Global Climate Solution Stocks

2G Energy AG makes combined heat and power generators with a range of inputs, including hydrogen and biogas. But generators for these two fuel sources only made up ~20% of their overall revenue in 2022, falling short of the 50% threshold, again in our 2025 review.

While OPmobility does generate some revenue from designing electric car batteries and hybrid systems, it generates more from traditional car design activities (like automated lift gates and internal lighting), so we exclude them in our 2025 review.

Vergnet is a provider of technologies that make it easier for grids to integrate renewable power, including solutions for increasing hybrid power technologies that replace some fossil fuel use with renewables and energy storage with projects around Europe.

While HMS Bergbau does mine and refine some critical minerals, it generates a majority of its revenue from coal, so we exclude them

Exel Composites is a Finnish company that makes plastic composites for a variety of industries, but less than a majority of their revenue came from serving the wind industry and the mass transit mobility industry as of our 2025 review.

While va-Q-tec only makes insulation, a Drawdown solution, a majority of its business is for insulated packaging of food and healthcare items, rather than insulation for the built environment, again true in our 2025 review.

Terna Energy is a Greek renewable energy developer with solar, wind, biogas, and storage projects in Greece and around Europe. As of our 2025 review they have expanded to projects in North America

Eltel provides communication and electrical networks in the Nordics, but is not included because their electrical networks business only made up 38% of their revenue as of our 2025 review.

OCI, based in the Netherlands, uses hydrogen to produce two important global materials: nitrogen and ammonia for crop fertilizer and methanol which can be used in shipping. While they seem committed to transitioning to a decarbonized methods of producing such products, a majority today is produced from fossil fuels, which is true again in our 2025 review.

Andritz is an Austrian company that makes products and services for hydropower plants. But it generates more revenue from its pulp and metalworking businesses so we exclude them, as of our 2025 review.

Siemens is a large conglomerate with headquarters in Germany. As of our 2025 review, they generated about 43% from their building automation and mobility businesses (trains) but the rest is from non-climate solutions, so we exclude them.

Entech is a French company that specializes in off-grid and micro-grid applications through a range of renewable energy sources paired with energy storage, as of our 2025 review they are also expanding to the green hydrogen industry

Trane Technologies is an Irish HVAC supplier that while investing a lot in building more energy efficient heat pump HVAC systems, still generates most of its revenue from traditional HVAC technologies as of our 2025 review.

BayWa generated about 24% of their revenue from developing and owning wind and solar farms in Europe with most of their revenue coming from their other business segments like agriculture and traditional energy as of our 2025 review.

Mo-Bruk is a Polish waste management company. While they have significantly improved their environmental reporting since our first review in 2023, we still cannot confirm what % of their landfills use methane capture, so we exclude them.

Solar A/S operates out of Denmark and specializes in sourcing materials and components for construction projects. While it aims to source as many low-carbon, energy-efficient materials, such an activity is not a direct climate solution, so we exclude them. They also serve the wind industry, but a majority of their revenue comes from non-climate solution industries as of our 2025 review, so we exclude them