Global Climate Solution Stocks

Ngenic is a Swedish provider of software that generates most of their revenue from products that are built to automate heating and cooling of air or water. They also make some revenue from a product for roommates to split rent, which is not a climate solution.

Veganz is a German producer of plant-based foods with a variety of vegan alternatives for traditional meat products like bacon or sushi.

Martifer is a Portuguese construction company that does build solar and wind farms, but generates a majority of their revenue from constructing buildings and ships, as of our 2025 review.

Duro Felguera is a Spanish construction firm that builds power plants and energy projects. They only generated 1.5% of their revenue from renewable energy in our 2025 review, so we exclude them.

Windon Energy builds solar systems from panels to inverters and is based in Sweden

Alerion is a pure play solar and wind developer that builds and owns wind projects in Italy

Engie is a large French utility and energy developer. While they look to aggressively be seeking to decarbonize their portfolio and engage in a number of decarbonization activities, they still generate most of their electricity from coal and gas, so we exclude them for now.

While Industrial Holding Bulgaria does generate some revenue from ship reconstruction, a form of recycling, it generates most of its revenue from traditional ship maintenance activities, which are not climate solutions.

Murphy & Spitz Green Capital is a renewable energy developer in Germany that buys and operates clean energy systems.

Glass to Power is looking to commercialize a lab-based innovation that would enable normal windows to generate solar power without degrading the internal experience, which we found again in our 2025 review.

Groupe Okwind is a French provider of solar trackers that optimize the energy output of solar panels as well as other energy-related services

Varta is a German battery producer that makes many lithium ion batteries including those for energy storage, but most are for other uses like household appliances, as of our 2025 review.

Kostad is an Austrian holding company that owns an electric vehicle charging company, which again is true in our 2025 review.

Seri Industrial is an Italian company that specializes in recycling plastic for a variety of uses, largely in the battery space.

Energiekontor is a German wind and solar developer with over a 40 farms in operation around the world.

Cadeler is based in Denmark and generates revenue from building, maintaining, and operating offshore wind turbines.

Sif is a Dutch company that specializes in building the structures for offshore wind turbines as well as providing support and maintenance services.

Compagnie de l'Odet is a large French conglomerate that owns some energy storage companies but generates a majority of its revenue from shipping and logistics and entertainment as of our 2025 review.

Corticeira Amorim is a Portuguese cork farming company. Cork is a highly sustainable material as it can be harvested while keeping the trees in tact and healthy and the unique properties of cork make it a valuable product in many industrial applications

While Ellwee does make an electric four-wheeled electric vehicle its main market seems to be replacing golf carts which are already electric, so they are not actually leading to an emissions reduction, as of our 2025 review