Global Climate Solution Stocks

NIBE is a Swedish producer of energy saving equipment that makes a majority of its revenue from climate solutions like heat pumps and building automation, enabling buildings to maintain a stable internal temperature with less energy.

While Refine Group seems to have previously focused on second-hand e-commerce, they now seem focused purely on generic e-commerce logistics, so we exclude them as of our 2025 review.

Inwido is the largest provider of contemporary, high performing windows in Europe that enable buildings there to maintain a more stable internal temperature with less energy.

Gullberg & Jansson is a Swedish company that makes a variety of products for swimming pools. While they do make a heat pump for pools that enables pools to be heated with less energy, they generate more revenue from their other suite of non-climate solution products

AB Electrolux makes a range of household appliances with only a small fraction coming from heat pumps, the climate solution as of our 2025 review.

OXE Marine is a Swedish manufacturer of diesel outrigger motors. While they do offer an electrical hybrid version, they still generate a majority of their revenue from the diesel version as of our 2025 review.

Gruvaktiebolaget Viscaria is a Swedish mining company that primarily extracts copper, a critical mineral for the energy transition

QBEN is a Swedish holding company that owns 20 construction firms focusing on different industries. One is electrical grids, but they do not cumulatively generate more than 50% of the firm's total revenue as of our 2025 review.

Enertronica Santerno is an Italian construction firm that focuses primarily on solar plants, helping the Italian grid run more on sunshine.

Lovisagruvan is a Swedish mining company that extracts zinc, lead, and silver. They do not provide a revenue breakdown of each that we can find as of our 2025 review.

Zoomability makes an electric wheelchair that can go offroad. As this does not replace a use for fossil fuels (any non human-powered wheelchairs are electric), we exclude them, again in our 2025 review.

Elektro is a Slovenian electricity producer that generates most of their electricity from hydropower and solar with some from natural gas cogeneration plants which are amongst the most energy efficient fossil fuel plants, so we include them as of our 2025 review.

Elektro Ljubljana is an electricity distributor in Slovenia. While maintaining the electrical grid is important, it is unclear to what extent they are expanding the electrical grid, so we exclude them.

Elektro is a Slovenian utility that generates all of its power from solar and hydropower, both carbon free sources of electricity.

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

Tab is a Slovenian battery producer that generates more of their revenue from automotive starter batteries than energy storage batteries.