Global Climate Solution Stocks
2023 List

Thai Energy Storage Technology is a battery company in Thailand. While batteries are critical climate solutions, this company does not provide batteries for electric cars, nor for energy storage of electricity, so we exclude them. Their main market are automobile batteries.

Tiasang Battery is a Vietnamese battery company. While they do sell some batteries for use in climate solutions like e-bikes, they make more of their revenue from traditional automobile batteries.

Thac Mo Hydro Power is a Vietnamese electrical utility that generates all of its electricity from hydropower.

Southern Hydropower is a Vietnamese electrical utility with 100% of its generated electricity coming from fossil-fuel free sources.

Hydro Power No. 3 is a Vietnamese operator of hydroelectric plants in Vietnam. Given that all of their electricity is generated without fossil fuels, we include them.

Nuoc Trong Hydro is a Vietnamese electric utility that generates all of its electricity from hydropower.

Repower is a Philippine operator of hydropower plants that generates electricity in the Philippines without fossil fuels.

YTL is a Malaysian conglomerate. It operates numerous power plants, some of which are fossil-fuel fired, so we exclude them.

Synergy Grid and Development is a Filipino electrical utility. As they only provide transmission services and no generation, we exclude them.

Truong Tinh Energy is a Vietnamese electrical utility. While they claim to only use hydropower, we could find no way of verifying this, so we exclude them.

PT Sepeda Bersama is a large distributor of bicycles in Indonesia. While our climate benefits the more who ride bikes, they do not seem to do much for electric bikes which more traditionally replace fossil fuels for commutes.

Gaya Abadi Sempurna is an Indonesian producer of electric mopeds and bikes as well as LED light bulbs, both of which are important climate solutions.

TWZ is a Thai conglomerate. While they do sell electric vehicles, they make most of their revenue from smartphone sales and other electronics businesses.

Zapp Electric Vehicles is a Thai two-wheel electric vehicle company that offers a high-end, high-performance electric scooter.

GEOGRACE is a mining company based in the Philippines. It does not specifically state what it mines for, so we exclude it.

Caravelle is a shipping company based in Singapore that is creating a more economical and environmentally friendly way of drying out lumber using the waste heat from shipping it to its final destination, thus avoiding the need to burn fossil fuels to generate the heat needed to dry them otherwise.

TBK is an Indonesian mining company that focuses on the mining and production of nickel, a critical mineral for the energy transition.

PT Ifishdeco is an Indonesian miner and distributor of nickel, a critical mineral for the energy transition.

Pan Asia Metals is a Thai mining company that explores for two different critical minerals: Tungsten and Lithium.

PT Tembaga Mulia Semanan sells copper and aluminum rods. While copper is a critical mineral, copper is not, and to be included in this list, a company must generate 100% of its revenue from critical minerals.

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.

Minera Valparaiso is a Chilean electrical utility that generates all of its electricity from fossil-fuel free sources, so we include them.

Elektro Redes is a Brazilian electricity distributor. It does not own any generator, so we exclude it.

Sigma Lithium is a pure play lithium miner in Brazil.

Cox Energy America is a pure play solar developer based in Mexico with projects around Latin America.

Rio Paranapanema Energia is a Brazilian electrical utility that generates all of its electricity from hydropower, so without fossil fuels.

Eléctrica Puntilla is a Chilean electricity utility that generates all of its electricity from non-fossil fuel sources.

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

Fabrica Nacional de Acumuladores is a Peruvian provider of batteries. We could find no information of what types of batteries, so we exclude them for lack of information.

Eletrobras Participacoes is an electricity distributor in Brazil. As it does not generate any of its own electricity, we exclude it.

Aeris Industria is a Brazilian manufacturer and maintenance provider for wind turbines.

Companhia Energética de Minas Gerais is a Brazilian electrical utility that generates all of its electricity from fossil-fuel free sources: solar, wind, and hydropower.

Brookfield is an yieldco that is focused on generating electricity from renewable energy assets. 100% of its revenue comes from generating renewable power.

Tropical Battery Company only sells traditional automobile batteries which require internal combustion engine cars, so we exclude them as they have no climate solution.

Industrias del Cobre Sociedad is a Peruvian cable company that generates over half of its revenue from cables used in the electrical grid system.

Vale is a Brazilian mining company that while it does mine many critical minerals, it also mines many others like iron and gold.

Litoral Transmission is a Chilean electrical utility. They do produce power but they do not disclose how, so we do not include them.

Neoenergia operates as a Brazilian electrical utility that only generates power from fossil-fuel free sources: hydro, wind, and solar.

Rede Energia Participacoes is a large Brazilian electrical utility. They do generate electricity, but do not disclose from what sources, so we exclude them.

Invexans is a Chilean conglomerate. While they do make copper cables that can be used in expanding the grid, they also own many Shell branded gas stations in Chile. They do not disclose their revenue breakdown from each (their latest reports are from 2020).

Auren Energia is a Brazilian electrical utility that generates all of its power from fossil-fuel free sources: solar, wind, and hydropower.

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.