Climate Solution Stocks

A. O. Smith

Lacked Sufficient Information

AO Smith sells water heaters, boilers, and water treatment products, but not water leak detection solutions, so they don√ït contribute to any climate solutions.

Solar Water

AAON

Passed Revenue Filter

AAON sells geothermal/water-source heat pumps a key technology for making buildings electrified and more energy efficient.

0.48%

Geothermal

ABB

Passed Revenue Filter

ABB makes 65.5% of its revenue from grid flexibility and EV infrastructure by selling substation packages and charging infrastructure.

5.00%

Grid Expansion

Abbvie

Failed Contraceptive Filter

Abbvie makes lo loestrin, an oral contraceptive. But lo loestrin makes up less than 1% of its total net revenue, which means it fails our contraceptives filter.

Contraceptives

Acuity Brands

Passed Revenue Filter

Acuity makes LED lights for commercial, architectural, and specialty applications. Acuity also makes building efficiency and building automation products.

0.71%

LED

ADS-TEC Energy PLC

Pure play

ADS-TEC Energy is an EV infrastructure pure play. ADS-TEC Energy's ChargeBox is a fast charging solution for EVs with up to 320 KW charging power.

0.02%

Advent Technologies Holdings

Advanced Drainage Systems

No Drawdown Solution

Advanced Drainage Systems sells water management solutions in the stormwater and on-site septic wastewater industries. They don√ït make leak detection solutions, so they don√ït contribute to any climate solutions.

Water Distribution

Advanced Energy Industries

No Drawdown Solution

Advanced Energy used to make energy storage solutions, but sold that business in May 2019 and therefore no longer makes a climate solution.

Energy Storage

Pure Play

Advent sells components that improve the performance of hydrogen fuel cells for the aviation, automotive, and other markets.

0.01%

Hydrogen

AECOM

Failed Revenue Filter

Aecom provides infrastructure consulting services for developing fuel cell, solar/wind infrastructure, and EV infrastructure, but these only account for 3% of its revenue.

Net-zero building

Aemetis

Failed Biofuel Filter

Aemetic makes ethanol from corn or biomass (it√ïs not clear which is more) and pipeline-quality renewable natural gas from dairy manure. Since most of its revenue comes from ethanol, which is not an advanced biofuel, it fails out biofuel filter.

Biomass

Agile Therapeutics

Pure Play

Agile generates 100% of its revenue from a prescription combination hormonal contraceptive patch, which contributes to the climate solution of women's access to health care.

0.00%

Women's access to health care

Agilent Technologies Inc

No Drawdown Solution

Agilent√ïs instruments, software and workflow solutions are used in the environmental market, but none of them are climate solutions.

Water Distribution

Agrify

Lacked Sufficient Information

Agrify sells LED grow lights amongst other business activities, but don√ït provide a revenue breakdown, thus are excluded for lack of sufficient information.

LED

AgroFresh Solutions

Pure Play

Agrofresh sells products like packaging solutions that extend the shelf life of food and help decrease food waste.

0.02%

Food Waste

Albemarle

Failed Revenue Filter

Albemarle makes lithium compounds that promote energy storage. But 55% of its revenue comes from chemical products for the oil and gas industry, so it fails our revenue filter.

Energy Storage

Algoma Steel Group Inc.

No Drawdown Solution

Algoma is a steel manufacturer. While they are constructing 2 state-of-the-art electric arc furnaces to replace its existing blast furnace steelmaking operations, as of 2022, they are not yet operational.

Arc Smelting

Algonquin Power & Utilities

Failed Utility Filter

Algonquin is an energy utility whose revenue mostly comes from transmission and distribution. Most of the electricity they transmit, however, is not from clean sources, so it fails our utility filter.

Electrical Utility

Allego N.V.

Pure Play

Allegro is an EV infrastructure pure play that operatse one of the largest pan-European EV public charging networks.

0.12%

Allegro Microsystems

Failed Revenue Filter

Allegro makes LED driver integrated circuits with LED lighting application, but 69% of its revenue comes from selling products to the internal combustion engine automotive market, so it fails the revenue filter.

LED

ALLETE

Failed Coal Plant Filter

Allete is a holding company whose subsidiaries operate power plants. While one subsidiary owns wind farms, another √ê Minnesota Power √ê owns coal-fired units which it won√ït retire until 2035. It fails our coal filter.

Electrical Utility

Alliant Energy

Failed Utility Filter

Alliant is an electric utility company that produce 70% of its power from fossil fuels, including coal. It fails our utility and coal filter.

Electrical Utility

Altus Power, Inc.

Pure Play

Altus Power is a clean electricity generation pure play. Because all of its revenue comes from clean electricity, we include it in the Climate Index.

0.13%

Electrical Utility

Ameren

Lacked Sufficient Information

Ameren is a power utility. It don√ït provide enough information about its sources of power generation. We exclude Ameren for lack of sufficient information.

Electrical Utility

Ameresco

Pure Play

Ameresco makes buildings more energy efficient, builds renewable power plants, sells solar PV products, and owns a wind power project.

0.31%

Retrofit

American Electric Power

Failed Utility Filter

American Electric Power is a utility that produces 70% of its power from coal and natural gas, and the rest from clean sources. It fails our utility and coal filters.

Electrical Utility

American Water Works Company Inc

No Drawdown Solution

Allegro is an EV infrastructure pure play. It operate one of the largest pan-European EV public charging networks.

Water Distribution

Amtech Systems

Lacked Sufficient Information

Amtech makes semiconductor equipment with a wide range of applications, including LEDs. But it√ïs not clear how much of its revenue comes from LED lighting. We exclude them for lack of sufficient information.

LED

Apogee Enterprises

Passed Revenue Filter

Apogee makes high-performance glass and related products that enhance the energy efficiency of buildings.

0.12%

High Performance Glass

Appharvest Inc

No Drawdown Solution

AppHarvest develops and operates high-tech indoor farms. While indoor farming may be a climate adaptation solution, it is unclear to what degree it reduces emissions and mitigates climate change.

Plant-based diet

Applied Materials

No Drawdown Solution

Applied Materials makes LEDs and solar PVs. But most of its LEDs are for displays, and Climate solutions only account for less than 1% of its total revenue. It fails our revenue filter.

LED

Aqua Metals

Pure Play

Aqua recycles lead that is primarily used in lead acid batteries, which promotes the circular economy

0.01%

AquaBounty Technologies, Inc.

No Drawdown Solution

AquaBounty uses genetic engineering and on-land aquaculture to produce salmon. But they don√ït take steps to reduce its emissions, so they don√ït count as the Climate solution of improved aquaculture.

Improved Aquaculture

Archaea Energy Inc

Aquired

Archea Energy is a pure play in methane capture. They capture landfill gas and convert it into low-carbon renewable natural gas and electricity. It was aquired by BP

Methane capture

Archer Aviation Inc.

Pure Play

Archer Aviation is an electric aviation pure play that is designing an electric aircraft for use in future urban air mobility networks and reduce the need for fossil-fuel powered air transport.

0.08%

Electric Aviation

Arcimoto

Pure Play

Arcimoto is known for making 3-wheeled EVs, such as an all-electric rapid response vehicle for emergency services and an EV for last-mile delivery.

0.00%

Arcosa

Lacked Sufficient Information

Arcosa builds structural wind towers in the US and Mexico, but they also sell a range of products to the fossil fuel industry. Since Arcosa don√ït provide a revenue breakdown between these segments, we exclude it for lack of sufficient information

Wind Turbines

Argan

Failed Revenue Filter

Argan√ïs subsidiary Gemma offers clean power generation but also fossil fuel-based power plant. Its gas-fired power plant is much bigger than its clean power generation.

Biomass

Array Technologies

Pure Play

Array sells solar tracking systems that use machine learning to identify the best positioning for a solar array to increase energy production.

0.35%

Arrival

Pure Play

Arrival is a pure play that builds electric vans and buses.

0.02%

Atlantica Sustainable Infrastructure

Aspen Aerogels, Inc.

Failed Revenue Filter

Aspen Aerogels make aerogel materials used in the energy infrastructure, building materials and EV markets. But its main end-markets are fossil fuel plants, thus failing the revenue filter.

Insulation

Atlantic Power

Failed Utility Filter

Atlantic produces 70% of its power from fossil fuels, so it fails our utility filter. In 2021, it was acquired by I Squared Capital.

Electrical Utility

Passed Utility Filter

Stem helps buildings to switch from onsite, to stored, to grid electricity with an AI-powered platform.

0.36%

Atlas Technical Consultants

Failed Revenue Filter

Atlas Technical makes water leak detection and repair solutions, but it doesn√ït provide a revenue breakdown. It√ïs likely that these Climate solutions are less than 50% of its total revenue. We exclude them for lack of sufficient information.

Water Distribution

ATRenew Inc.

Pure Play

ATRenew is a platform where pre-owned consumer electronics (mostly mobile phones) are bought and sold. This is a pure play that contributes to the climate solution of recycling.

0.07%

Recycling

AudioCodes

Pure Play

AudioCode sells software and productivity solutions for virtual work environments, enabling people to collaborate without the need of physical travel.

0.06%

Austin Gold Corp.

Failed mining Filter

Austin Gold Corp., a gold exploration company, focuses on the exploration of mineral property interests in Nevada. It is pre-revenue but since its focus is gold, a non-critical mineral, it is excluded

Critical Minerals

Avangrid

Failed Utility Filter

Avangrid is an energy utility that generates mostly renewable energy. However most of its revenue comes from tramission of eletricity with aproximately half of that being clean. In addition ~20% of its revenue from the sale of natural gas.

Electrical Utility

Avista

Failed Utility Filter

Avista is an electric utility that produces most of its power from clean sources. But 13% of its power comes from coal with no plans for its retirement in the next 3 years. It fails our coal filter.

Electrical Utility

AXT

Lacked Sufficient Information

AXT makes semiconductor substrates used in LEDs, thermal imaging, and autonomous vehicles. They don√ït give a precise revenue breakdown, so we exclude them for lack of sufficient information.

LED

Ayro

Pure Play

Ayro is a pure play in EVs for last-mile delivery, which can access tight areas like university paths and business parks.

0.00%

Azure Power Global Limited

Passed Utility Filter

Azure Power is an electric utility that is focused on generating clean electricity. 100% of its revenue comes from generating renewable power.

0.03%

AZZ

No Drawdown Solution

AZZ is a metal fabrication company that used to have a nuclear logistics business. But it sold this business in 2020 and no longer produces a climate solution.

Nuclear Power

Babcock & Wilcox Enterprises

Failed Revenue Filter

Babcock & Wilcox makes waste-to-energy and biomass solutions. It also offers carbon capture technologies but without storage, which we consider fossil fuel revenue. Its largest revenue source is products for the oil & gas sectors, failing our revenue filter.

Waste to Energy

Badger Meter

Passed Revenue Filter

Badger makes >50% of its revenue from selling water meters that can help water utilities detect leaks, an important climate solution.

0.40%

Water Distribution

Ballard Power Systems

Pure Play

Ballard sells proton exchange membrane fuel cells to transit but, rail, and critical infrastructure industries that can enable them to run without carbon emissions

0.20%

Hydrogen

Beacon Roofing Supply

Passed Revenue Filter

Beacon sells and distributes insulation products, solar paneling, solar inverters and solar panels mounting hardware.

0.45%

Insulation

Beam Global

Pure Play

Beam Global sells EV charging solutions that use solar power and battery storage to power themselves.

0.02%

Belden

No Drawdown Solution

Belden sells basic connectivity solutions for energy and telecom, but it doesn√ït make products designed to strengthen and expand the electrical grid. They therefore don√ït offer any climate solutions.

Building Automation

Benson Hill, Inc.

Failed Exclusionary Filter

Benson Hill grows ultra-high protein soy and yellow beans as protein ingredients, animal feed and vegetable oils. They contribute toward the Climate solution of perennial staple crops and they derive 61.5% of its revenue from this solution.

Perennial Staple Crop

Beyond Meat

Pure Play

Beyond Meat sells various plant-based meat products that reduce the demand for traditional animal-based meat.

0.13%

Plant-based diet

Bioceres Crop Solutions

No Drawdown Solution

Acuity makes LED lights for commercial, architectural, and specialty applications. It also makes building efficiency and building automation products.

Food Waste

Bird Global Inc

Pure Play

Bird is an electric scooter pure play, that sells e-scooters designed for short-term rental to over 400 cities.

0.01%

Electric Two Wheelers

Black Hills

Failed Utility Filter

#N/A

Electrical Utility

Blink Charging

Pure Play

Blink operates a wide network of EV charging stations.

0.07%

Bloom Energy

Failed Revenue Filter

Bloom Energy√ïs energy servers can operate on both hydrogen and biogas, but most of them use natural gas as its fuel. We consider this fossil fuel revenue.

Fuel Cells

BorgWarner

Failed Revenue Filter

BorgWarner makes some solutions for EVs but makes a much larger portion of its revenue from traditional internal combustion vehicles. It fails our revenue filter.

Electric Car

Brenmiller Energy Ltd

Lacked Sufficient Information

Brenmiller makes heat battery based on natural crushed rocks, but were excluded because it has been on the market for less than 6 months

Electrical Utility

Broadwind

Passed Revenue Filter

Broadwind makes 70% of its revenue by selling steel towers and adapters to wind turbine manufacturers.

0.01%

Wind Turbines

Brookfield Infrastructure Partners

Lacked Sufficient Information

Belden sells basic connectivity solutions for energy and telecom, but it doesn√ït make products designed to strengthen and expand the electrical grid. It therefore don√ït offer any climate solutions.

Electrical Utility

Brookfield Renewable

Passed Utility Filter

Brookfield is an yieldco that is focused on generating electricity from renewable energy assets. 100% of its revenue comes from generating renewable power.

0.58%

Burcon NutraScience

Delisted

Burcon makes plant-based products like plant proteins and dairy alternatives that reduce demand for animal-based foods.

Plant-based diet

BWX Technologies

Failed Defense Filter

BWX performs fabrication activities for missile launch tubes for US submarines, which fail our defense filter.

Nuclear Power

California Water Service Group

No Drawdown Solution

CWS provides utility services, mostly storage, treatment, testing and distribution of water. They don√ït offer water leak detection or efficiency solutions, so they don√ït contribute toward Climate Solutions.

Water Distribution

Cameco

Pure Play

Cameco mines and sells uranium for the purposes of nuclear fuel production.

1.39%

Canadian Solar

Pure Play

Canadian Solar sells solar ingots, wafers, cells, modules, panels and other solar power products as well as battery storage products.

0.28%

Canoo

Pure Play

Canoo is a pure play that makes electric delivery and multi-purpose vehicles, including an electric skateboard.

0.04%

Capstone Green Energy

Failed Revenue Filter

Capstone Green Energy sells microgrid solutions, but this accounts for only 1% of its total revenue. The rest is from fossil fuel-based microturbines used in fossil fuel industries.

Microgrid

Carlisle Companies

Failed Defense Filter

Carlisle makes building products, including building envelope products and energy-efficiency solutions. But it also sells high-performance wire and cable, with in-flight connectivity applications for military aircrafts. It therefore fails our defense filter.

Net-zero building

Carrier Global

Passed Revenue Filter

Carrier sells HVAC products including high-efficiency heat pumps, a technology necessary for electrifying and energy retrofitting buildings.

4.20%

Heat Pumps

Casella Waste Systems

Failed Landfill Filter

Casella is a waste management company that gets some of its revenue from recycling, a climate solution. But it also owns 9 landfill sites, and only 4 of them currently have gas-to-energy facilities. It therefore fails our landfill filter.

Methane Capture

CBAK Energy Technology

Pure Play

CBAK is a pure play that makes lithium batteries used in EVs, electric tools, and energy storage applications.

0.01%

Cenntro Electric Group Limited

Pure play

Cenntro Electric is a EV pure play that makes light- and medium-duty electric commercial vehicles.

0.02%

CenterPoint Energy

Failed Utility Filter

CenterPoint is an electric utility that produces most of its power from fossil fuels, including coal. It fails our utility and coal filters.

Electrical Utility

Centrais Electricas Brasileiras - Eletrobras

Failed Utility Filter

EBR is an electric utility that produces 85.3% of its power from clean sources. But it also produces some of its power from coal and it has no plans to shut down its coal plants within the next 3 years, failing our coal filter.

Electrical Utility

Central Puerto

Failed Utility Filter

Central Puerto produces 61.5% of its power from fossil fuels (gas) and the rest from renewables (hydro and wind). It, therefore don√ït pass our utility filter.

Electrical Utility

Centrus Energy

Pure Play

Centrus sells various components of nuclear fuel and provides technical services to deploy advanced nuclear fuel production capabilities.

0.07%

CF Industries Holdings

No Drawdown Solution

CF Industries makes nitrogen products for the agricultural sector but doesn√ït promote the climate solution of nutrient management. It doesn√ït make any climate solutions.

Nutrient Management

ChargePoint Holdings

Pure Play

ChargePoint sells EV charging solutions like smart charging stations, which can be used by fleets or individual owners.

0.45%

China Recycling Energy

Failed Revenue Filter

China Recycling Energy conducts waste-to-energy operations, but uses gas from coal mining, oil exploitation, refining processing and other fossil fuels as a fuel source. It therefore fails our revenue filter.

Waste to Energy

China XD Plastics

Delisted

China XD Plastics Limited was delisted in February 2022

Bioplastics

Church & Dwight

Failed Contraceptive Filter

Church & Dwight owns Trojan condoms, which contributes to the climate solution of family planning. But this makes up less than 50% of its revenue, so it fails our contraception filter.

Contraceptives

Cisco

Failed Telepresence Filter

Cisco is a technology conglomerate that sells hardware, software and other high-tech services and products. They offer telepresence solutions, but it makes up less than 50% of its revenue, so we exclude them.

Telepresence

Clean Harbors Inc

Failed Landfill Filter

Clean Harbors provides environmental and industrial services, including hazardous waste management and recycling. It owns 7 landfills but none have methane capture systems, so it fails the landfill filter.

Recycling

CleanSpark

Failed Revenue Filter

CleanSpark sells distributed energy systems and microgirds, but the vast majority of its revenue comes from bitcoin mining which is not a Climate solution. It fails our revenue filter.

Microgrid

ClearOne

Pure Play

ClearOne sells audio conferencing products and sound-reinforcement products that improve virtual connections and enable people to more easily collaborate without physical travel.

0.00%

Clearway Energy

Passed Utility Filter

Clearway Energy is an yieldco that's purely focused on generating clean electricity. 99.5% of the electricity it generates comes from renewables.

0.74%

CMS Energy

Failed Utility Filter

CMS is an electric utility that produces 79.2% of its power from fossil fuels, including coal. It fails our utility and coal filters.

Electrical Utility

CN Energy Group

Failed Biofuel Filter

CN Energy Group makes biomass electricity from wood. Due to its high emissions, Carbon Collective does not consider biomass electricity a Climate Solution and therefore exclude it.

Biofuels

Comfort Systems USA

Passed Revenue Filter

Comfort Systems makes 84.5% of its revenue from replacing old HVAC systems with more efficient ones.

0.51%

Building Automation

Commercial Metals

Passed Revenue Filter

Commercial Metals manufactures steel and metal products, 98% of which is from recycled scrap metal, helping make steel a circular industry

0.76%

Compahnia de Saneamento Basico

No Drawdown Solution

SBS is a Brazilian water and waste management company that provides water and sewerage services to residential, commercial and industrial users. They offer no Climate solution.

Water Distribution

Companhia Energetica de Minas Gerais

Failed Utility Filter

#N/A

Electrical Utility

Consolidated Edison

Failed Utility Filter

51.8% of the electricity Con Ed generates and just about half of the electricity they transmit is clean, meaning they fall well below the 100% threshold.

Electrical Utility

Contango Ore, Inc.

Failed mining Filter

Contango Ore, Inc., a gold exploration company, focuses on the exploration of mineral property interests in Alaska. It is pre-revenue but since it focus is gold, a non-critical mineral, it is excluded

Critical Minerals

Core & Main, Inc

Failed Revenue Filter

Core & Main sells smart meters and advanced metering technology that help reduce water loss through leak detection. But these account for only 8% of its revenue, so it fails the revenue filter.

Water Distribution

Corning

Failed Revenue Filter

Corning makes LED display products and emissions control products for the automotive industry, but not LED lighting, leaving it without a climate solution.

LED

Covanta

Delisted

Covanta makes most of its revenue from waste-to-energy operations and metal recycling, both Climate Solutions.

Waste to Energy

CRH

Lacked Sufficient Information

CRH makes building materials, including high-performance glass, a climate solution. But most of its revenue comes from conventional cement, concrete and asphalt.

Alternative Cement

Crown ElectroKinetics

Pure Play

Crown makes dynamic glass that changes its opacity and reflectiveness in response to outside conditions. Dynamic glass enhances the energy efficiency of buildings.

0.00%

Dynamic Glass

CSW Industrials

Passed Revenue Filter

CSW makes 69% of its revenue from products that make heating and cooling systems more efficient.

0.25%

Refrigerant Management

Cummins

Failed Revenue Filter

Cummins makes hydrogen production solutions, but 71% of its revenue comes from selling parts for internal combustion engine vehicles, and the oil and gas markets, so it fails our revenue filter.

Electric Car

CVD Equipment

Failed Defense Filter

CVD is a specialty industrial machinery company. It offers MesoPlasma printing services and products to the defense industry, failing our defense filter.

LED

Daktronics

No Drawdown Solution

Daktronics sells LED displays for various applications like sports scoreboards, architecture, and transportation. But since it doesn√ït sell LED lighting, it doesn√ït offer a climate solution.

LED

Dana

Lacked Sufficient Information

Dana sells both EV and internal combustion engine vehicle parts, but we exclude them because a revenue breakdown between those two segments is not provided.

Electric Car

Danaher Corporation

No Drawdown Solution

Danaher Corp√ïs water quality business helps analyze, treat and manage water quality. But it don√ït offer water leak detection or efficiency solutions, so it don√ït contribute toward Climate Solutions.

Water Distribution

Danimer Scientific

Pure Play

Danimer is a pure play that makes bio-based plastics using microorganisms. Bioplastics is an important climate solution.

0.02%

Bioplastics

Daqo New Energy

Pure Play

Daqo core business is selling high-purity polysilicon used in solar PVs to PV manufacturers.

0.35%

Delta Air Lines

No Drawdown Solution

Delta is an airline company that√ïs known for its forward-thinking stance on climate. But many of its sustainability initiatives for planned for years into the future and it doesn√ït derive revenue from them. It therefore offers no climate solutions.

Efficient Aviation

Denison Mines Corp

Pure Play

Gingko uses genetic engineering to product bacteria with industrial applications. It works in the food and agricultural markets, but don√ït offer Climate solutions.

0.12%

Digi International

Failed Telepresence Filter

Digi International sells embedded and external network communications as well as USB products. They are not a telepresence pure play, so they√ïre excluded from the Index.

Telepresence

Diodes

Failed Revenue Filter

Diodes sells discrete semiconductor products with consumer electronics industry applications. But it makes only small revenue from LED lighting applications, so it fails our revenue filter.

LED

DocuSign

Pure Play

DocuSign provides an e-signature solution that allows for digital signing of agreements and documents, saving both paper and emissions from transportation

1.36%

Energy Vault Holdings, Inc.

Dominion Energy

Failed Coal & Utility Filters

Dominion is an electric utility that generates about half of its power from fossil fuels, including coal. With no plans to retire its coal plants, it fails our coal filter.

Electrical Utility

Dow

Lacked Sufficient Information

Dow makes both traditional and bioplastics. We exclude it for lacking sufficient information that would help us determine which is a larger source of revenue.

Bioplastics

DTE Energy

Failed Utility Filter

DTE is an electric utility that produces 70.4% of its power from fossil fuels, failing our utility filter.

Electrical Utility

Duke Energy

Failed Utility Filter

Duke Energy is an electric utility that produces 74% of its power from fossil fuels, failing our utility filter.

Electrical Utility

DuPont de Nemours

Lacked Sufficient Information

DuPont is a chemicals company. It sells products with solar energy and LEDs applications, but also to the defense and oil and gas industries. It doesn√ït provide a revenue breakdown between these end-markets, so we exclude it for lacking sufficient information.

Solar PVs

Eaton

Passed Revenue Filter

Eaton makes 62% of its revenue by improving grid flexibility by selling various electrical and power products.

5.00%

Grid Expansion

Eco Wave Power

Pure Play

Eco Wave is a pure play that makes technology that converts ocean and sea waves into clean electricity.

0.02%

Ocean Power

Ecolab

Lacked Sufficient Information

Ecolab offers products to help businesses conserve water, but it also provides products and programs designed for oil companies. Since it doesn√ït give a revenue breakdown between these end-markets, we exclude it for lacking sufficient information.

Water Distribution

Edison International

Lacked Sufficient Information

Edison International is an electric utility but it doesn√ït give enough information about its power generation sources.

Electrical Utility

Electrameccanica Vehicles

Failed Revenue Filter

Electroameccanica Vehicles plans to sell EVs, but so far its revenue comes only from internal combustion vehicles. It fails our revenue filter.

Electric Car

Electric Last Mile Solutions, Inc.

Delisted

Electric Last Mile intends to design and manufacture electric √ílast mile√ì delivery and utility vehicles.

Electric Cars

Ellomay Capital

Failed Utility Filter

Ellomay is an electric utility that produces 62.9% of its power from gas and diesel oil, failing our utility filter.

Electrical Utility

eMagin

Failed Defense Filter

eMagin sells night vision/thermal imaging goggles to customers in the military, failing our defense filter.

LED

Emerson Electric

Lacked Sufficient Information

Emerson makes smart thermostats, which are a climate solution. But it also makes a larger proportion of revenue from products and services for the oil and gas industries.

Smart Thermostat

Empresa Distribuidora y Comercializadora Norte Sociedad Anenima

Lacked Sufficient Information

EDN is an electric utility but it doesn√ït provide complete enough information about its power generation sources.

Electrical Utility

Enbridge

Failed Revenue Filter

Enbridge is an energy infrastructure company that gets some of its revenue from solar and wind energy. But most of its revenue comes from building gas and oil pipelines, and gas infrastructure. It fails our revenue filter.

Solar PVs

Enel Chile

Failed Utility Filter

Enel Chile is a Chilean electric utility. 65.9% of the electricity it generates is from clean sources, but they don't disclose how much of the power they transmit is from clean generation. We exclude them for lacking sufficient information.

Electrical Utility

Energizer Holdings

No Drawdown Solution

Energizer Holdings is an electrical equipment and parts company. They make batteries but only for household and lighting products for flashlights and headlamps, neither of which are climate solutions.

LED

Energy Focus

Pure Play

Energy Focus makes a variety of LED lighting products that emit the same light for less electricity.

0.00%

LED

Energy Recovery Inc

No Drawdown Solution

Energy Recovery makes pressure exchanger technology platform that√ïs used to desalinate water. But they don√ït offer water leak detection solutions, so they don√ït contribute to any Climate solutions.

Water Distribution

Pure Play

Energy Vault is an energy storage pure play that makes gravity-based, grid-scale energy storage solutions.

0.05%

EnerSys

Failed Defense Filter

EnerSys is an electrical equipment company. It sells specialty batteries with aerospace ad defense applications, missiles and smart weapons, so it fails our defense filter.

Grid Expansion

Enphase Energy

Pure Play

Enphase sells microinverters, energy monitoring software, and AC batteries to solar distributors.

3.17%

Entergy

Failed Utility Filter

Entergy is an electric utility that produces 78% of its power from fossil fuels, including coal with no plans to retire its coal plants. It fails our utility and coal filters.

Electrical Utility

Eos Energy Enterprises

Pure Play

Eos is a pure play that makes energy storage solutions to utilities and other customers.

0.02%

ESCO Technologies

Failed Defense Filter

ESCO is a technology company that makes products that promote grid flexibility, a climate solution. But it also sells many products used with aerospace and defense applications. It therefore fails out defense filter.

Wind Turbines

ESS Tech, Inc.

Pure Play

ESS is a pure play in long-duration energy storage that makes iron flow battery technology.

0.04%

Essential Utilities, Inc

No Drawdown Solution

Essential Utilities is a regulated utility providing water, wastewater, and natural gas. Because they don√ït offer water leak detection or efficiency solutions, they don√ït contribute toward climate solutions.

Water Distribution

Euro Tech Holdings

Failed Water Filter

Euro Tech makes water treatment equipment and other products. But they don√ït offer any climate solutions.

Water Distribution

Evergy

Failed Utility Filter

Evergy is an electric utility that produces 64% of its power from fossil fuels, including coal, with no plans to retire its coal plants. It fails our utility and coal filters.

Electrical Utility

Eversource Energy

Failed Utility Filter

Most of Eversource's revenue comes from electric, gas and water distribution, which are not climate solutions.

Electrical Utility

EVgo

Pure Play

EVgo is a EV infrastructure pure play that owns and operates the largest public fast EV charging network in the US. The network is 100% powered by renewable electricity through the use of renewable energy certificates.

0.19%

Faraday Future Intelligent Electric Inc.

Evofem Biosciences

Failed Revenue Filter

Evofem is a pure play that makes a contraceptive gel, contributing to the Climate solution of contraception. But we exclude them because Evofem was delisted.

Contraceptives

Evoqua Water Technologies

Failed Water Filter

Evoqua offer technologies mostly focused on removing impurities from water. It doesn't make any leak detection technologies, so it fails our water distribution efficiency filter.

Water Distribution

Exelon

Failed Utility Filter

Exelon is an energy utility. 75.8% of the electricity it generates comes from clean sources, but only about 40% of the electricity they transmit and distribute is clean, leading them to fail our utility filter.

Electrical Utility

Expion360 Inc.

Lacked Sufficient Information

Expansion360 sells lithium-ion batteries for RVs, golf carts and marine vehicles. Because these are not replacing previously fossil-fuel powered engines, they don√ït count as climate solutions.

Energy Storage

EZGO Technologies

Pure Play

EZ is a pure play that makes e-bicycles, e-tricycles, and lithium batteries for the Chinese market.

0.00%

E-bikes

Pure play

Faraday is a pure play that intends to start building electric cars.

0.05%

Femasys Inc.

Failed Contraceptive Filter

Femsys is developing a contraceptive product, but its revenue derives from a diagnostic device that evaluates the fallopian tubes with ultrasound. Since they√ïre not 100% focused on contraception, it fails the reproductive health filter.

Contraceptives

First Solar

Pure Play

First Solar sells solar modules and power plant solutions.

1.98%

FirstEnergy

Failed Utility Filter

FirstEnergy is an electric utility that produces 86.6% of its power from coal and doesn√ït plan to retire its coal plants fully until 2050. It fails our utility and coal filters.

Electrical Utility

Fisker

Pure Play

Fisker is a pure play that makes luxury and high-end EVs.

0.24%

Flexible Solutions International

Lacked Sufficient Information

Flexible Solutions makes nitrogen conservation products, a climate solution, but also produces products for the oil and gas industries. It doesn't give a revenue breakdown, so we exclude it for lack of sufficient information.

Nutrient Management

Flowserve Corp

No Drawdown Solution

Flowserve makes flow control systems for infrastructure industries including oil, gas, chemical, power and water management. They don√ït make leak detection solutions, so they don√ït offer a climate solution.

Water Distribution

Fluence Energy Inc

Pure Play

Fluence is a pure play that provide energy storage products & services, and AI-enabled digital applications for renewables and storage.

0.39%

Flux Power Holdings

Pure Play

Flux makes battery management systems and rechargeable lithium-ion energy storage systems for electric forklifts, airport ground support equipment, and other industrial motive applications.

0.01%

FMC

No Drawdown Solution

FMC's produces insecticides, herbicides, and fungicides that help protect crops from pests, not reduce food waste, leaving them without a climate solution

Food Waste

Ford Motor

Failed Revenue Filter

Ford Motors makes EVs but makes most of its revenue from traditional internal combustion vehicles. It fails our revenue filter.

Electric Car

Fortis

Failed Coal & Utility Filters

Fortis is an electric utility that makes a vast majority of its power from coal and natural gas. It fails both our utility and coal filters.

Electrical Utility

Franklin Electric

Failed Water Filter

Franklin Electric makes industrial machinery like water pumping systems, groundwater equipment, submersible motors, etc. But they don√ït make leak detection or water conservation technologies, so they don√ït offer any climate solutions.

Water Distribution

Freeport-McMoRan Inc.

Failed Mining Filter

While FCX generated over >87% of its revenue from the sale of copper and molybdenum (both needed for the energy transition), it has had credible human rights allegations brought against it for violently suppressing indigenous communities and causing significant environmental pollution (The "Toxic 100 Air Polluters Index" compiled by the Political Economy Research Institute at UMass Amherst ranks FCX as #20). Therefore we exclude it.

Critical Minerals

Freight Technologies Inc

Pure Play

Freight Technologies is a pure play in efficient shipping that produced the FR8App. The FR8App is a B2B marketplace to make cross-border freight efficient and transparent, thus reduces the carbon footprint from shipping by optimizing empty miles.

0.00%

Pure Play

FREYR Battery

Pure Play

FREYR Battery is working to develop the most cost-competitive batteries with the lowest carbon footprints. It has not generated any reveue as of July 2022

0.14%

FTC Solar

Pure Play

FTC Solar sells solar tracking systems that identifies the best positioning for a solar array to increase energy production.

0.03%

FuelCell Energy

Lacked Sufficient Information

FuelCell Energy makes hydrogen fuel cells. But it√ïs also developing carbon capture services but not storage, which we consider fossil fuel revenue. We exclude it for lack of sufficient information about the breakdown between these two revenue sources.

Microgrid

Fusion Fuel Green

Pure Play

Fusion Fuel Green makes green hydrogen an important climate solution

0.00%

Hydrogen

FutureFuel

Passed Revenue Filter

Future Fuels makes 79% of revenue from biofuels made mostly from cooking oils, other plant oils and animal fats. FF predominantly offers "Advnaced Biofuels" and thus pass our biofuel filters.

0.04%

Biofuels

Gatos Silver, Inc.

Passed Mining Filter

GATO operates numerous underground mines in Mexico generating a majority of its revenue from: silver, lead, and zinc, all critical minerals for the energy transition.

0.04%

Generac Holdings

Lacked Sufficient Information

Generac makes power generation equipment and energy storage systems. It seems that most of its generators are fueled by fossil fuels. Since they don't give a breakdown of fossil fuel vs. clean products, we exclude them for lack of sufficient information.

Energy Storage

General Electric

Failed Defense Filter

General Electric derives a small portion of revenue from wind energy. But a larger portion of revenue comes from oil and gas industries, and they also make jet engines for military aircrafts. It fails both the defense and revenue filters.

Wind Turbines

General Motors

Failed Revenue Filter

General Motors makes some EVs but makes most of its revenue from traditional internal combustion vehicles. It fails our revenue filter.

Electric Car

Genie Energy

Lacked Sufficient Information

Genie Energy is an electric utility. It√ïs not clear what the source of its electric generation is, so we exclude it for lack of sufficient information.

Electrical Utility

Genuine Parts

Failed Revenue Filter

Genuine Parts sells auto parts. It seems to get some revenue from the EV industry, but most of its business is with the internal combustion vehicle market. It fails our revenue filter.

Electric Car

Gevo

Failed Biofuel Filter

Gevo makes renewable fuels. 75% of its revenue came from ethanol and other conventional biofuels. To pass our biofuel filter, a company needs to make most of its revenue from advanced biofuel. Gevo fails this filter.

Efficient Aviation

GFL Environmental

Passed Landfill and Revenue Filter

CSW makes 69% of its revenue from products that make heating and cooling systems more efficient.

1.57%

Gold Resource Corporation

Gibraltar Industries

Failed Revenue Filter

Gibraltar Industries makes solar racking and electrical balance of systems, but these only account for 32% of its total revenue. It fails our revenue filter.

Solar PVs

Ginkgo Bioworks Holdings

Failed Plant-Based Diet Filter

Waste Management has methane capture systems at 144 out of 260 landfill in operations. Since it has methane capture systems at more than 50% of its landfill sites, Waste Management passes our landfill filter.

Plant-based diet

GMS Inc.

Failed Revenue Filter

GMS sells products for construction, including insulation, lumber, joint compound, fasteners, etc. It fails the revenue filter because the revenue from insulation was only 28.7%.

Insulation

Gogoro Inc.

Pure Play

Gogoro is an EV pure play that makes smart, swappable electric fuel and intelligent light urban vehicles.

0.13%

Pure Play

Passed Mining Filter

Gold Resource Corporation engages in the exploration, development, and production of mining projects in Mexico and the United States. About 73% of its 2021 revenue came from silver, copper, lead and zinc, all minerals the IEA considers essential for the energy transition.

0.01%

GrafTech International Ltd.

Pure Play

GrafTech is a pure play in arc smelting. It produces graphite electrodes and petroleum needle coke, both necessary components in electric arc furnaces, which is a more energy efficient way of making steel compared to blast furnaces.

0.16%

Arc Smelting

Graham

Failed Defense & Revenue Filter

Graham is an industrial machinery company. 52% of its revenue came from the defense industry, and 44% from the refining, chemical and petrochemical markets. It therefore fails our defense and revenue filters.

Heat Pumps

Granite Construction

Failed Water Filter

Granite Construction is an infrastructure company. It doesn√ït make any water leak detection or water conservation technology, leaving it without a climate solution.

Water Distribution

Green Plains

Failed Biofuel Filter

Green Plains is one of the largest manufacturers of ethanol from corn. It fails our biofuel filter, which requires that advanced biofuels make up more than 50% of a company's biofuel production.

Biofuels

Greenland Technologies Holding

No Drawdown Solution

Greenland Technologies makes drivetrain systems for machines. They were supposed to have started making electric industrial vehicles and recycling lithium-ion batteries, but it seems they√ïve not started yet.

Electric Car

GreenLight Biosciences Holdings

Passed Revenue Filter

GreenLight obtains RNA from yeast to develop products that enhances plant health and replace pesticides. This contributes to the Climate Solution of reducing food waste.

0.01%

Food Waste

GreenPower Motor

Pure Play

GreenPower is a pure play that makes EVs for passenger, student, and cargo transportation.

0.01%

Hannon Armstrong Sustainable Infrastructure Capital

Growgeneration Corp

No Drawdown Solution

GrowGeneration makes advanced indoor and greenhouse lighting, vertical benching, environmental control systems and accessories for hydroponic gardening. They sell LED grow lights, but these are not building lighting, meaning they do not offer a climate solution.

LED

Pure Play

Hannon Armstrong is an yieldco that's purely focused on generating clean electricity. 100% of the electricity it generates comes from renewables.

0.35%

Harsco

Passed Revenue Filter

Harsco gets 58% of its revenue from industrial recycling and waste management services.

0.08%

Hawaiian Electric Industries

Failed Utility Filter

Hawaiian Electric is an electric utility that produce ~99% of its power from fossil fuels. It fails our utility filter.

Electrical Utility

Helbiz, Inc.

Pure Play

Helbiz is a pure play in e-bikes that offers a network of e-scooters, e-bikes and e-mopeds on its Helbiz app in a number of US and Italian cities

0.00%

Electric Two Wheelers

Heliogen, Inc.

Pure Play

Heliogen is an electric utility that's purely focused on generating electricity. 100% of the electricity it generates comes from renewables.

0.01%

Electrical Utility

Helios Technologies

Failed Water Filter

Helios Technologies makes a variety of hydraulic products but not leak detection or water conservation technologies.

Water Distribution

Highway Holdings Limited

No Drawdown Solution

Highway Holdings does metal stampings and makes a variety of mechanical and electronic products. But it doesn√ït offer any climate solutions.

LED

Honda Motor

Failed Revenue Filter

Honda makes some EVs (in Europe) but its EV manufacturing is still in early stages. No precise revenue breakdown is given but it√ïs clear that most of its revenue comes from internal combustion vehicles.

Hybrid Cars

Honeywell International

Failed Defense Filter

Honeywell is a technology company with an aerospace segment, which we categorize as fossil fuel revenue. It also sells products to the defense industry. It fails our revenue and defense filters.

Smart Thermostat

Huaneng Power International

Failed Coal Plant Filter

Huaneng Power is an electric utility in China with a slew of coal-fired power plants with no plans to retire them. It fails our utility and coal filters.

Electrical Utility

Hubbell

Lacked Sufficient Information

Hubbel sells solutions that enhance grid expansion/flexibility and EV charging, which are climate solutions, but it also has customers in the gas industry. We exclude it for lacking sufficient information.

Grid Expansion

Hudson Technologies

Pure Play

Hudson makes various refrigerant management solutions an important climate solution.

0.05%

Refrigerant Management

Hycroft Mining Holding Corporation

Failed mining Filter

Hycroft Mining together with its subsidiaries, operates as a gold and silver development company in the United States. As of December 31, 2022. About 90.1% of its 2021 revenue came from gold sales, so it fails the 50% revenue filter.

Critical Minerals

Hydrofarm Holdings Group Inc

No Drawdown Solution

Hydrofarm makes controlled environment agriculture equipment and supplies, which are not climate solutions.

LED

Hyliion Holdings

Failed Revenue Filter

Hyliion makes electrified and hybrid powertrain solutions. Its solutions contribute to the climate solutions of hybrid and electric vehicles.

0.06%

Electric Car

Hyzon Motors Inc.

Pure play

Hyzon is a pure play that makes and services hydrogen fuel cell electric vehicles.

0.04%

Fuel Cells

IAA

Pure Play

IAA operates a digital marketplace that connects buyers and sellers of total loss, damaged, and low-value vehicles, and car parts. This helps limit automotive waste through recycling.

0.63%

IBM

Failed Telepresence Filter

IBM sells computer hardware, middleware and software. Some of its products contribute to telepresence, but since IBM is not a telepresence pure play, it fails our revenue filter.

Telepresence

Ideanomics

Passed Revenue Filter

Ideanomics makes 73% of its revenue from EVs and EV charging infrastructure.

0.01%

Installed Building Products

IES Holdings

Lacked Sufficient Information

IES services wind and solar energy projects, which promote these climate solutions. But it also services refineries. It√ïs not clear which makes up a bigger portion of its revenue, so we exclude it for lacking sufficient information.

Wind Turbines

Infrastructure and Energy Alternatives

Aquired

IEA makes 65% of its revenue from infrastructure services for the wind and solar industries but it was acquired in October 2022.

Wind Turbines

Ingredion INC

Failed Plant-Based Diet Filter

Ingredion converts plants into value-added ingredients and biomaterials for food industries. But since its products don√ït replace animal-based foods, it fails our plant-based diet filter.

Plant-based diet

Passed Revenue Filter

Installed Building Products sells and installs insulation for residential and commercial builders, an important climate solution to make buildings more energy efficient.

0.35%

Insulation

ioneer Ltd

Pure Play

IONR is a pure-play lithium mining company based in Nevada that has offtakes contracts in place with several major electric vehicle and battery manufacturers.

0.10%

IperionX Limited

Pure Play

IPX operates an open-pit mine in Tennessee. 100% of its revenue comes from the sale of titanium, a critical mineral for the energy transition according to the IEA.

0.02%

iSun

Passed Revenue Filter

iSun makes 82% of revenue from selling solar engineering, procurement and construction services, and solar, storage and EV infrastructure.

0.00%

Itron

Passed Revenue Filter

Itron makes 61% of its revenue from devices that measure and control water, smart meters and leak detection products, all climate solutions.

0.29%

Water Distribution

JanOne Inc.

Passed Revenue Filter

JanOne is a appliance recycling company that recycles all major household appliances. JanOne recently started focusing on biopharmaceuticals, in particular alternative to opiods, however all of its revenue is from recycling thus passing our revenue filters.

0.00%

Recycling

JinkoSolar

Pure Play

Jinko sells solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots, and constructs solar projects.

0.29%

Jiuzi Holdings

Pure Play

Jiuzi is a pure play that makes EVs in China.

0.00%

Johnson Controls International

Joby Aviation, Inc.

Pure Play

Joby is a pure play in electric aviation that√ïs making an all-electric aircraft that can carry a pilot and 4 passengers, replacing the need for fossil fuel powered short haul flights.

0.31%

Electric Aviation

Passed Revenue Filter

Johnson Controls makes HVAC solutions including high-efficiency heat pumps, and build net-zero building systems. These products and services account for 72% of its revenue.

5.00%

Building Automation

Kaltura

Pure Play

Kaltura offers video products that are heavily used in distance learning for virtual classrooms, thus reducing the need for students to physically travel to and from class.

0.03%

Kandi Technologies Group

Passed Revenue Filter

Kandi made 61% of its revenue from EV parts and electric scooters.

0.02%

Karat Packaging

Lacked Sufficient Information

Karat Packaging makes packaging with both traditional and bioplastics. It√ïs not clear which makes up a bigger portion of its revenue, so we exclude it for lacking sufficient information.

Bioplastics

Kenon Holdings

Failed Utility Filter

Kenon is an electric utility that produces most of its power from gas and oil. It fails our utility filter.

Electrical Utility

Korea Electric Power

Failed Coal Plant Filter

Korea Electric Power is the largest power producer in Korea with large nuclear and hydro plants, but coal is its largest source of generation. It fails our utility and coal filters.

Electrical Utility

KULR Technology Group

Pure Play

KULR is a pure play that makes thermal management technologies used in lithium-ion batteries to ensure that the batteries stay within safe operating temperatures.

0.02%

Laird Superfood

Pure Play

Laird sells plant-based foods like hydrate coconut water and renew plant-based proteins.

0.00%

Plant-based diet

Lear

Failed Revenue Filter

Lear makes some electrification products, but 94% of its revenue comes from supplying products for traditional automotive. It therefore fails our revenue filter.

Hybrid Cars

Lennox International

Passed Revenue Filter

Lennox sells HVAC systems including high-efficiency heat pumps.

1.05%

Heat Pumps

LG Display

No Drawdown Solution

LG makes LEDs for displays for TVs, notebook computers, and smartphones. Because these don√ït contribute to building efficiency, we don√ït consider them climate solutions.

LED

Li Auto

Pure Play

Li Auto builds electric SUVs and luxury vehicles in China.

3.06%

Li-Cycle Holdings Corp

Pure Play

Li-Cycle is a pure play in recycling that recycles lithium-ion batteries.

0.11%

Recycling

Lightbridge

Pure Play

Lighbridge focuses on the development of metallic nuclear fuels, which are safer and more economical, while effectively reducing carbon emissions.

0.01%

Lightning eMotors

Pure Play

Lightning eMotors makes electric medium- and heavy-duty vehicles like delivery trucks and shuttle buses, as well as EV charging stations.

0.01%

Limbach Holdings

Lacked Sufficient Information

Limbach provides a number of climate solutions, including energy audits and building retrofits, but they don√ït provide a revenue breakdown. We exclude them for lack of sufficient information.

Building Automation

Limoneira

Failed Revenue Filter

Limoneira grows a number of crops, including avocados, a perennial staple crop that√ïs a climate solution. But since avocados only account for 4% of its total revenue, it fails our revenue filter.

Perennial Staple

Lindsay

Lacked Sufficient Information

Lindsay sells irrigation systems, remote monitoring and automation technology that reduce water and energy consumption. But because a clear revenue breakdown between these solutions isn√ït given, we exclude it for lacking sufficient information.

Efficient Irrigation

Lithium Americas Corp

Pure Play

LAC is a pure-play lithium mining company focused on extracting and refining battery-grade lithium.

0.35%

Littelfuse

Lacked Sufficient Information

Littelfuse is an industrial technology company offering several climate solutions. But it also serves several fossil fuel industries. It√ïs not clear which makes up a bigger portion of its revenue.

Energy Storage

Livent

Pure Play

Livent is a pure play that sells lithium compounds, primarily used in lithium batteries.

0.48%

LKQ

Pure Play

LKQ scraps totaled cars and sells the reclaimed replacement parts, helping reduce automotive waste.

1.78%

Local Bounti Corp

No Drawdown Solution

Local Bounti grows food in hybrid system of vertical farming and hydroponic greenhouse farming. While indoor farming may be an important climate adaptation technology, it does not reduce emissions.

Plant-based diet

Loop Industries

Pure Play

Loop converts waste plastics into virgin quality plastic.

0.01%

Lordstown Motors

Failed Fraud Filter

Lordstown Motors build electric full-size pickup trucks for fleet customers. But they√ïre currently under investigation for alleged securities fraud. It fails our fraud filter.

Electric Car

LSI Industries

Passed Revenue Filter

LSI makes 67% of its revenue from LEDs for lighting used in parking garages and restaurants.

0.05%

LED

Lucid Group

Pure play

Lucid is a pure play that makes electric cars and battery systems.

2.10%

Maxeon Solar Technologies

Lydall

No Drawdown Solution

Lydall makes insulation for things like car interiors to reduce noise, not to help buildings stay temperate. It doesn√ït offer any climate solutions.

Insulation

Lyft

No Drawdown Solution

While ridesharing is a climate solution, companies like Lyft, in practice, likely increases carbon emissions because drivers go further from its homes daily to service higher paying regions.

Carpooling

Magnachip Semiconductor

Failed Revenue Filter

Magnachip makes LEDs for a variety of applications, including e-bikes, solar PV converters, and lighting. But these applications seems to make up a minority of its total revenue, so it fails our revenue filter.

LED

Marrone Bio Innovations

No Drawdown Solution

Maronne Bio's products help protect crops from pests, not reduce food waste, leaving them without a climate solution

Food Waste

MasTec

Failed Revenue Filter

MasTech promotes wind and solar energy as well as grid flexibility. But since these climate solutions make up less than 50% of total revenue, it fails our revenue filter.

Grid Expansion

Pure Play

Maxeon sells solar panels and other related components.

0.09%

MDU Resources Group

Failed Utility Filter

MDU produces 72.7% of its power from fossil fuels (coal, gas and diesel) and 27.3% from renewables (wind and heat recovery). They retired 3 coal-fired units in February 2019, but have no plans to retire any more coal plants in the future. Thus it fails our Green Utilities filter.

Electrical Utility

Merck & Co

Failed Contraceptive Filter

Merck makes prescription drugs, vaccines, animal health products, and more. Because they don√ït solely focus on contraceptives, it fails our contraceptives filter.

Contraceptives

Mesabi Trust

Failed mining Filter

Anderson refines corn into ethanol, which is a Climate solution, but it’s a very small part of its revenue. It fails the revenue filter.

Critical Minerals

Methode Electronics

No Drawdown Solution

Methode sells electronic components like LEDs and sensors to automotive OEMS, external lighting solutions, and telecommunications products. They don't make LED lighting, thus do not build a Climate Solution

LED

MGE Energy

Failed Utility Filter

MGE produces 76.2% of its energy from fossil fuels and 23.8% from renewables (wind and solar), thus failing our defense filter

Electrical Utility

Microvast Holdings Inc

Pure Play

Microvast is a pure play that designs and manufactures EV battery and energy storage with ultra-fast charging capabilities.

0.05%

Middlesex Water

No Drawdown Solution

Middlesez Water is a water utility, but they offer no climate solutions.

Water Distribution

Montauk Renewables

Passed Utility Filter

Montauk is an electric utility that's purely focused on generating electricity. 100% of the electricity it generates comes from biogas, which is a renewable source.

0.17%

Electrical Utility

Montrose Environmental Group

Lacked Sufficient Information, Fails Tobacco Filter

Montrose helps clients deal with water distribution issues among other pro-climate projects, but it also works with many O&G companies, petrochemical and tobacco industries. It is unclear what makes up a majority of its revenue.

Water Distribution

MP Materials Corp.

Passed Mining Filter

MP is mining company focused on rare earth extraction and processing in the Western Hemisphere. Rare earth elements are critical minerals for the energy transition.

0.66%

Mueller Industries

Failed Water Filter

Mueller Industries produces a broad range of copper, brass, aluminum and plastic products. These include a variety of water tubes for plumbing applications. But they don't produce any leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

Water Distribution

Mueller Water Products

Failed Revenue Filter

Mueller Water Products sells water leak detection systems but these make up a small portion of its overall revenue. It fails our revenue filter.

Water Distribution

Mullen Automotive, Inc.

Pure play

Mullen is a pure play EVs manufacturer with both personal and comercial products in development.

0.05%

MYR Group

Lacked Sufficient Information

MYRG offers a wide range of products to the electric utility industry, but it doesn√ït give a precise breakdown between these products. We exclude it for lacking sufficient information.

Grid Expansion

National Grid

Lacked Sufficient Information

NGG is a utility that owns electric transmission facilities and gas pipelines in the UK and the US. It√ïs not clear which makes up a bigger portion of its revenue, and we also don√ït know how it generates its electricity.

Electrical Utility

Natural Order Acquisition Corp COM

Failed Plant-Based Diet Filter

NOAC is a SPAC that targets private emerging companies in the plant-based food space. We do not invest in SPACs pre-reverse merger.

Plant-based diet

Navitas Semiconductor Corp

No Drawdown Solution

Navitas makes gallium nitride power integrated circuits which can potentially be used in solar and EV charging. But for now, its applications are limited to consumer and mobile chargers, neither of which are climate solutions.

Energy Storage

Newmont Corporation

Failed Ethical Filter

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. 86% of its 2021 revenue came from gold sales, it therefore fail the 50% revenue filter.

Critical Minerals

NexGen Energy

Passed Revenue Filter

NexGen explores and develops uranium projects in Canada.

0.33%

NextEra Energy

Failed Utility Filter

NextEra Energy is an electric utility. The fail our Green Utilities filter because only 22%-23% of the electricity they transmit on its power lines comes from clean sources (must be >50%).

Electrical Utility

NextEra Energy Partners

Passed Utility Filter

NextEra Energy Partners is an yieldco that generates 73% of its total revenue from electricity generation. 90% of the electricity it generates comes from renewable sources.

0.70%

Nikola

Pure Play

Nikola is an electric car pure play that makes electric and hydrogen fuel cell heavy-duty commercial vehicles as well as clean energy solutions.

0.14%

NIO

Pure Play

NIIO builds electric SUVs and sedans in China with a subscription service for swappable batteries instead of conventional charching.

1.95%

NuScale Power Corporation

NiSource

Failed Utility Filter

NiSource is an electric utility that generates 82% of its power from fossil fuels, including coal which they plan to replace with renewables by 2028. It√ïs also building large-scale renewable power projects, so we will consider it for inclusion in the future.

Electrical Utility

Niu Technologies

Pure Play

Niu is a pure play that makes electric scooters. It has over 800,000 active riders.

0.04%

E-bikes

NorthWestern

Failed Utility Filter

Northwestern is an electric utility that produces 46% of its power from renewables and the rest from fossil fuels including coal. It fails our utility and coal filters.

Electrical Utility

NRG Energy

Failed Utility Filter

NRG is an electric utility that generates 92% of its power from fossil fuels, including coal. It fails our utility and coal filters.

Electrical Utility

Nucor Corporation

Passed Revenue Filter

Nucor is a steel maker that uses scrap steel as primary raw material, and it produces steel using the more efficient electric arc furnaces. 92.9% of its revenue comes from these solutions.

4.94%

Industrial Recycling

Pure Play

NuScale is a nuclear pure play that builds and sells light water small modular reactor that range from 77MW to 924MW.

0.27%

Nuvve Holding

Pure Play

Nuuve sells vehicle-to-grid technology that allows EV owners to store and resell energy to the grid.

0.00%

NV5 Global

Lacked Sufficient Information

NV5 is an engineering and construction company that helps clients achieve net-zero emissions in its buildings. But it also works with many oil and gas companies. It√ïs not clear which of these accounts for more revenue.

Water Distribution

nVent Electric

Failed Defense Filter

nVent is an electrical equipment company that sells military aerospace systems, battlefield networks and shipboard targeting systems, and combat aircrafts to the defense industry. It fails our defense filter.

Grid Expansion

Nvidia

Failed Telepresence Filter

Nvidia sells graphics processing units, application programming interface for data science and high-performance computing. Since they are not a telepresence pure play, they are excluded.

Telepresence

NXP Semiconductors

Failed Telepresence Filter

NXP sells technology solutions to the automotive, industrial, Internet of Things, mobile, and communications infrastructure markets. But they don√ït offer any climate solutions.

Telepresence

O2Micro International Limited

Lacked Sufficient Information

O2Micro sells integrated circuits with many applications. But its primary application seems to be in displays, which aren√ït climate solutions. Since it doesn√ït give sufficient information about the breakdown between these applications, it√ïs excluded.

LED

Oatly Group

Pure Play

Oatly sells plant-based dairy products made from oats.

0.14%

Plant-based diet

Oblong, Inc.

Pure Play

Oblong sells products that enable dynamic and immersive visual collaboration across multiple users, screens, devices and locations, enabling individuals to collaborate without needing to physically travel.

0.00%