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.

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.

Zhejiang Weiming is a Chinese operator and owner of 41 waste to energy plants. Waste to energy is a "regretful" climate solution as though it does lead to GHG emissions and pollution, the impact is generally less than letting waste rot (and emit methane) and reduces the demand for extracting raw fossil fuels to generate electricity.

Yingkou Jinchen is a solar manufacturing company in China that specializes in various parts of the solar manufacturing process that help make solar panels robust and able to operate in the field for decades.

Flat Glass Group is a Chinese manufacturer of various types of glass including glass for solar panels, dynamic glass that will dim when exposed to the sun, and high-performance glass that helps keep buildings insulated.

Chongqing Sanfeng is a Chinese operator of waste to energy plants. Waste to energy is a "regretful" climate solution as while burning waste does result in GHG emissions, it is generally less than the methane from letting waste rot and it avoids the need to extract raw fossil fuels for generating electricity.

Ming Yang Smart Energy generates a majority of its revenue from selling products for the wind industry with some additional revenue coming from building data centers.

China Yangtze Power Co owns, operates, and invests in hydropower projects in China and around the world. Their projects generate electricity without burning fossil fuels.

Shenzhen New Energy specializes in making systems that enable other companies to manufacture the components that go into solar panels.

NYOCOR is a Chinese developer of solar and wind projects for the domestic market, thus helping more of China run on zero-carbon energy.

LEAD specializes in automated manufacturing processes and generates a majority of their revenue from manufacturing parts, components, and processes for the EV and solar industries.

Huaneng Lancang River Hydropower is a Chinese developer of hydropower projects, an important source of zero-carbon energy. It also develops wind and solar projects.

Ginlong is a Chinese manufacturer of electricity inverters that are used to transform power captured by solar panels into usable electricity for the power grid.

Suzhou Maxwell is a Chinese company that specializes in building solar cells and other components that are used in solar panels.

Shenzhen Senior Technology generates a majority of its revenue from building and manufacturing components for lithium-ion batteries, an important climate solution.

Riyue Heavy Industry is a Chinese company that does make products for the wind industry, but generates a majority of its revenue from non-climate solutions like injection molding machines, diesel engines, and giant mining machines.

Eve Energy is a Chinese manufacturer of lithium batteries that are used for both energy storage and powering of devices that enable the automation of buildings and smart meters to more efficiently use electricity.

Capchem is a Chinese chemical company that makes over 75% of its revenue from selling chemicals that are used in lithium ion batteries.

TCL makes the majority of its revenue from building solar panels and related equipment that are used in the solar industry.

China Southern Power Grid Energy Efficiency generates a majority of its revenue from identifying areas that electricity users could be more energy efficient. Identifying and fixing such opportunities is an important climate solution as demand for electricity grows, it must be used as efficiently as possible.

Kedali is a Chinese manufacturer of batteries and auto-parts. While they do sell auto-parts for traditional ICE cars, they generate a majority of their revenue from EV parts and batteries.

Tinci is a Chinese chemical manufacturer that makes over 90% of its revenue from selling lithium for use in lithium ion batteries, a key climate solution.