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.

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.

Plaza builds shopping and commercial plazas. We could find no way they were integrating climate solutions into their business.

Compania Minera San Ignacio is a Peruvian mining company that explores for two critical minerals: lead and zinc, both of which are needed in far greater quantities for the energy transition.

Aclara Resources is a mining company focusing on rare-earth minerals in Chile and Brazil, which are critical minerals for the energy transition.

Fossal is a Peruvian mining company that primarily explores for Phosphate in Peru. While Phosphate is needed in the energy transition, it is not one of the core minerals required, so we exclude it.

Rigolleau is a glass manufacturer in Argentina. They do not provide any information on the types of glass they produce and how much is high quality glass for buildings that improves insulation vs. other types of glass like glass bottles.

Electro Dunas is a Peruvian distributor of electricity. They also work to expand the grid. As they do not disclose their sources of generated electricity, we exclude them.

Fruticola Viconto is a Chilean grower of various stone fruits, apples, and nuts. Because stone fruits, apples, and nuts can produce calories each year without being harvested we include them as a climate solution. The trees are also less likely to be tied to the destruction of rainforests like tropical plantations are such as palm oil, coffee, and cocoa.

Leyden is a provider of electrical capacitors in Argentina. They make a full range of electrical equipment, only which a minority is used on the electrical grid.

La Reserva Forestal is an Ecuadorian company that seems to be in the food production business. They have no additional information that indicates they are actually involved in reforestation projects, so we exclude them.

Compania Electrica del Litoral is a Chilean electrical utility. They do not provide a breakdown of the sources of their generated electricity, so we exclude them.

Consolidated Water Co builds water distribution systems in the Caribbean. While their desalination products certainly will be more in demand in a warming world, they do not actually provide services that increase water efficiency, so we exclude them.

Fábrica Nacional de Vidrio is a Venezuelan glass maker. As they have no additional information provided, we do not know if they make glass bottles (not a climate solution) or high performance glass that insulates buildings (climate solution), so we exclude them.

Omega Energia is a Brazilian renewable energy developer that has built over 79 solar, wind, and hydro projects.

Wigton Windfarm owns and runs three windfarms on the island of Jamaica enabling residents there to use electricity without needing to burn fossil fuels.

MPC Caribbean Clean Energy is a pure play solar and wind energy developer in the Caribbean based out of Barbados.

Orizon Valorizacao de Residuos is a Brazilian waste management company that captures the methane from their landfills so that it can be burned, avoiding the much greater emissions from methane vs. CO2.

AES Brasil Energia is a renewable energy developer in Brazil that builds and operates solar, wind, and hydropower plants in the country.

CEB is a Brazilian electrical utility that does not disclose where it generates its electricity from, so we exclude it for lack of information.

Chijet, based in the Cayman Islands, has partnered with a major Chinese automaker to produce a range of electric cars, SUVs, and small trucks.

WEG is a major Brazilian manufacturer or motors and other industrial power equipment. While they do make electric motors and products used in the electrical grid, they generate more revenue from their traditional motors business.

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.