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.

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.

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

Ecopetrol is an energy company in Columbia that generates a majority of its revenue from oil. It also makes biodiesel and grid expansion, both climate solutions.

Afluente Transmissao is a Brazilian electrical distributor. Because it does not own any generation, we exclude it.

Centrais Elétricas de Santa Catarina is a Brazilian utility that generates 100% of its electricity from hydropower that does not require the burning of fossil fuels.

COELCE is a Brazilian distributor of electricity. As they do not own any generation, we exclude them.

Enel Americas is a major electrical utility in Latin America. It fails our utility filter because it does not generate all of its electricity from carbon-free sources.

Pomifrutas is a Brazilian producer of apples a perennial crop.

Bicicletas Monark is a Brazilian bike manufacturer. We exclude them because while more bikes is better for climate, they do not generate most of their revenue from electric bikes which more generally replace fossil fuels for commutes.

Empresa Regional is a Peruvian electrical utility. Because it only owns transmission lines and not generation, we exclude them.

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

Empresa Distribuidora is an Argentinian electrical utility. They do not provide a breakdown of how much of their electricity is generated from clean sources, so we exclude them.

All Cosmos Bio-Tech sells fertilizers in Malaysia. We no longer consider fertilizers, even bio-organic ones, a climate solution, as they do not help prevent food waste, so we exclude them. Not to mention most of their fertilizers are for the palm oil industry, which is highly environmentally destructive.

Enel Distribucion Peru is a Peruvian distributor of electricity. Because it owns no generation, it does not meet our utility filters.

Molibdenos y Metales is a Chilean mining company. While it does produce molybdenum, a critical mineral for the climate transition, it also makes rheunium, which is not, so we exclude them.

Enel Distribucion is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Southern Peru Copper is a Peruvian copper mining company, a critical mineral, but it also mines many other minerals, including coal, meaning we do not include it.

Sociedad Transmisora is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Empresa Distribuidora is a Argentinian electricity distributor. Because it does not own any generation, we exclude them.

Compañia de Transporte is an Argentinian electrical grid maintenance and expansion company, a key climate solution.

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

Trina Solar is a Chinese solar cell manufacturer that makes multiple components that are used to construct solar panels.

Pylon Technologies is a Chinese manufacturer of battery powered energy storage systems that enable renewable electricity to be stored and then deployed when needed.

Wuxi Autowell specializes in making automated processes for the production of solar panels in China, thus helping drive down the costs of the solar supply chain and making solar more affordable to deploy around the world.

Artech Solar is a Chinese manufacturer of solar tracking systems that help solar panels shift over the course of the day so they get optimal output as the sun moves across the sky.

Ningxia Jiaze Renewables is a Chinese renewable energy developer with a growing portfolio of wind, solar, and energy storage projects in China, thus enabling the Chinese electricity grid to operate with fewer fossil fuels.

GoodWe is a Chinese manufacturer of solar inverters in China, a key part of building a solar farm that converts the solar energy into usable electricity.

Beijing SinoHytec is a Chinese pureplay manufacturer of fuel cell systems that can generate power by burning hydrogen, a fuel that releases no GHG emissions when burned.

Ningbo Ronbay is a Chinese supplier of cathode battery materials that are a key component in making batteries for EVs and energy storage.

China National Nuclear Power Co is a Chinese developer, owner, and operator of nuclear power and clean energy projects in China, both zero-carbon sources of electricity

Hangzhou First Applied Material makes films specifically for the solar industry that help protect solar panels from the elements.

Jinko Power is a Chinese manufacturer of solar panels and also develops solar projects.

CECEP Wind-power is a Chinese pure play wind energy developer that builds, owns, and operates wind farms.

LONGi Green Energy Technology is a Chinese manufacturer of components that are used to construct solar panels.

Nuode New Materials makes copper foils that are a key component in lithium-ion batteries, an important climate solution.

China Southern Power Grid Energy Storage Co owns a series of hydroelectric plants in China, many of which have pumped storage, and they also build and maintain extensive electricity power grids, a necessary piece of infrastructure for the electrification of everything.

Jiangsu Haili is a Chinese pure-play manufacturer of wind turbines building each part of them from the base to the blades.

Zhejiang Provincial New Energy is a Chinese zero-carbon utility that derives all of its electricity from zero carbon sources like hydro, renewables, and hydrogen.

CNGR is a Chinese provider of multiple base ingredients for batteries that are used in EV's and Energy storage applications, both critical climate solutions.

Contemporary Amperex Technology (CAT) is perhaps the largest manufacturer of EV batteries in the world, thus empowering a critical climate solution to scale at an increasingly affordable price.

Jolywood Sunwatt is a Chinese pureplay manufacturer of various components that are used in the construction of solar panels.