a Thai engineering and construction firm that builds and maintains electrical grids and builds solar farms.

Ninh Binh Thermal Power is in the business of constructing power plants. While some are renewable, they focus more on fossil-fuel powered electricity as well as a variety of non-energy related business lines.

Thien Truong Power Equipment is a construction firm that builds power plants and electrical distribution. They do not disclose how much revenue they make from constructing fossil-fuel fired plants, so we exclude them.

Eastern Power Group is a Thai energy developer. They have multiple solar plants, but also have built fossil-fuel powered cogeneration plants. They do not provide any revenue breakdown for investors on either, so we exclude them.

Citicore Power is a Filipino solar developer with six projects around the country that enable the island nation to generate more of its electricity without needing fossil fuels.

Ray Go Solar is a pure play solar developer in Malaysia. They site, plan, and build projects in the country so the grid can operate with fewer fossil fuels.

Trive Property Group is a Malaysian company that engages in a range of climate solutions. They build solar farms and trade solar panels. They install energy storage systems and EV batteries.

Vsolar Group is a Malaysian company that has two business arms. Importing and trading computer software and hardware and renewable energy development. As they made more revenue from their computer trading business, we exclude them.

Solarvest is a pure play solar developer operating out of Malaysia that cites, constructs, and operates solar projects in the country.

Sunview Group is a Malaysian solar developer involved in all stages of solar projects from beginning to operation.

Kencana Energi Lestari is an Indonesia renewable energy developer that makes a majority of its revenue from its hydropower and solar projects, although we will note it does own a biomass project which we do not consider a climate solution.

Power Solution Technologies is a Thai provider of energy services. They do develop renewable energy projects, but they also own oil pipelines and LNG refueling stations. They do not provide a breakdown of revenue from these different segments so we exclude them.

ILB Group is a Malaysian solar power developer with two projects in the country.

TSE is a Thai solar and biomass developer with utility scale and rooftop projects in Thailand and Japan. They make a majority of their revenue from these projects and a minority from their three biomass power plants, which we do not consider a climate solution.

SAAM is a Thai based solar developer that builds and operates solar projects in Thailand and beyond.

Sky Energy is an Indonesian manufacturer of solar panels and other solar equipment such as mounting hardware.

Cypark is a Malaysian renewable energy developer with a range of solar projects, from utility scale, to agriculture-integrated, to floating through the country. They also operate a waste to energy plant and biogas plants.

Samaiden Group is a Malaysian solar developer building and operating projects throughout the country.

LafargeHolcim is a Moroccan cement producer that notably does offer lower-carbon green cement alternatives. But these products still only represent a tiny fraction of their revenue in comparison to their traditional cement products.

Cartier Saada is a Moroccan company that makes a majority of its revenue from preserving fruits that come from perennial sources like olives and tree fruits.

Miniere de Touissit is a Moroccan mining company that mines for a number of critical minerals for the energy transition like lead and zinc, but they also mine for non-critical minerals like lead and gold, so we exclude them.

Ciments du Maroc is a Moroccan cement producer. While they do have some innovative approaches to sustainability like running their CO2 emissions through an algae reactor, they do not actually make any alternative or low-carbon cement mixes.

Jet Contractors is a Moroccan construction firm. While they do operate a business line dedicated to building solar farms, they generate the majority of their revenue from constructing buildings and highways, neither of which are climate solutions.

Managem is a Moroccan mining company. While they do mine for multiple critical minerals for the energy transition like cobalt, zinc, and copper, they also extract other non-critical minerals like gold, meaning they do not pass our mining filters.

TAQA is a Moroccan electrical utility. While they do use some solar and wind in their generation mix, they use about 10x more coal, leading them to fail our utility filters.

Zellidja is a Moroccan lead smelter that has been operating since the 1940's that also generates revenue from provider copper, another critical mineral for the energy transition, to markets in Europe.

Huge Group operates out of South Africa. They are involved in many industries with a minority of their revenue coming from their renewables and batteries business.

Al Khair River operates in land restoration, a climate solution, but they provide no online information to verify this, so we exclude them.

Ellies is a solar company in Southern Africa, that helps homes and businesses get stable electricity production through solar and battery systems.

Despite its name, Renergen seems to only be investing in natural gas extraction and distribution.

Euro-Cycles is a Tunisian manufacturer of bicycles. While it is assembling more electric bicycles, these still seem to be a small portion of their sales, so we exclude them.

Eveready East Africa is a Kenyan provider of car and individual batteries. It is expanding into LED lights and solar, but has not seemed to make up the majority of revenue from climate solutions yet.

Mpact is a cardboard manufacturer in South African with over 50% of their pulp coming from recycled paper, thus reducing the need for new trees to be used in cardboard creation.

Bushveld generates a majority of its revenue from producing vanadium, which is not a critical mineral for the energy transition.

Copper 360 is a South African copper mining company, a critical mineral for the energy transition.

Umeme Limited is an electrical utility in Uganda that generates revenue from expanding the grid, a key climate solution.

CIE is an electrical utility operating in the Ivory Coast. They do generate their own power and some is from fossil fuels, so we exclude them.

Metair is a South African provider of energy storage systems for homes and buildings, serving multiple markets.

Minera Valparaiso is a Chilean electrical utility that generates all of its electricity from fossil-fuel free sources, so we include them.

Elektro Redes is a Brazilian electricity distributor. It does not own any generator, so we exclude it.

Sigma Lithium is a pure play lithium miner in Brazil.

Cox Energy America is a pure play solar developer based in Mexico with projects around Latin America.

Rio Paranapanema Energia is a Brazilian electrical utility that generates all of its electricity from hydropower, so without fossil fuels.

Eléctrica Puntilla is a Chilean electricity utility that generates all of its electricity from non-fossil fuel sources.

CELG is a Brazilian electrical utility that generates all of its electricity from hydropower, thus passing our fossil fuel filter for utilities.

Fabrica Nacional de Acumuladores is a Peruvian provider of batteries. We could find no information of what types of batteries, so we exclude them for lack of information.

Eletrobras Participacoes is an electricity distributor in Brazil. As it does not generate any of its own electricity, we exclude it.

Aeris Industria is a Brazilian manufacturer and maintenance provider for wind turbines.

Companhia Energética de Minas Gerais is a Brazilian electrical utility that generates all of its electricity from fossil-fuel free sources: solar, wind, and hydropower.

Brookfield is an yieldco that is focused on generating electricity from renewable energy assets. 100% of its revenue comes from generating renewable power.

Tropical Battery Company only sells traditional automobile batteries which require internal combustion engine cars, so we exclude them as they have no climate solution.

Industrias del Cobre Sociedad is a Peruvian cable company that generates over half of its revenue from cables used in the electrical grid system.

Vale is a Brazilian mining company that while it does mine many critical minerals, it also mines many others like iron and gold.

Litoral Transmission is a Chilean electrical utility. They do produce power but they do not disclose how, so we do not include them.

Neoenergia operates as a Brazilian electrical utility that only generates power from fossil-fuel free sources: hydro, wind, and solar.

Rede Energia Participacoes is a large Brazilian electrical utility. They do generate electricity, but do not disclose from what sources, so we exclude them.

Invexans is a Chilean conglomerate. While they do make copper cables that can be used in expanding the grid, they also own many Shell branded gas stations in Chile. They do not disclose their revenue breakdown from each (their latest reports are from 2020).

Auren Energia is a Brazilian electrical utility that generates all of its power from fossil-fuel free sources: solar, wind, and hydropower.

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.