Ontario’s government announced recently that it would be joining forces with Quebec and California in an attempt to reduce greenhouse gas emissions. This is thought to be a big step in a greener direction, as Ontario is the second most polluting province in Canada. So how do investors make money from this decision? Today, we have compiled a list of publicly-traded Canadian renewable energy companies that are generating revenue and have a sound cash balance.
Ballard Power Systems Inc. (TSX: BLD) – $2.68
Renewable Energy Equipment & Services
Ballard Power Systems Inc. is a Canada-based company engaged in the business of clean energy fuel cell products and services. Ballard offers smart solutions for a clean energy future. The Company has a portfolio of commercial solutions, including fuel cell stacks, modules and systems. It provides clean energy fuel cell products enabling optimized power systems for a range of applications. Ballard’s focus is on Telecom backup power systems, material handling stacks, Bus power modules, distributed generation systems and engineering services. Ballard has designed and shipped approximately 150 Megawatt of hydrogen fuel cell technology.
- Revenues: $76,416,138
- Cash and Short Term Investments: $27,500,968
Alter NRG Corp. (TSX: NRG) – $4.80
Renewable Energy Equipment & Services
Alter NRG Corp. is a Canada-based company providing alternative energy solutions. The Company focuses on the Westinghouse Plasma Technology, which is creating energy from waste using plasma gasification. The Company markets and sells the Westinghouse Plasma technology through its wholly-owned subsidiary, Westinghouse Plasma Corp. Westinghouse Plasma is engaged in the treatment of all types of waste (industrial, household, commercial and hazardous) using plasma technology and converting it into useable energy, such as electricity, syngas, heat, steam or liquid fuels, such as diesel or ethanol.
- Revenues: $24,253,600
- Cash and Short Term Investments: $6,970,810
Carmanah Technologies Corp. (TSX: CMH) – $5.20
Renewable Energy Equipment & Services
Carmanah Technologies Corporation (Carmanah) is engaged in the business of developing and distributing renewable and energy-efficient technologies. The Company operates in six segments. The Traffic segment is engaged in providing solar Light Emitting Diode (LED) flashing beacons for various roadway applications, mainly focused on the North American market. The Marine segment is engaged in selling a range of marine lighting solutions across the world. Aviation/Obstruction is engaged in selling LED aviation and obstruction lighting across the world. Outdoor Lighting is engaged in providing LED lighting systems for off-grid lighting applications, including street, parking lot, park and pathway applications. The GoPower segment offers mobile power solutions for the North American market, which include solar chargers, inverters, regulators and power accessories. And, the Solar EPC Services segment is involved in the design, procurement and construction of grid-connected solar power systems in the Canadian industrial market.
- Revenues: $48,919,236
- Cash and Short Term Investments: $10,115,793
EcoSynthetix Inc. (TSX: ECO) – $1.49
Renewable Fuels
EcoSynthetix Inc. (EcoSynthetix) is a renewable chemicals manufacturer of bio-based products that are used around the globe as inputs in the commercial manufacture of a range of consumer and industrial goods. The Company’s green technology platforms provide customers with opportunities to reduce their carbon footprint. Its flagship product family, EcoSphere biolatex, are used to replace petroleum-based Styrene Butadiene (SB) latex binders for paper coatings.
- Revenues: $20,969,381
- Cash and Short Term Investments: $78,126,368
