The Top Public Companies for an Energy Transition

This data-file compiles all of our insights into publicly listed companies and their edge in the energy transition: commercialising economic technologies that advance the world towards ‘net zero’ CO2 by 2050.

Each insight is a differentiated conclusion, derived from a specific piece of research, data-analysis or modelling on the TSE web portal; summarized alongside links to our work. Next, the data-file ranks each insight according to its economic implications, technical readiness, its ability to accelerate the energy transition and the edge it confers on the company in question.

Each company can then be assessed by adding up the number of differentiated insights that feature in our work, and the average ‘score’ of each insight. The file is intended as a summary of our differentiated views on each company.

The screen is updated monthly. At the latest update, in February-2021, it contains 200 differentiated views on 100 public companies.

The Top 40 Private Companies for an Energy Transition

This data-file presents the ‘top 40’ private companies out of several hundred that have crossed our screens since the inception of Thunder Said Energy, looking back across all of our research.

For each company, we have used apples-to-apples criteria to score  economics, technical readiness, technical edge, decarbonization credentials and our own depth of analysis.

The data-file also contains a short, two-line description follows for each company, plus links to our wider research, which will outline each opportunity in detail.

Leading companies in biochar?

This screen tabulates details of almost twenty leading companies in the production and commercialization of biochar, which have crossed our screens. For each company, we include details on their size, patent filings (where applicable) and their commercial offering. The average company in the data-file was founded in 2012, has 8 employees and 1.2 patents. This shows the space is early-stage and competitive.

Companies sequestering CO2 with seaweed or kelp aquaculture?

This screen aims to tabulate details of over a dozen companies sequestering CO2 by farming or restoring macro-algae such as seaweeds and kelp.

The area is fast-growing but early-stage, with the average company founded in 2017 and employing 10 people.

Commercial products being made from seaweed include foods, animal feeds, fertilizers, next-gen plastics and even distilled spirits.

Our full notes from technical papers and all of the companies are laid out in the screen.

Solid state batteries: evidence from 25 QuantumScape patents?

This data-file reviews 25 of QuantumScape’s 2019-20 patents, in order to substantiate its claims of a solid-state battery than can achieve c50-100% higher energy density than conventional lithium ion batteries, 3x faster charging, while also surviving hundreds of charge-discharge cycles without degradation.

The single largest patent challenge that QuantumScape was aiming to overcome was manufacturing methods, discussed in 75% of the patents. This augurs well for transitioning into production mode.

Preventing dendrites and ensuring cell longevity were related, joint-second focus areas. Quantumscape is light years ahead of competitors, but the longevity is not fully de-risked by these patents.

Quantumscape’s proprietary cell designs are also assessed in the data-file, ranging from electrolytes and catholytes to more cutting-edge moonshots.

Uranium mining: company screen and market outlook?

We have screened c20 uranium miners, assessing each company’s production, reserves, asset base, size and recent news flow. 10 of the companies are publicly listed, while the remainder are private or state-owned.

Our market outlook is that firm uranium supply may be running 25% short of the level required on our roadmap to net zero.

Headline supply-demand forecasts are also presented in the data-file, along with notes and CO2 intensity calculations for the sector.

Autonomous vehicles: technology leaders?

This data-file is a screen of companies developing autonomous vehicles, including 14 private companies and 12 public companies, of which 8 are pure-plays focused on commercializing autonomous vehicles.

Rapid growth is visible in the space. 75% of the companies in the screen were only founded in the last decade.  Many have also become public, commonly via reverse mergers, amidst recent market excitement.

By transportation type, autonomous truck and freight-moving applications are most common, followed by autonomous cars, sensor technologies (especially LiDAR), then taxis, then finally passenger shuttles.

Recent technical progress is noted for each company. Many are proposing optimistic timelines, to introduce Level 4-5 autonomy within 2021-25. Others are more pessimistic and do not see commercial deployment of fully autonomous vehicles until after 2030.

Companies in drones and drone services for construction?

The aim of this data-file is a simple screen of companies manufacturing drones and commercializing drone software. In includes 12 private companies and 4 public companies. For each company, we have tabualted their history, geography, number of patent filings and a short description.

US Refiners: CO2 cost curve?

Which refiners are least CO2 intensive, and which refiners are most CO2 intensive? This spreadsheet answers the question, by aggregating data from 130 US refineries, based on EPA regulatory disclosures.

The full database contains a granular breakdown, facility-by-facility, showing each refinery, its owner, its capacity, throughput, utilisation rate and CO2 emissions across six categories: combustion, refining, hydrogen, CoGen, methane emissions and NOx (chart below).

Assessed companies include Aramco, BP, Chevron, Citgo, Delek, ExxonMobil, Koch, Hollyfrontier, Marathon, Phillips66, PBF, Shell and Valero.

Methanol: leading companies?

This data-file tabulates the details of companies in the methanol value chain. For incumbents, we have quantified market shares. For technology providers, we have simply tabulated the numbers of patents filed into methanol production since the year 2000. For new, lower-carbon methanol producers, we have compiled a screen, noting each company’s size, patent library and a short description (chart above).