Global Climate Solution Stocks

Farmy Fotowoltaika Polska is a Polish solar developer

Rockwool, operating out of Denmark, makes high quality insulation that enable buildings to use less energy to keep a comfortable internal temperature.

Crescent is a Belgian tech firm that offers some products for LEDs and energy-efficient lighting, but generates more revenue from generic IoT products.

Grupo Ezentis is a Spanish company that builds electrical grid systems in Latin America in Europe. It, however, generates more revenue from building telecommunication networks, so we exclude them as of our 2025 review.

SCHMID is a German manufacturer that both makes solar cells and printed circuit boards. We could not find a revenue breakdown by segment, so we exclude them as of our 2025 review.

Ceritech is a German mining company that explores for lithium and rare earth minerals, both critical minerals for the energy transition.

Firering Strategic Minerals is a Cypriot company that owns multiple mines in Africa. While it does explore for some critical minerals like lithium, it generates more revenue from other minerals like limestone, so we exclude them.

While Clontarf is exploring for lithium, it makes the majority of its revenue from oil and gas as of our 2025 review.

Arkle Resources is an Ireland based mining company that explores for multiple critical minerals, but generates more revenue from non-critical ones like gold.

Unibios Holdings owns Watera, which is a Luxembourg-based water treatment firm. While Watera does provide some water efficiency products, they do most of their business in waste water treatment and desalination, which while important, are not direct climate solutions.

While Refine Group seems to have previously focused on second-hand e-commerce, they now seem focused purely on generic e-commerce logistics, so we exclude them as of our 2025 review.

Zeneris is a Polish construction firm that specializes in deploying solar, building hydropower, and managing waterways.

Rodina Capital purported to engage in the renewable energy field, but we could find no evidence of this in their financial statements and online materials, so we exclude them as of our 2025 review.

NIBE is a Swedish producer of energy saving equipment that makes a majority of its revenue from climate solutions like heat pumps and building automation, enabling buildings to maintain a stable internal temperature with less energy.

Vassiliko Cement Works Public Company is a Cypriot company that generates a majority of its revenue from traditional cement manufacturing and a minority from developing solar farms, so we exclude them.

Erato Energy is a Polish company that installs solar systems for houses, businesses, and farms.

Yellow Boson Spólka Akcyjna is a Polish company that installs solar systems for houses, businesses, and farms.

Less is a Polish group that purports to engage in second-hand ecommerce as well as some other non-climate solution activities. We could not find a financial report and they only have 2 reported employees as of our 2025 review, so we will exclude them for now.

Troc is a French online consignment store that connects sellers of second hand goods with buyers, reducing the demand for new goods.

Ekopol Górnoslaski is a Polish company that generates some of their revenue from installing solar roofs, but more from distributing metal products and general construction activities.

Dizon Copper-Silver mines has not started extracting minerals, so we do not know their breakdown of revenue

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Zixin specializes in providing sweet potato packaged snacks like potato sticks. While these are plant-based foods, they do not directly replace animal-based products, so we exclude them

Khanh Hoa Power is a Vietnamese utility that generates its power from hydropower, a carbon-free source

St. Augustine extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Construction and Investment is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

IDI International is a fish production company. They generate more of their revenue from producing feed and fish meal however, which are not directly related to improved fisheries, so we exclude them for now.

Ha Giang Mineral seems to only produce purified antimony which is not listed as a critical mineral for the energy transition.

Philex Mining extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Atlantis Subsea Indonesia provides underwater services for the wind industry, but generates the majority of their revenue from providing such services to the oil and gas industry.

Gelex Electricity is a Vietnamese producer of a variety of products from wiring to transformers that are used to expand the electrical grid.

GPP Resources generates most of their revenue from providing biogas and biomass reactors for palm oil farms in SE Asia. We do not consider biomass a climate solution and they do not breakdown their revenue from each category, so we exclude them.

Make To Win is a Thai manufacturer that generated 89% of its revenue from selling electric motorcycles.

Thai Agro Energy makes ethanol based biofuels. We do not consider ethanol biofuels to be a climate solution unless they are derived from waste products.

Asiamet Resources is an Indonesian mining company that generates most of its revenue from extracting critical minerals like copper and zinc.

Light Up Total Solutions is a Thai provider of LED lights that enable users in Thailand to get the same light with far less electricity.

Swift Energy is a relatively new public company. They make process and control systems for a number of industries including both oil and gas and renewables. They do not provide an industry breakdown (yet), so we exclude them for now.

MAG Holdings owns two Malaysian shrimp farms. They say they are in process of installing floating solar panels on their farms, so the farms would not need to run on diesel generators. When this happens, we will include them.

Manila Mining Corporation explores for a critical mineral, copper, but generates most of its revenue from gold and silver which are not critical minerals.

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.

TotalEnergies is a Senegalese company that offers fuel, gas, and solar lamps. We dug into them for the latter, but they generate most of their revenue from fossil fuels, so we exclude them.

Societe Tunisienne de Verreries is a Tunisian manufacturer of glass bottles. While high performance glass windows are a climate solution as they help better insulate buildings, glass bottles are not.

Multiverse Minerals is a Nigerian mining company that does extract some minerals critical for the energy transition, but generates most of its revenue from other minerals like gold.

CEC African Investment invests into many power plants in Africa. They have not updated their materials since 2021, so we cannot accurately determine their mix of zero carbon vs. fossil fuel generated electricity.

The Egyptian Company for Construction Development generates some of its revenue from building electrical transmission lines (a climate solution) but a majority from building and maintaining desalination plants, an important service, but not a climate solution

Auto Nejma Maroc is a Moroccan provider of heavy duty vehicles. They are all ICE vehicles and offer no electrified alternatives.

While Gold Fields Limited does explore for some critical minerals like copper, it generates a majority of its revenue from, well Gold, which is not a critical mineral for the energy transition.

Transcorp Power is a Nigerian electricity provider. They provide their electricity from a gas plant, so we exclude them

Sappi Limited is a South African paper and cardboard manufacturer. While they do integrate recycled pulp into their process it is less than 50%, leading to us to exclude them

Gadwa for Industrial Development is an Egyptian company owned by AMG, a Saudi Arabian Conglomerate. They report to make cables but show no information on whether they are high-voltage electrical cables for the grid or low-voltage for electronics or residential use, so we exclude them for lacking information.

Travaux Généraux de Construction de Casablanca is a Moroccan general construction company. While they have done some work on solar systems, the vast majority of their revenue comes from traditional construction activities.

While Impala Platinum does explore for some critical minerals like copper, it generates a majority of its revenue from, well Platinum, which is not a critical mineral for the energy transition.

John Holt is a Nigerian company that generates a majority of its revenue from distributing power generation systems that are almost all diesel generators. They also generate revenue from boats and firefighting equipment, neither of which are climate solutions.

One Tech Holdings is a Tunisian electronics conglomerate. While they do make some products for the electrical grid, the majority of their revenue comes from traditional electronics manufacturing like circuit boards.

While RioZim does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.

While African Rainbow does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.

KenGen is a Kenyan utility that sources 86% of its electricity from zero carbon sources like hydro, geothermal, and wind.

Aveng Limited is a South African construction firm. While they do engage in a few climate solution areas like rail and electrical grids, they generate a majority of their revenue from non-climate solution construction like buildings and roadways.

While Wesizwe Platinum does explore for some critical minerals like copper and cobalt, it generates a majority of its revenue from precious minerals like platinum and gold

While Exxaro Resources does operate two wind farms in South Africa, it generates a majority of its revenue from extracting coal.

CEMIG is a Brazilian utility that generates its power from zero carbon sources like hydro, solar, and wind

CELG is a Brazilian electrical utility that generates all of its electricity from hydropower, thus passing our fossil fuel filter for utilities

Centaurus Metals is a mining company in Brazil that generates a majority of its revenue from extracting nickel and copper, two minerals that are critical to the energy transition

Centrais Elétricas Brasileiras S.A. - Eletrobrás is a Brazilian utility that generates over 90% of its electricity from hydropower, a carbon-free source of electricity.

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

Central Puerto is an Argentinian electrical utility. While they generate power from renewables, they generate more from thermal sources, so we exclude them

CGE Transmision is a Chilean owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution

COELBA is a Brazilian owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution.

Colbun owns 26 electricity generation plants in Chile. They are owned by Minera Valparaiso. Despite owning many renewable plants, they generate a majority of their electricity from thermal sources, so we exclude them

COELCE is a Brazilian owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution

Compañía Eléctrica del Litoral is a Chilean electric utility. It owns its own generation, but it does not disclose where that generation comes from again in our 2025 review, so we exclude them

Companhia Estadual de Distribuição de Energia Elétrica is a Brazilian owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution.

Compania de Transporte is an Argentinian electrical grid maintenance and expansion company, a key climate solution. They are included because they provide maintenance services to third parties as well as their own.

Compañía General de Electricidad is a Chilean owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution.

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.

Cox Energy America is a pure play solar developer based in Mexico with 1,808 mw's of projects around Latin America

CPFL Energia is a Brazilian utility that generates its electricity from renewable sources like hydro, wind, and solar

Electrica Puntilla is a Chilean electricity utility that generates all of its electricity from non-fossil fuel sources, specifically hydropower

Ecopetrol is a Colombian company that does build power lines (a climate solution) but generates a majority of its revenue from oil and gas.

EDESA is an Argentinian electrical utility. While they do provide off grid solar solutions, they do not publish their generation mix, so we exclude them for lack of information

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.