Global Climate Solution Stocks

ELQ is a solar developer in Poland that not only builds solar farms but also helps expand the electrical grid with electrical substations.

ML System is a Polish company that generated a majority of its revenue from solar panels, solar rooftop tiles, and high quality, insulating glass, as well as dynamic glass, all of which are climate solutions again in our 2025 review.

hGears is a German company that generated over half of its revenue from building electric mobility drive systems for electric cars and two-wheelers and electric tools that replace the need for fossil fuels in things like weed wackers and lawnmowers again in our 2025 review.

Grenergy Renovables is a Spanish developer of renewable energy with wind and solar projects spread throughout Europe and the Americas

Thyssenkrupp is a German industrial conglomerate that engages in a number of climate solutions like building bearings for wind turbines and producing green hydrogen, but as of our 2025 review, these only represented 11% of their revenue, so we exclude them.

Energy Solar Tech is a Spanish solar developer that owns and operates projects in Spain. As of our 2025 review they also develop wind farms.

Newag is a Polish train manufacturer that generated over half its revenue from selling electric and passenger trains, thus enabling the climate solutions of electrified trains and mass transit, which again is the case in our 2025 review.

Energia is a solar energy developer based in Spain. As of our 2025 review, they also develop wind and energy storage plants too.

While Subsea does generate revenue from serving the offshore wind industry, it generates more from serving the offshore oil and gas industry.

Corbion, operating out of the Netherlands, makes a number of bio-based products using fermentation that serve as ingredients to help preserve food longer, thus enabling the climate solution of reducing food waste. They also make a number of algae-based products that replace the need for animal-based food products, again passing in our 2025 review.

Onde is a renewable energy developer operating out of Poland that also generates some revenue from building and maintaining roadways

EcoRub makes a range of products from used tires, thus helping remove the need for raw materials in new tires and a range of other industries. As of our 2025 review, they are not a pure play as they also make some revenue from 3D printing services.

Norditek is a Swedish developer of a range of machines that are used in waste management and recycling with their speciality being machines that separate waste streams into distinct categories so they can be more easily sorted and recycled.

EDP is a renewable energy developer based in Spain with projects around the world, from South America to SE Asia.

Encavis is a solar and wind energy developer based in Germany with over 230 solar parks and 90 wind farms in its portfolio.

Ferroamp is a Swedish company that helps homeowners and building owners integrate solar and optimize energy use, both important climate solutions.

Neoen is a large renewable and energy storage developer in France with projects all around the globe.

Grupa Recykl is a Polish tire recycling company that takes used automotive tires and recycles them so they can be reused into new products. As of our 2025 review, 100% of their revenue comes from these activities, so we move them to pure play.

Turbo Energy is a Spanish company that specializes in providing hardware and software for the solar and energy storage industry, helping both run more efficiently.

While STS provides covers for electrical batteries, it generates most of its revenue from non-climate solution specific automotive parts as of our 2025 review.

Dizon Copper-Silver mines has not started extracting minerals, so we do not know their breakdown of revenue

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Zixin specializes in providing sweet potato packaged snacks like potato sticks. While these are plant-based foods, they do not directly replace animal-based products, so we exclude them

Khanh Hoa Power is a Vietnamese utility that generates its power from hydropower, a carbon-free source

St. Augustine extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Construction and Investment is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

IDI International is a fish production company. They generate more of their revenue from producing feed and fish meal however, which are not directly related to improved fisheries, so we exclude them for now.

Ha Giang Mineral seems to only produce purified antimony which is not listed as a critical mineral for the energy transition.

Philex Mining extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Atlantis Subsea Indonesia provides underwater services for the wind industry, but generates the majority of their revenue from providing such services to the oil and gas industry.

Gelex Electricity is a Vietnamese producer of a variety of products from wiring to transformers that are used to expand the electrical grid.

GPP Resources generates most of their revenue from providing biogas and biomass reactors for palm oil farms in SE Asia. We do not consider biomass a climate solution and they do not breakdown their revenue from each category, so we exclude them.

Make To Win is a Thai manufacturer that generated 89% of its revenue from selling electric motorcycles.

Thai Agro Energy makes ethanol based biofuels. We do not consider ethanol biofuels to be a climate solution unless they are derived from waste products.

Asiamet Resources is an Indonesian mining company that generates most of its revenue from extracting critical minerals like copper and zinc.

Light Up Total Solutions is a Thai provider of LED lights that enable users in Thailand to get the same light with far less electricity.

Swift Energy is a relatively new public company. They make process and control systems for a number of industries including both oil and gas and renewables. They do not provide an industry breakdown (yet), so we exclude them for now.

MAG Holdings owns two Malaysian shrimp farms. They say they are in process of installing floating solar panels on their farms, so the farms would not need to run on diesel generators. When this happens, we will include them.

Manila Mining Corporation explores for a critical mineral, copper, but generates most of its revenue from gold and silver which are not critical minerals.

VMS Industries is a shipbreaker in India. They take old ships and recycle them so that their metals can be used again in new ships and other products.

Inox Wind specializes in manufacturing and selling wind turbine towers in India, enabling the grid to run more on wind and less on fossil fuels.

Waaree Renewable Tech offers a variety of solar panel configurations for customers in India, enabling more of India to run on sunshine.

BCPL Railway Infrastructure specializes in electrifying Indian railways, enabling trains to run without directly burning fossil fuels. They also provide services to expand the electrical grid, another key climate solution

V-Marc India specializes in manufacturing cables that are used to expand the electrical grid and enable the electrification of everything.

Jagan Lamps specializes in automotive light bulbs, which is not a climate solution. They do offer electric bikes, but this seems to be a small part of their overall revenue.

Premier Energies is an Indian manufacturer of solar cells and systems, providing panels and a number of solar solutions like solar lanterns in India.

Parmeshwar Metal specializes in manufacturing copper wires that are primarily used in electricity transmission, a key part of the electrification of everything.

Indiabulls Enterprises seems to seek to offer LED lighting, but it's unclear if they do as they have not posted financials. They also seem to be prioritizing other non climate solution industries like construction, so we exclude them.

Sunlite Industries specializes in refining copper into wires and rods so that it can be used in the electrical system. They also recycle copper.

Karma Energy owns a wind farm and hydropower plant in India, enabling the grid to run a little bit less on fossil fuels.

Adani Power is a very large Indian utility that generates almost all of its electricity from coal, so we exclude them.

Promax Power is an Indian construction firm that generated a majority of its revenue from construction projects related to expanding the grid and renewable energy, both climate solutions.

Gayatri Projects is an Indian construction firm focused on public works. While it does generate some revenue from railways, which is a mass transit solution, it generates more from roadways, airports, and buildings which are not direct climate solutions.

Kernex is a software provider that makes safety software and hardware for trains. While this is important, scaling Kernex would not directly result in more climate mitigation, so we exclude them as too secondary to the main solution of expanding mass transit.

Refex Renewables is an Indian pure play provider of solar systems in India from residential to utility.

Dhanashree Electronics specializes in provider LED light applications for home, office, and industrial use, helping reduce the amount of energy needed to light a space.

Kritika Wires builds a variety of wires from steel. While some are used for electrical grid, others are clearly not, like barbed wire. They do not provide a revenue breakdown per segment, so we exclude them

Apex Frozen food is a vertically integrated shrimp aquaculture company in India. They do own farms, but it is unclear if they are taking any activities to improve the efficiency of these farms beyond industry standard, so we exclude them.

Frontline Corporation generated about 2% of their revenue from wind energy with the rest from trading of auto parts and operating gas stations, so we exclude them

TotalEnergies is a Senegalese company that offers fuel, gas, and solar lamps. We dug into them for the latter, but they generate most of their revenue from fossil fuels, so we exclude them.

Societe Tunisienne de Verreries is a Tunisian manufacturer of glass bottles. While high performance glass windows are a climate solution as they help better insulate buildings, glass bottles are not.

Multiverse Minerals is a Nigerian mining company that does extract some minerals critical for the energy transition, but generates most of its revenue from other minerals like gold.

CEC African Investment invests into many power plants in Africa. They have not updated their materials since 2021, so we cannot accurately determine their mix of zero carbon vs. fossil fuel generated electricity.

The Egyptian Company for Construction Development generates some of its revenue from building electrical transmission lines (a climate solution) but a majority from building and maintaining desalination plants, an important service, but not a climate solution

Auto Nejma Maroc is a Moroccan provider of heavy duty vehicles. They are all ICE vehicles and offer no electrified alternatives.

While Gold Fields Limited does explore for some critical minerals like copper, it generates a majority of its revenue from, well Gold, which is not a critical mineral for the energy transition.

Transcorp Power is a Nigerian electricity provider. They provide their electricity from a gas plant, so we exclude them

Sappi Limited is a South African paper and cardboard manufacturer. While they do integrate recycled pulp into their process it is less than 50%, leading to us to exclude them

Gadwa for Industrial Development is an Egyptian company owned by AMG, a Saudi Arabian Conglomerate. They report to make cables but show no information on whether they are high-voltage electrical cables for the grid or low-voltage for electronics or residential use, so we exclude them for lacking information.

Travaux Généraux de Construction de Casablanca is a Moroccan general construction company. While they have done some work on solar systems, the vast majority of their revenue comes from traditional construction activities.

While Impala Platinum does explore for some critical minerals like copper, it generates a majority of its revenue from, well Platinum, which is not a critical mineral for the energy transition.

John Holt is a Nigerian company that generates a majority of its revenue from distributing power generation systems that are almost all diesel generators. They also generate revenue from boats and firefighting equipment, neither of which are climate solutions.

One Tech Holdings is a Tunisian electronics conglomerate. While they do make some products for the electrical grid, the majority of their revenue comes from traditional electronics manufacturing like circuit boards.

While RioZim does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.

While African Rainbow does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.

KenGen is a Kenyan utility that sources 86% of its electricity from zero carbon sources like hydro, geothermal, and wind.

Aveng Limited is a South African construction firm. While they do engage in a few climate solution areas like rail and electrical grids, they generate a majority of their revenue from non-climate solution construction like buildings and roadways.

While Wesizwe Platinum does explore for some critical minerals like copper and cobalt, it generates a majority of its revenue from precious minerals like platinum and gold

While Exxaro Resources does operate two wind farms in South Africa, it generates a majority of its revenue from extracting coal.

ForRich is a Jamaican lighting and electrical services company. They provide energy efficient lighting, solar systems, and grid connection services to businesses in Jamaica, thus enabling more processes to run on electricity instead of fossil fuels

Salmones Camanchaca is a Chilean provider of farmed salmon. They track the efficiency of their fisheries to improve energy usage and reduce climate impacts, enabling them to make more protein with fewer resources.

Grupo Energia Bogota is a Columbian electrical utility that does not publish their electrical generation mix, so we exclude them

ISA Energia Brasil specializes in building high transmission power line projects that expand the electrical grid, an important-precursor to the electrification of everything

Equatorial Pará Distribuidora de Energia is a Brazilian utility that does not disclose their full electricity generation mix, so we exclude them

Wetzel is a Brazilian provider of Industrial LEDs as well as automotive parts and materials for low-voltage electrical installations. They do not disclose how much of their revenue they make from their LED business in their investor relations, so we exclude them

Conciviles is a Colombian construction company. While they do help build electrical transmission systems, an important climate solution, they generate more of their revenue from constructing roads and buildings.

Enel Generacion Piura is a Peruvian electric utility that generates most of its electricity from thermal sources, so we exclude them

Enel Generación Chile is a Chilean utility that generates almost 40% of its power from thermal sources, so we exclude them

Light is a Brazilian utility that generates all of its electricity from renewable assets

Monteiro Aranha is a Brazilian conglomerate involved in the paper, petrochemical, and real estate industries. While they do make some revenue from recycling paper, it is much less than half.

Companie de Electricidad de Tulua is a Columbian utility that generates power from multiple sources, including thermal. We could not find any publication of the exact mix of their sources however, so we exclude them

Natluk is an Ecuadorian company that provides wild and farm-raised shrimp. While more efficient fisheries are a climate solution, we could find no indication that Natluk was instituting any practices that would achieve this

COPEL is a Brazilian utility that generates 100% of its electricity from zero-carbon sources like hydro, solar, and wind

Irani is a large Brazilian paper and cardboard company. While they do seek to source their paper from sustainably managed forests, scaling paper and cardboard production will not mitigate climate change. They do generate some revenue from recycling, but it is a small amount, so we exclude them

Klabin is a large Brazilian paper and cardboard company. While we commend them for their efforts in sustainable forest management, the only climate solution they participate in directly is recycling, which makes up less than half of their revenue

Tecnoglass is a Columbian company that generates all of its revenue from providing high performance glass for buildings that enable them to keep a stable internal temperature with less energy

Rumo is a large Brazilian rail freight shipping company. They neither participate in passenger trains (mass transit) not seem to be investing in electrifying their train fleet, so we exclude them

Blumar is a Chilean provider of farm raised salmon. While making aquaculture more efficient is an important climate solution, we could not find any evidence that Blumar was investing in any activities beyond industry standard.

Ambipar is a Brazilian conglomerate that does emergency response, waste management, and risk planning. They do not generate a majority of their revenue from waste management with methane capture, so we exclude them

As of 2025, Guangdong Jiayan specializes in making thin copper foils that are used in lithium ion batteries for the EV and energy storage supply chains.

Yingkou Jinchen is a solar manufacturing company in China that specializes in various parts of the solar manufacturing process that help make solar panels robust and able to operate in the field for decades. In our 2025 review, we note they also have expanded into hydrogen electrolyzer production, another key climate solution.

As of 2025, Flat Glass Group is a Chinese manufacturer of various types of glass including glass for solar panels, dynamic glass that will dim when exposed to the sun, and high-performance glass that helps keep buildings insulated, all important climate solutions.

China Yangtze Power Co owns, operates, and invests in hydropower projects in China and around the world. Their projects generate electricity without burning fossil fuels. They also have biodigester plants that capture methane and turn it into electricity.

Ming Yang Smart Energy Group produces wind turbines and solar panels, and as of our 2025 review, they also have innovated in aquaculture, adding fish rearing into their wind turbines.

NYOCOR is a Chinese developer of solar and wind projects for the domestic market, thus helping more of China run on zero-carbon energy. Since we first evaluated in 2023, they have also expanded into energy storage, another key climate solution.

As of 2025, Huaneng Lancang River Hydropower is a Chinese developer of hydropower projects, an important source of zero-carbon energy. It also develops wind and solar projects.

NARI is a Chinese provider of smart grid technologies that enable the electrical grid to handle and distribute electricity with greater efficiency. They also make some of their revenue from automation and monitoring technologies for other industries

Shenzhen SC New Energy Technology builds the machines that enable nearly 300 solar cell manufacturers to run around the world.

Ginlong is a Chinese manufacturer that makes all of its revenue from electricity inverters that are used to transform power captured by solar panels into usable electricity for the power grid.

Windey Energy generates its revenue from manufacturing wind turbines while also developing their own wind projects and energy storage projects as well as software built for the wind energy industry.

Suzhou Maxwell is a Chinese company that specializes in building solar cells and other components that are used in solar panels. They also make machines for the semiconductor industry.

Again in 2025, Shenzhen Senior Technology generates a majority of its revenue from building and manufacturing components for lithium-ion batteries, an important climate solution.

Kedali is a Chinese manufacturer of batteries and auto-parts. While they do sell auto-parts for traditional ICE cars, they generate a majority of their revenue from EV parts, and as of 2025, specifically batteries.

LEAD specializes in automated manufacturing processes and, in 2025, continues to generate a majority of their revenue from manufacturing parts, components, and processes for the EV and solar industries.

Capchem is a Chinese chemical company that makes over two thirds of its revenue from selling chemicals that are used in lithium ion batteries, a key climate solution.

Eve Energy is a Chinese manufacturer of lithium batteries that are used for both energy storage and powering of devices that enable the automation of buildings and smart meters to more efficiently use electricity. They also make lithium ion batteries for consumer use, which is not necessarily a climate solution.

As in 2023, in 2025, China Southern Power Grid Energy Efficiency generates a majority of its revenue from identifying areas that electricity users could be more energy efficient. Identifying and fixing such opportunities is an important climate solution as demand for electricity grows, it must be used as efficiently as possible.

Wuhan Sanzhen is a water distribution and wastewater processing company in China, neither of which are climate solutions. They make a majority of their revenue from providing tap water and they do not report any water conservation strategies beyond industry standard.

Landscaping is not a climate solution and is different than restoring land to a natural state and Palm Eco-Town generates over 90% of its revenue from doing landscaping design for homes, apartments, and buildings.