Global Climate Solution Stocks
2023 List

PT Voksel Electric generates most of its revenue from building and selling power cables in Indonesia that can be used to expand the grid.

Delta Electronics is a Thai manufacturer of electronics that builds across many product lines. While it does make some products that can be used in expanding the electrical grid, it generates more revenue from its other business lines.

SCI Electric is a Thai producer of various products that are used in updating and expanding the electrical grid, a key climate solution.

PT Jembo Cable is an Indonesian manufacturer of power cables. While it also makes telecom cables, it generates most of its revenue from cables that are used to expand the electrical grid.

Bukaka Teknik is an Indonesian infrastructure company. While it generates some of its revenue from installing power lines, it generates more from its other non-climate solutions..

Kabelindo Murni is an Indonesian manufacturer of electrical cables. While some of their products are used for grid expansion, most are geared for low voltage situations like the internal wiring of a building for electricity.

ACO Group is a Malaysian provider of electrical equipment. While they made some of their revenue from grid expansion products more came from traditional household electronic appliances.

Vietnam Electric Cable makes electric wires and cables for a variety of purposes, including for small electronics. It is not clear how much of their revenue comes from cables for the electrical grid, so we exclude them.

CIC39 is a Vietnamese conglomerate that operates in construction and a range of other industries. While it generates some revenue from grid expansion, most of it comes from other parts of its business.

Taya Viet Nam Electric Wire is a Vietnamese manufacturer of power cables that are needed when expanding the grid.

MN Holdings is a utilities engineering company in Malaysia that specializes in electrical transmission cables. They also build substations for utilities. Both are needed when expanding the grid.

Viet Thai Electric cable makes a variety of cables but less than a majority of their revenue comes from cable built for the electrical grid.

Asefa is a Thai manufacturer of electrical components used in power distribution like switchboards and panels.

A. Soriano Corporation, a Filipino company, makes a majority of their revenue from making electrical wires that can be used in grid expansion projects and the general electrification of everything.

Sarawak Cable is a Malaysian producer of cables and other equipment like steel towers used in the electrical grid transmission system.

Sumi Indo Kabel is an Indonesian cable manufacturer that makes cables for a variety of purposes, only some of which are used for the electrical grid system.

JRW Utility is a Thai engineering company that builds and maintains electrical transmission systems, a necessary precursor to electrifying everything.

Sky Tower is a Thai engineering firm that builds out electrical grid infrastructure from the cables to the electricity poles.

Haiphong Electricity Water Machine Assembly is a Vietnamese provider of electrical equipment, much of which seems to be used in the electrical grid. They also provide products and services for the distribution of clean water. We could not find any additional information on their revenue breakdown between the two, so we exclude them.

Power Engineering Consulting is a design firm in Vietnam that helps design renewable energy farms (solar, wind, and hydro), as well as electrical grid projects, both important climate solutions. But they also design thermal power plants, primarily coal. They do not disclose their revenue breakdown from each (their latest annual report was from 2019), so we exclude them.

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.

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.

Titan Wind Energy generates a majority of its revenue from producing and selling wind towers and turbines in China. It also develops wind farms and owns some office properties.

Goldwind Science is a Chinese company that makes a majority of its revenue from the wind power industry. They make components and parts for wind turbines as well as insuring and developing wind farms.

Gem is a China-based recycling company that takes used electronics and cars and extracts raw materials that can be used again in making batteries and other products, this making the economy that much more circular.

Chengxin Lithium is a Chinese company that makes a majority of its revenue from mining and refining lithium for use in batteries. It also makes some revenue from forestry projects.

Shenzhen Yinghe generates a majority of their revenue from making tools that automate the production of lithium-ion batteries, thus helping reduce the cost of manufacturing these key climate solutions.

Shanghai Hiuv New Materials is a Chinese producer of thin films for solar panels that also sells a variety of solar products into the Chinese market.

Ningbo Xusheng is a Chinese company that specializes in making lightweight materials for the EV industry that help EVs move with less power needed.

Zhejiang Jingsheng specializes in making machines that grow high precision silicon discs that are used in the production of solar panels.

Jiangsu Cnano is a Chinese manufacturer of carbon nano-materials that are primarily used in lithium batteries.

Shuangliang Eco-Energy generated a majority of its revenue from providing silicon for solar panels.

Yunnan Energy New Materials makes a majority of its revenue from producing thin films that are used in lithium-ion batteries.

China Tianying generates a majority of its revenue from building and selling waste to energy plants, a "regretful" climate solution that avoids the need to burn fossil fuels for electricity generation

Beijing GeoEnviron is a Chinese waste management company. They do not disclose how much of their revenue comes from waste to energy nor how many of their landfills have methane capture equipment installed, so we exclude them for lacking information.

KBC Corporation makes carbon-based products that are used for a number of climate solutions like solar, batteries, and hydrogen, but they also make products for the traditional thermal power industry. As they do not disclose a revenue breakdown from each, we exclude them for lacking information.

Beijing Sifang Automation makes power transmission and automation processes for a range of industries in the electricity and power space. However, they do not disclose the revenue breakdown from their businesses lines for fossil fuel power plants vs. renewables and hydro, so we exclude them for lack of information.

Congqinq is a Chinese utility that provides electricity and also specializes in energy efficiency projects. While energy efficiency and grid expansion are important climate solutions, they do not provide a breakdown of the sources of their electricity generation, so we exclude them for lack of information.

Shanghai Environment Group is a municipal waste company in China that does not disclose how many of their landfills have methane capture on them, so we cannot see if they pass our 50% threshold.

Luoyang Xinqianglian makes large bearings for a number of different applications: wind turbines, tunnel boring machines, and offshore cranes. As they do not give a revenue breakdown from each segment, we remove them for lack of information.

Sichuan Chuantou Energy is a Chinese investment company that owns stakes in multiple power plants and two technology companies. While most of their owned power plants are hydropower, some are coal, meaning they fail our utility filter.

Xizi is one of the largest manufacturers of clean energy equipment in China. But they also make many products for the coal power industry. As they do not distinguish the revenue from each business line, we remove them for lacking sufficient information.