Global Climate Solution Stocks

Corep Lighting is a French firm that specializes in lamp shades and recess lighting. While they do offer LEDs, most of their revenue comes from shades, so we exclude them as of our 2025 review.

Zoomability makes an electric wheelchair that can go offroad. As this does not replace a use for fossil fuels (any non human-powered wheelchairs are electric), we exclude them, again in our 2025 review.

Tab is a Slovenian battery producer that generates more of their revenue from automotive starter batteries than energy storage batteries.

Robot specializes in creating and installing building automation systems with a historical focus on hotels so they can use energy more efficiently.

Dadelo is a Polish online bike retailer. While they do sell e-bikes, they generate more revenue from traditional bicycles, which are not a direct climate solution.

TomTom is a Dutch company that specializes in GPS devices. They do offer some products and integrations with EVs, but it's a small portion of their business.

Elhim Iskra is a Bulgarian battery manufacturer that focuses on automobile starter batteries instead of energy storage batteries.

Redeia is a large owner and builder of electrical grids in Spain, helping more of that country use electricity instead of fossil fuels.

Lovisagruvan is a Swedish mining company that extracts zinc, lead, and silver. They do not provide a revenue breakdown of each that we can find as of our 2025 review.

Great Western Mining is an Irish firm that owns mining rights in Nevada in the US. They are exploring for both gold and copper, but as they have not begun, they do not have revenue from each, so we exclude them.

S.C. Promateris is a Romanian company that generates all of its revenue from developing and selling bio-based packaging materials that reduce the demand for fossil fuels in packaging and enable packaging to be composted instead of thrown away.

Charwood is a biomass power producer in France. As we no longer consider Biomass a climate solution, we exclude it, again in our 2025 review.

Transition Evergreen is a publicly traded fund that invests into climate solutions, not a company directly enabling climate solutions themselves, as of our 2025 review.

OSRAM is a lighting company in Germany that provides many LED chips that enable LEDs to provide more energy efficient lighting

DonkeyRepublic offers software for touchless bike rental services making it easy for anyone to rent a bike whenever they need instead of driving.

Enertronica Santerno is an Italian construction firm that focuses primarily on solar plants, helping the Italian grid run more on sunshine.

Gruvaktiebolaget Viscaria is a Swedish mining company that primarily extracts copper, a critical mineral for the energy transition

Sin Cars is a Bulgarian car manufacturer that generates more revenue from selling their high-end ICE sports car than their electric-powered trucks, so we exclude them as of our 2025 review.

Atalaya Mining is a Spanish mining company that generates a majority of its revenue from extracting copper, a key mineral for the energy transition.

EuroGroup is an Italian company that generated 57% of their revenue from building electric motors for use in EVs.

Yuasa is a Thai producer of batteries. While some are used for energy storage and EVs, the vast majority of their revenue comes from traditional automobile batteries.

CCK is a Malaysian animal product company. While they do engage in aquaculture, they generate over half of their revenue from land-based animal products, so we exclude them

Hero Global Investment is an Indonesian firm that invests and builds geothermal and solar plants

Sena Development is a real estate development firm that generates a small portion of its revenue from solar development in Thailand

Ratch Pathana Energy is a Thai owner of multiple power plants with the vast majority of its generation capacity coming from gas.

While Merdeka Copper Gold does search for copper, it is the only critical mineral it extracts, with most of its revenue coming from non critical minerals like gold.

BDC is a Vietnamese construction company that does work on hydroelectric plants, but generates more revenue from its general construction services like roadways.

Ben Thanh Service does provide services to the solar industry but generates most of its revenue from real estate and hospitality.

Vinacomin is a Vietnamese electrical utility that generates most of its power from coal and gas, so we exclude them.

Quang Nam Construction is a Vietnamese construction company that does work on hydroelectric plants, but generates more revenue from its general construction services.

Flagship Minerals is a mining company that specializes in copper and lithium, two minerals critical to the energy transition.

40 Investment and Construction is a Vietnamese construction firm that has built one hydropower plant, but has built more other non-climate solutions, so we exclude them

Wei Yuan is a Singapore-based company that specializes in constructing electrical grid cabling systems, a key part of the energy transition.

Song Da No 11 is a Vietnamese construction firm that has generated a majority of its revenue from hydropower plants and grid expansion, two climate solutions.

Greenergy Holdings says it seeks to work in renewable energy, but they do not show any revenue of doing so in their financials, so we exclude them for now.

Lizen Joint Stock Company builds renewable energy projects but generates more revenue from constructing roads

Citicore Renewable Energy is a Filipino solar developer that also has installed multiple mini hydro systems that generate small amounts of zero carbon baseload power.

Vinh Hoan is one of the largest catfish fish farming companies in the world. They discuss energy saving techniques on their website, but do not go into details. We are excited to see more from them in future reviews.

Refrigeration Electrical Engineering is a Vietnamese company that owns multiple hydro, solar, and wind power plants

Nickel Asia is a Philippine company that generates most of its revenue from the extraction and refinement of Nickel, a critical mineral for the energy transition.

Marine Electricals is an Indian construction company that specializes in serving the shipping industry. They also offer an automated building management system, but this is a fraction of their revenue.

Ahasolar builds software for the solar industry in India working to help expand the industry and help it run more efficiently.

Waa Solar is an Indian solar developer that owns multiple solar farms in the region, helping more of it run on sunshine instead of fossil fuels.

Indian Railway Finance Corporation specializes in granting leases to build out rail services in India. While this is critical to building railways, an important part of mass transit, it is fundamentally secondary to the primary activities of building and operating, so we exclude them.

MSTC engages in multiple business lines in India. While it generates some revenue from scrap recovery, it generates most from e-commerce, so we exclude them

Veer Energy is a pure play wind developer in India having built seven farms so far and counting.

Mena Mani claims to be involved in biofuel, which can be a climate solution, but they seem to be out of business, so we cannot clarify.

Associated Ceramics makes ceramic bricks that are used in the cement and aluminum industries. They say they also engage in solar energy, but we could find no confirmation of this in their financials.

Narmada Macplast Drip specializes in offering drip irrigation technologies so farmers can use less water to raise their crops.

Shivamshree Businesses is a pure play provider of solar systems in India, enabling more of that grid to run on sunshine.

BKV Industries seems to own a shrimp farm, but they offer no information on their farming practices and their relative efficiency, so we exclude them.

Rex Pipes and Cables makes some climate solutions like cables for the electrical grid and, interestingly, automotive buses, but they make pipes and sprinklers and other products that are not climate solution. They do not provide an accurate revenue breakdown of use cases between them, so we exclude them.

Ramco generates most of its revenue from providing cement in India. While they talk a lot about sustainability, they do not seem to actually be incorporating any kind of lower carbon, alternative cements, so we exclude them.

Sejal Glass is an Indian manufacturer of high quality architectural glass that helps buildings stay better insulated.

Kay Cee Energy & Infra specializes in siting and constructing electricity transmission towers that enable the electrical grid to expand.

Hariyana Ship Breakers specializes in breaking down old ships to extract the valuable metal so it can be repurposed, reducing the demand for virgin materials.

Trom Industries is a solar pure play company in India. They serve as a solar developer as well as offering solar products like rooftop systems and even deep freezers.

Jayshree Chemicals generated 6% of their revenue from wind power when last reported and 94% from chemicals, so we exclude them.

Australian Premium Solar India is a pure play manufacturer of solar cells in India, enabling more of the country's electrical grid to run on sunshine.

We could find no online information about GR Cables at all, so we exclude them for lack of information.

Jet Contractors is a large construction firm operating in Morocco. While they have constructed some solar farms, they generate most of their revenue from constructing things like highways and stadiums, neither of which are climate solutions

Assad is a Tunisian battery manufacturer of starter batteries for cars and boats. While batteries are a climate solution, it's when they are used for energy storage to replace fossil fuels. While they do generate some revenue from recycling batteries (which is awesome), they generate most from making generic vehicle batteries.

While Shumba Energy in Botswana does engage in renewable energy development, it generates a majority of its revenue from coal mining and the production of other hydrocarbon fuels.

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 generate a majority of their revenue from non-critical mineral mining like gold

Huge Group is an investment company that operates in many different industries. One of them is renewables, but this appears to represent only a small portion of their revenue, so far less than 50%

Managem owns multiple mines in Africa. While they do mine multiple critical minerals like copper and cobalt, it only makes up about 20% of their revenues with mining for non critical minerals like gold and silver making up the majority.

Kakuzi is an avocado grower based in Kenya. They provide a number of other annual crops like tea and blueberries. While they do also grow macadamia nuts which we would include, avocados are more strongly linked to deforestation so we exclude them.

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 and agricultural vehicles.

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 continues to represents a small fraction of their revenue in 2025.

Eveready East Africa is a Kenyan provider of traditional car and individual batteries, neither of which are climate solutions. They offer lighting solutions as well, which could be LEDs, but this seems to be a small portion of their revenue

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 as of 2025, so we exclude them.

Bushveld Mineral is a South African company specializing in the mining of vanadium. While vanadium can be used in energy storage, it is not widely, so it is unclear if this is a climate solution.

ForRich is a Jamaican lighting and electrical services company. They provide energy efficient lighting, solar systems, and grid connection services to businesses in Jamaica, thus enabling more processes to run on electricity instead of fossil fuels

Salmones Camanchaca is a Chilean provider of farmed salmon. They track the efficiency of their fisheries to improve energy usage and reduce climate impacts, enabling them to make more protein with fewer resources.

Grupo Energia Bogota is a Columbian electrical utility that does not publish their electrical generation mix, so we exclude them

ISA Energia Brasil specializes in building high transmission power line projects that expand the electrical grid, an important-precursor to the electrification of everything

Equatorial Pará Distribuidora de Energia is a Brazilian utility that does not disclose their full electricity generation mix, so we exclude them

Wetzel is a Brazilian provider of Industrial LEDs as well as automotive parts and materials for low-voltage electrical installations. They do not disclose how much of their revenue they make from their LED business in their investor relations, so we exclude them

Conciviles is a Colombian construction company. While they do help build electrical transmission systems, an important climate solution, they generate more of their revenue from constructing roads and buildings.

Enel Generacion Piura is a Peruvian electric utility that generates most of its electricity from thermal sources, so we exclude them

Enel Generación Chile is a Chilean utility that generates almost 40% of its power from thermal sources, so we exclude them

Light is a Brazilian utility that generates all of its electricity from renewable assets

Monteiro Aranha is a Brazilian conglomerate involved in the paper, petrochemical, and real estate industries. While they do make some revenue from recycling paper, it is much less than half.

Companie de Electricidad de Tulua is a Columbian utility that generates power from multiple sources, including thermal. We could not find any publication of the exact mix of their sources however, so we exclude them

Natluk is an Ecuadorian company that provides wild and farm-raised shrimp. While more efficient fisheries are a climate solution, we could find no indication that Natluk was instituting any practices that would achieve this

COPEL is a Brazilian utility that generates 100% of its electricity from zero-carbon sources like hydro, solar, and wind

Irani is a large Brazilian paper and cardboard company. While they do seek to source their paper from sustainably managed forests, scaling paper and cardboard production will not mitigate climate change. They do generate some revenue from recycling, but it is a small amount, so we exclude them

Klabin is a large Brazilian paper and cardboard company. While we commend them for their efforts in sustainable forest management, the only climate solution they participate in directly is recycling, which makes up less than half of their revenue

Tecnoglass is a Columbian company that generates all of its revenue from providing high performance glass for buildings that enable them to keep a stable internal temperature with less energy

Rumo is a large Brazilian rail freight shipping company. They neither participate in passenger trains (mass transit) not seem to be investing in electrifying their train fleet, so we exclude them

Blumar is a Chilean provider of farm raised salmon. While making aquaculture more efficient is an important climate solution, we could not find any evidence that Blumar was investing in any activities beyond industry standard.

Ambipar is a Brazilian conglomerate that does emergency response, waste management, and risk planning. They do not generate a majority of their revenue from waste management with methane capture, so we exclude them

As of 2025, Guangdong Jiayan specializes in making thin copper foils that are used in lithium ion batteries for the EV and energy storage supply chains.

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. In our 2025 review, we note they also have expanded into hydrogen electrolyzer production, another key climate solution.

As of 2025, 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, all important climate solutions.

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. They also have biodigester plants that capture methane and turn it into electricity.

Ming Yang Smart Energy Group produces wind turbines and solar panels, and as of our 2025 review, they also have innovated in aquaculture, adding fish rearing into their wind turbines.

NYOCOR is a Chinese developer of solar and wind projects for the domestic market, thus helping more of China run on zero-carbon energy. Since we first evaluated in 2023, they have also expanded into energy storage, another key climate solution.

As of 2025, 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.

NARI is a Chinese provider of smart grid technologies that enable the electrical grid to handle and distribute electricity with greater efficiency. They also make some of their revenue from automation and monitoring technologies for other industries

Shenzhen SC New Energy Technology builds the machines that enable nearly 300 solar cell manufacturers to run around the world.

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

Windey Energy generates its revenue from manufacturing wind turbines while also developing their own wind projects and energy storage projects as well as software built for the wind energy industry.

Suzhou Maxwell is a Chinese company that specializes in building solar cells and other components that are used in solar panels. They also make machines for the semiconductor industry.

Again in 2025, Shenzhen Senior Technology generates a majority of its revenue from building and manufacturing components for lithium-ion batteries, an important climate solution.

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 as of 2025, specifically batteries.

LEAD specializes in automated manufacturing processes and, in 2025, continues to generate a majority of their revenue from manufacturing parts, components, and processes for the EV and solar industries.

Capchem is a Chinese chemical company that makes over two thirds of its revenue from selling chemicals that are used in lithium ion batteries, a key climate solution.

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. They also make lithium ion batteries for consumer use, which is not necessarily a climate solution.

As in 2023, in 2025, 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.

Wuhan Sanzhen is a water distribution and wastewater processing company in China, neither of which are climate solutions. They make a majority of their revenue from providing tap water and they do not report any water conservation strategies beyond industry standard.

Landscaping is not a climate solution and is different than restoring land to a natural state and Palm Eco-Town generates over 90% of its revenue from doing landscaping design for homes, apartments, and buildings.