Global Climate Solution Stocks

Quest Holdings is a Greek conglomerate that does generate some revenue from developing renewable energy in Greece, but generates more from its other business activities like IT, telecomms, and shipping.

Envipco Holdings is a Dutch company that offers "reverse" vending machines that accept cans and bottles in exchange for cash, making it easier and more incentivized for people to recycle.

INLES Proizvodnja is a Slovenian manufacturing firm that generates most of its revenue from selling energy efficient windows into the European market.

Deceuninck is a Belgian producer of high quality windows that significantly reduce the energy needed to keep a building at a stable internal temperature. A high amount of their windows are also from recycled sources.

Sciuker Frames is an Italian provider of high performance glass windows for residential use that specializes in using wood in the frames.

Nusco is an Italian firm that builds a lot of high performance glass windows, but generates more revenue from selling doors, which are not a climate solution.

HF Company is a French tech firm that does offer some smart grid products that can help the grid run more efficiently, but they generate most of their revenue from serving other non-climate solution industries like telecoms

Gigasun is a Swedish solar developer that has projects in Europe and Asia.

Solar Foods is a Finnish company that makes a microbial replacement for animal proteins.

Johnson Controls is an Irish company that specializes in automating buildings so they can maintain a stable internal temperature and heat and cool water with less energy.

SBM Offshore is a Dutch provider of equipment to the offshore oil and gas industry. We wanted to see if they served the offshore wind industry as well, but it seems they do not.

Aalberts is based out of the Netherlands and offers a range of products for the automation of how liquids flow through buildings thus enabling them to be more energy efficient.

DUG Foodtech is a Swedish company that makes a number of plant-based drinks. While plant-based, they do not seem to be designed to replace animal products in the food system, so we exclude them.

Knorr-Bremse is a German manufacturer of train safety components. While they do have many products that serve passenger trains, they also serve freight and they do not provide a breakdown of revenue from each segment, so we exclude them in our 2025 review.

While Muhlbauer does some work with solar cells and their RFID cards can be used in enabling transit a majority of their revenue comes from other RFID technologies that are not climate solutions, as of our 2025 review.

Climeon makes a system that captures wasted heat and converts it into electricity. A majority of their revenue comes from doing this on shipping container ships, thus making shipping more efficient because less fuel is needed to generate onboard electricity, a unique but meaningful climate solution.

N. Leventeris is a Greek producer of steel cabling. While some of their products are used in supporting the electrical grid, most are for other applications, so we exclude them

AgriEuro purports to engage engage in fish farming, but we cannot find any online information about them to verify if they are implementing and novel ways of energy efficiency, so we exclude them.

Altech Advanced Materials is a German company that claims to have made more efficient lithium-ion battery technology, but they have not provided an investor report in two years and they recently were a "green paper" company, so we'll revisit them in next years update.

Meta Wolf is a German provider of construction equipment that also generates 2% of their revenue from solar farms.

Steel Structure Manufacture seems likely to generate most of their revenue from providing steel structures for the electrical grid, but we could not find a revenue breakdown, so we did not include them in our 2025 review.

Amman Mineral International extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Adhi Kartiko Pratama generates a majority of its revenue from extracting nickel, a critical mineral for the energy transition.

Eldridge Energy specializes in creating biomass pellets. As of 2025, we do not consider biomass a climate solution, so we exclude them

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

Quoc Cuong Gia Lai is a Vietnamese company involved in many industries including hydropower. Unfortunately, it's revenues from the other industries like rubber plantations are much higher, so we exclude them

Mekong Fisheries is a Vietnamese fish farming company raising catfish. They do not specifically call out any energy saving efforts on their website, so we do not believe they are participating in the "improved fisheries" climate solution

GP Industries makes batteries, but they are primarily for household uses rather than energy storage or EV

Power Generation Joint Stock is a Vietnamese utility that generates 81% of its power from coal and gas, so we exclude them

OceanaGold is a Filipino mining company that does extract one critical mineral, copper, but generates most of its revenue from gold, which is not a critical mineral.

PT Sejahtera Bintang Abadi Textile reputes to manufacture yarn from recycled textiles, but their website is down and we cannot find any financials later than 2022, so it is unclear if they are still in business.

Asia Biomass specializes in making biomass pellets. We no longer consider biomass a climate solution as of 2025, so we exclude them

Agro Nahari Nusantara is an Indonesian shrimp farm that specializes in raising a lot of shrimp in high density to use less resources.

BGMC is a Malaysian construction firm. While they do generate some revenue from constructing electrical grids, they generate more from traditional real estate construction like apartment buildings.

Linkers Industries builds wire harnesses for general electronics, not the electrical grid.

ABM Fujiya is a Malaysian battery manufacturer, but their batteries are intended for things like golf carts rather than EVs.

Solution Group builds equipment and software solutions from a number of industries. While some of their generation comes from renewables, most come from other industries.

Sino Green Land seems to be a holding company looking to acquire recycling companies as far as we can tell.

Green Resources is a Thai company that generated 77% of its revenue from selling solar power to the grid.

Metrod Holdings builds copper wires that are used in a variety of climate solutions from expanding the grid to electrical motors.

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.

Electro Sur Este is a Peruvian 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.

Electro Dunas is a Peruvian distributor of electricity. While they also generate revenue from expanding the grid, they generate more from their generic utility business, where they do not disclose their generation mix, so we exclude them.

Eletrobrás Participações 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.

Elektro Redes 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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is an Argentinian 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.

Empresa Eléctrica de Magallanes is a Chilean electric utility that generates a majority of its electricity from non-renewable sources

Empresa Regional de Servicio Público de Electricidad Electro Norte Medio is a Peruvian electrical distributor. They are a quasi-governmental organization that provides relatively little information on how much revenue they generate from operating vs. expanding their grid, so we exclude them for lack of information.

Empresa Electrica Pehuenche is a Chilean electrical utility that owns three hydroelectric plants and helps construct others.

Enel Americas is a South American utility company with a presence in many countries. It generates 44% of its power from thermal sources, leading it to fail our utility filters

Enel Distribucion Chile 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.

Energia del Pacifico is a Peruvian utility that generates a majority of its electricity from thermal sources

Energia de Casablanca is a Chilean electrical 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

Eneva is a Brazilian electrical utility that generates a majority of its electricity from non-renewable sources

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

Engie Brasil Energia is a Brazilian electrical utility that generates most of its power from zero carbon sources like hydropower, solar, and wind

Enlasa is a Chilean utility that generates a little under half of their electricity from zero carbon sources, so we exclude them.

Fossal is a Peruvian mining company. While it does mine for phosphate, which is somewhat of a critical mineral, its main mineral is diatomite which is not a critical mineral, so we exclude them

Equatorial Maranhão Distribuidora de Energia 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.

Fabrica Nacional de Acumuladores is a Peruvian battery manufacturer. While batteries are key climate solutions for both EVs and energy storage, this company generates a majority of its revenue from traditional automotive batteries. Their only EV batteries are for golf carts.

Equatorial Energia is a major investor in the Brazilian electrical grid. It expands the grid to meet growing demand while also investing in renewable energy like wind and solar

Tinci is a Chinese chemical manufacturer that a majority of its revenue from selling lithium for use in lithium ion batteries, a key climate solution.

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

Trina Solar is a Chinese solar cell manufacturer that makes multiple components that are used to construct solar panels as well as energy storage systems.

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. They also sell machines to manufacture batteries (another climate solution) and generate some of their revenue from semiconductor manufacturing lines (not a climate solution)

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. They also construct innovative mounting systems that can enable solar to be deployed in more places.

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. As of 2025, they also offer energy storage solutions that pair with their 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. They offer products for both residential and industrial use.

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.

Hangzhou First Applied Material specializes in films specifically for the solar industry that help protect solar panels from the elements, enabling them to last decades.

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 that provide baseload power.

Jiangsu Haili is a Chinese pure-play manufacturer of wind turbines building each part of them from the base to the blades. They also specialize in constructing wind turbines and maintaining them.

Jinko Power is a Chinese manufacturer of solar panels. They also develops solar projects and offer industrial energy storage products.

LONGi Green Energy Technology is a Chinese manufacturer of solar panels that since our 2023 review has also added green hydrogen products to its offerings, another climate solution.

CECEP Wind-power is a Chinese pure play wind energy developer that builds, owns, and operates wind farms. As of our 2025 review, they also own a pumped hydro storage facility.

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.

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

CGN Power Co is a Chinese pureplay nuclear power company that builds and operates 16 nuclear power plants in China that generate electricity without carbon emissions.

Contemporary Amperex Technology (CAT) is perhaps the largest manufacturer of EV batteries in the world and as of our 2025 review, they also now work on battery recycling, another climate solution.

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. We have moved them from a "pure play" to passes our revenue filter as they also generate some revenue from non-climate solution battery applications, like smart phones.