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10 ASX Cleantech Stocks

What are the cleantech stocks listed on the ASX? Here’s a deeper look at the burgeoning cleantech industry in Australia.

Clean technology covers a number of industry sectors, such as low-emission technologies, renewable energy, water and wastewater technologies as well as waste and resource efficiencies.

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.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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The novel multi-media campaign, created in partnership with RGA, is built on the concept that consumers can Zip everything around them and pay in four installments Following its global rebrand this summer, digital payment pioneer Zip Co Limited today revealed a new multi-million dollar brand campaign – ‘Zip Now, Pay Later’ – across the U.S., to attract new customers to merchants ahead of the holiday shopping …

The novel multi-media campaign, created in partnership with R/GA, is built on the concept that consumers can Zip everything around them and pay in four installments

Following its global rebrand this summer, digital payment pioneer Zip Co Limited ( ASX: Z1P ) today revealed a new multi-million dollar brand campaign – ‘Zip Now, Pay Later’ – across the U.S., to attract new customers to merchants ahead of the holiday shopping season. From TikTok dance challenges to ‘earworms’ stuck in our heads and glam tips for Zoom calls, ‘Zip Now, Pay Later’ spotlights meme-worthy moments that have captivated millions, all demonstrating that Zip is not only part of the same cultural zeitgeist, but also the payment option of choice for modern consumers who are increasingly shunning credit cards for flexible, transparent digital payment options everywhere they shop.

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The Children’s Place , Inc. the largest pure-play children’s specialty apparel retailer in North America and Afterpay the leader in “Buy Now, Pay Later” payments, celebrate The Children’s Place 2021 Holiday Matching Family Pajama Collection with Kris Jenner Khloé Kardashian, True Thompson and MJ Shannon. “I LOVE the holidays and there is nothing better than gathering my family together and celebrating with …

The Children’s Place , Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America and Afterpay (ASX: APT) the leader in “Buy Now, Pay Later” payments, celebrate The Children’s Place 2021 Holiday Matching Family Pajama Collection with Kris Jenner Khloé Kardashian, True Thompson and MJ Shannon.

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New research conducted by Accenture reveals that in 2021, Afterpay the leader in “Buy Now, Pay Later” payments, drove $4.5b in net benefits to merchants, including $8.2b in incremental sales for retailers and SMB merchants, as they forge their way through the pandemic in 2021. ” US Economic Impact of Buy Now, Pay Later ” highlights the benefits Afterpay has had on the United States economy – including driving …

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Sydney Opera House at night

Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

The global robotics industry is expected to grow at a compound annual growth rate of 7.8 percent through 2028 according to the Global Industrial Robotics Market Analysis 2020. Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

Broadly speaking, robotics is the design and construction of robots. This can include core automation and production, industrial software, robot technology and integration of robotics. From drones to self-driving cars to toys ― robotics is a growing industry that is beginning to permeate our daily lives.


The distinction between robotics and AI can be a little confusing, but essentially think of robotics like the body and AI like the brain. Both can exist separately, and they are powerful when combined. The goal of a robot is to complete a task faster and more efficiently than a human.

What does the market look like?

The COVID-19 pandemic has seen technology sectors such as robotics accelerate as businesses have faced global challenges. Robotics has been able to help keep spaces safer by replacing humans with robots on factory lines, in eCommerce warehouses or on healthcare frontlines taking temperatures or disinfecting spaces.

What is Australia doing to support the robotics sector?

In early 2020, the Robotics Australia Network was formed to accelerate growth of the domestic robotics industry. The network aims to strengthen global competitiveness and cement Australia as a global leader in robotics.

How does the Australian robotics sector stack up?

According to the International Federation of Robotics, in a ranking of the world's most automated countries it's not even in the top 10. Number one is Singapore, followed by South Korea then Japan.

The investment space for pure robotics companies is relatively small, with greater opportunities to invest in more broader technology, AI and automation stocks.

Who are the big players in robotics stocks?

Robotics stocks in Australia are companies with a strong crossover to other technology sectors like artificial intelligence and virtual reality.

Vection Technologies (ASX:VR1)
Market Cap AU$77.56 million

Vection is a multinational software company with offices in Western Australia as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology as well as 3D, virtual reality, augmented reality, industrial IoT and CAD solutions. The business is split into two sections: IT development and outsourced services. The company also collaborates with Autodesk Technology Centers, the Microsoft Mixed Reality Team and Cisco Systems Italy.

Bill Identity (ASX:BID)

Market Cap AU$52.97 million

Previously known as BidEnergy, Bill Identity is a series of bill management solutions leveraged using robotic process automation, which helps clients increase efficiency. The company serves customers across Australia, New Zealand, the UK, the US and Europe. Bill Identity had a strong year, with total operating revenue growth of 55 percent year-on-year to US$14.6M in FY21.

What are the other ways to invest in robotics?

Another way to get into the robotics sector is investing in robotics exchange traded funds (ETFs), a popular choice that offers exposure to the industry of robotics and artificial intelligence rather than a single company. Two major ETFs in the robotics sector are:

  • BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ)
  • The ROBO Global Robotics and Automation ETF (ARCA:ROBO)

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.

carbon emissions

Following international pressure, the Australian government has promised to reach net zero emissions by 2050.

In a last-minute commitment after months of debate, the Australian government has promised to reach net zero emissions by 2050, expecting to meet the goal largely through technology development.

The move comes following international pressure as Australia had previously refused to join countries in pledging to meet the target ahead of the United Nations' COP26 climate conference in Glasgow.

However, the plan unveiled on Tuesday (October 26), which includes a government investment of AU$20 billion, does not strengthen the target set for 2030, with Prime Minister Scott Morrison saying Australia is on track to beat its Paris Agreement goal, cutting emissions by 30 to 35 percent by that decade.


"We will do this the Australian way," Morrison said ahead of a press conference, announcing investments in new energy technologies like hydrogen and low-cost solar.

An Australian hydrogen industry could be worth more than AU$50 billion in 2050, according to the government. Meanwhile, expanding production and processing of metals like lithium, nickel, copper and uranium could together be worth around AU$85 billion in exports in 2050.

That said, Australia will continue to be heavily dependent on fossil fuels as the plan will not shut down coal or gas production. The country is a major coal player, with the third largest reserves in the world, but its reliance on coal-fired power makes it one of the world's largest carbon emitters per capita.

"We want our heavy industries, like mining, to stay open, remain competitive and adapt, so they remain viable for as long as global demand allows," Morrison said. "We will not support any mandate — domestic or international — to force closure of our resources or agricultural industries."

Australia's desire to achieve net zero emissions by 2050 is a step in the right direction, Prakash Sharma, Wood Mackenzie's Asia Pacific head of markets and transitions, said.

"Our analysis shows that Australia can reach net zero emissions by 2050," he said. The country's major trading partners — China, Japan and South Korea — are already in transition towards that goal.

According to Wood Mackenzie, nearly 83 percent of Australia's power generation will come from solar and wind by 2050, as compared to about 20 percent last year. Natural gas, bio energy, geothermal and small modular reactors will supply the remaining 17 percent in power output. Coal into power is expected to be phased out by 2035.

"Although the pathway requires complete transformation of its traditional energy and export sectors, there are significant opportunities to capitalise on and protect future revenues," Sharma said.

"This will require Australia to become a significant player in low-carbon hydrogen trade as well as being able to offer carbon storage and offset services."

Meanwhile, the Australian Conservation Foundation has welcomed the prime minister's commitment to reach net zero by 2050, but said the mid-century goal is only meaningful with deep cuts to climate pollution this decade.

"Unless the government sets the wheels in motion to cut our emissions in half by 2030, it is making climate change worse and turning its back on the opportunities," said Chief Executive Kelly O'Shanassy.

"Australia can become a global clean energy superpower in the next decade by replacing coal and gas with renewable energy," she added. "We have abundant clean energy, tools and talent, but we cannot delay any longer."

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.