What are the cleantech stocks listed on the ASX? Here’s a deeper look at the burgeoning cleantech industry in Australia.
In the first half of 2021, the global cleantech space performed well, almost above expectations.
“There is a clear shift in the industry that is prioritising investments into the space,” Yuan-sheng Yu of Lux Research told the Investing News Network. “Whether that is purely through the installation of renewable energy capacity or in early stage technologies.”
Australia’s cleantech arena is also performing with strength, according to the Deloitte Australia CleanTech Index, which offers a quarterly review of cleantech stocks listed on the ASX.
“The companies included in the Index range across renewable energy, energy efficiency, resource efficiency, energy storage, battery minerals and water treatment,” states Renew Economy. “These are the industries that are redefining how cities work and how our communities live, so it is likely we will see them continue to play a critical role in our economy’s post-Covid recovery.”
With the positive outlook for cleantech in mind, here’s a look at 10 ASX cleantech stocks that are tracked by the Deloitte Australia CleanTech Index. Companies are listed in order of largest to smallest by market cap, and all numbers and figures were current as of July 30, 2021.
1. Ecograf (ASX:EGR)
Market cap: AU$332.88 million; share price: AU$0.72
Ecograf produces high-purity graphite products for the lithium-ion battery and advanced manufacturing markets. Ecograf is also in battery recycling and is advancing the Epanko graphite project in Tanzania.
The company’s new state-of-the-art EcoGraf processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America. The facility will use environmentally responsible HF-free purification technology to sustainably produce battery anode materials. On the recycled battery front, its EcoGraf process is expected to allow the recycling industry to reduce battery waste and use recycled carbon anode material to improve battery lifecycle efficiency.
2. New Energy Solar (ASX:NEW)
Market cap: AU$287.72 million; share price: AU$0.83
New Energy Solar is building a diversified portfolio of large-scale solar power plants that generate and sell clean energy to electricity consumers. The company acquires solar power assets with long-term contracted power purchase agreements, providing investors with exposure to the renewable energy revolution. Since 2015, New Energy Solar has raised over AU$500 million in equity.
3. Duxton Water (ASX:D2O)
Market cap: AU$165.38 million; share price: AU$1.40
Duxton Water, managed by the Australian-owned Duxton Group, bills itself as the country’s “only listed vehicle providing investors with a direct exposure to the Australian water market.” Australia’s variable climate requires farmers to appropriately manage and efficiently use water, a valuable resource.
Duxton Water owns and actively manages a diversified portfolio of water assets and provides its farming partners in Australia’s agricultural sector with water supply solutions and risk management tools. The company’s water entitlements are mainly in Australia’s southern Murray Darling Basin, including about 78.7 gallons of permanent water entitlements across 18 different asset types and classes.
4. Redflow (ASX:RFX)
Market cap: AU$70.84 million; share price: AU$0.06
Redflow is primarily an energy storage company that develops batteries, ZCELL and ZBM2, for durable energy storage uses. ZCELL allows clients to use solar energy when needed through integration with solar panels; this means that customers do not need to connect to a power grid, offering independence and the ability to keep the lights on even during a power outage. These applications are made possible through ZCELL’s ability to store 10 kilowatt (kW) hours of energy daily.
Redflow’s batteries are made from largely recyclable and reused materials, decreasing CO2 impact.
5. Carnegie Clean Energy (ASX:CCE)
Market cap: AU$44.71 million; share price: AU$0.01
Carnegie Clean Energy is developing and commercialising CETO wave energy technology for converting ocean wave energy into zero-emission electricity. The company uses the latest advances in artificial intelligence and electric machines to efficiently generate electricity. Carnegie was recently featured as an Australian innovator on Network 10’s “Advancing Australia” TV series, hosted by Guy Pearce.
The company also produces and sells clean renewable energy using solar and associated battery systems to Australia’s Department of Defence. Under a supply agreement, the Garden Island Microgrid, a solar and associated battery system, provides clean, reliable energy to Australia’s largest naval base.
6. Rectifier Technologies (ASX:RFT)
Market cap: AU$42.62 million; share price: AU$0.03
Rectifier Technologies provides power-efficiency services to several industries, including oil and gas, telecommunications, defense and utilities.
Its low-voltage power supply units have an output capability of 9.6 kW. Rectifier also offers electric vehicle home chargers with 11 kW of output power; these are applicable outdoors and indoors. Included in its product offerings are a number of modules that provide 1.4 to 29 kW of output power for electric vehicle charging, DC UPS power systems and internet data control power systems.
7. Delorean (ASX:DEL)
Market cap: AU$36.71 million; share price: AU$0.21
Delorean is a leader in building bioenergy infrastructure and generating renewable energy. The company is creating a portfolio of bioenergy infrastructure assets in Australia and New Zealand. Delorean has four verticals working together across each stage of the bioenergy generation lifecycle.
The Delorean Energy Victoria One project in Stanhope, Victoria, is now under construction, and the bioenergy facility is expected to be fully commissioned in July 2022. The operation will divert commercial, industrial, agricultural and municipal organic waste from landfills and generate renewable electricity, with further opportunities to produce renewable gas.
8. Bluglass (ASX:BLG)
Market cap: AU$28.09 million; share price: AU$0.03
Founded in 2005, Bluglass develops sustainable technology for the production of LED lights, power electronics and concentrated solar cells. Through its development of remote plasma chemical vapor deposition, Bluglass is creating low-temperature technology and aiming to improve semiconductor processes. In addition, Bluglass has a number of patents in the US, Japan, China and Europe.
Bluglass created BluSolar in 2009 to focus on solar cell technology. Through the application of its proprietary technology, Bluglass aims to apply recent research that suggests it is possible to fully convert the spectrum of sunlight energy into electrical power.
9. The Environmental Group (ASX:EGL)
Market cap: AU$27.7 million; share price: AU$0.10
Incorporated in 1923, the Environmental Group listed on the ASX in 1977. The company has four business units that are committed to environmental protection by improving air and water quality, reducing carbon emissions and enhancing waste to energy production.
The company’s Total Air Pollution Control division has technologies that reduce dust, odours and harmful gasses in the environment; its subsidiary Baltec Australia specialises in designing, building maintaining and repairing electrostatic precipitators. Meanwhile, Baltec IES produces inlet and exhaust systems for gas turbines used in solar and wind energy production, negating the need for rare mineral battery resources. The EGL Water division is further developing patented technologies in conjunction with the University of Victoria. Tomlinson Energy Service is focused on building a biowaste to energy platform.
10. 1414 Degrees (ASX:14D)
Market cap: AU$25.54 million; share price: AU$0.13
1414 Degrees is an energy storage company that aims to disrupt the energy market through its thermal energy storage systems (TESS). With a broad range of TESS solutions, 1414 Degrees offers smart heating and electrical solutions that are built to last over 20 years; they are used in residential developments, waste management facilities, shopping centres and commercial buildings.
TESS systems store latent heat in molten silicon at 1414 degrees Celsius, an optimal temperature for energy efficiency. The company finished the first TESS powered by biogas in March 2019. The project was completed through a mechanical installation.
This is an updated version of an article first published by the Investing News Network in 2019.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.