Giga Arctic Could Reduce CO2 by More Than Norway's Total Emissions
The envisioned annual production at Giga Arctic, FREYR Battery’s planned facility in Norway, could enable our customers of those batteries to reduce 801 million tons of CO2 emissions over the lifetime of the batteries, according to a report released by Minviro an environmental impact company, commissioned by us. The full report on their web pages here. This is almost twice the total amount emitted in Norway annually2.
The primary objective of the study has been to provide FREYR with a calculation of LFP battery cells’ use-phase global warming potential impacts, and the theoretical potential carbon dioxide (CO2) emissions abatement results in each market segment and geography. The market segments investigated were passenger electric vehicles (EV), electric trucks (e-trucks) and energy storage systems for grid-scale stationary applications (ESS). The geographies evaluated were Europe and the United States. The study follows a gate-to-gate approach and was conducted according to the requirements of ISO 14067:2018 and ISO-14040/44:2006 standards.
The methodology for the abatement considers that the emissions from the electricity used to charge batteries in ESS will replace the emissions produced by the marginal electricity of the grid mix, assumed to be natural gas. Likewise, the emissions from the electricity grid mix used to charge the batteries in EVs and e-trucks will replace the emissions produced by petrol fuel in internal combustion engine (ICE) cars and diesel in ICE trucks. The emissions abated consider the lifetime of every battery application in the use phase.
The theoretical abatement potential achieved per market segment and geography is presented in Table 3. Results are given as an average on a GWh-basis so that comparisons between segments and geographies can be done.
For our ambition in the year 2030 of 345 million tons CO2 abated, we have calculated based on a volume of batteries produce and sold equal 150 GWh, split into the three segments mentioned above according to our sales plans (confidential) and multiplied with their lifetime abatement potential. Comparing the 345 million tons CO2 to the annual emissions of cars, we have used the emission number for cars from the Minviro report.
1Assuming 25GWh annual production and sales from Giga Arctic. 25 GWh annual battery production multiplied with 3.2 Mt of CO2 per GWh in use in the ESS sector (as per the Minviro report)