Global Climate Solution Stocks

Clover Power is a Thai utility that generates most of its power from biomass and natural gas, neither of which we label as climate solutions in 2025.

SC Estate Builder has bold ambitions for building renewable energy in Malaysia, but in digging through their financials, it is unclear to us if they have actually generate any revenue from such activities.

Ho Way Genting makes cables, but they are all for small electronics, not for the grid. They also engage in investment and medical research, neither of which are climate solutions.

Klinko is an Indonesian manufacturer that uses recycled textile waste to create cleaning products like mops and absorbent pads.

Fitters Diversified is a Malaysian firm that generates more revenue from its fire prevention and real estate management businesses than renewable energy.

Phoenix Plus Corp is a Malaysian solar development firm that builds, operates, and maintains solar farms.

Founder Group is a Malaysian solar developer that builds and installs solar farms in the country.

Winstar Capital is a Malaysian aluminum manufacturer. While they do make some revenue from renewables directly and building aluminum frames for renewables, they generate more revenue from building aluminum step ladders, which is not a climate solution.

CK Power is a Thai utility that generates majority of its power from clean sources like hydro, wind, and solar

Sheffield Green is a Singapore firm that specializes in recruiting and training individuals to work in renewables and green energy.

SCI is a Vietnamese construction firm that specializes in hydro, wind, and solar power plants

Vinh Son - Song Hing is a Vietnamese company that generates a majority of its revenue from building and maintaining hydroelectric plants, a carbon-free source of electricity.

GELEX is a Vietnamese manufacturer of various products used in the electrical grid like wiring and transformers.

CPT Drives and Power is a Thai construction and engineering firm that specializes in expanding the grid and getting industrial buildings electrified.

Agung Menjangan is an Indonesian firm that prepares shrimp ponds for animals, maintains water quality, and then harvests. From what we can tell, they are not implementing any novel technology to improve energy efficiency, so we exclude them.

United U-Li is a Malaysian manufacturer of cables, LED lighting, and cable installation materials that enable the grid to expand and the electrification of everything.

Central Proteina generates a majority of its revenue from fish feeds for aquaculture, with only a small portion from aquaculture itself, so we exclude them.

Global Green Chemicals is a Thai company that makes a few biodiesel products from raw ingredients like palm oil. We only consider biodiesel made from waste ingredients to be a climate solution, so we exclude them

Master Tec Group is a Malaysian producer and distributor of power cables that are used to expand the electrical grid, a key part of the energy transition

Absolute Clean Energy is a Thai company that generated 57% of its revenue from biomass power, which we do not consider a climate solution, and 34% from gas power, so we exclude them