Climate Change
Climate is the foundation of FREYR’s vision and mission
FREYR Battery’s vision is to accelerate the decarbonization of global transportation and energy systems. Our mission is to do so by producing clean battery cells. Mitigating climate change is at the heart of FREYR’s vision and mission.
FREYR fully supports the findings and recommendations of the Intergovernmental Panel on Climate Change (IPCC ) and supports the Conference of the Parties (COP)-negotiations to-date. We are committed to finding and contributing to global solutions, and we urge all governments to urgently implement actions to mitigate and adapt to climate change. See our COP messages here.
The world’s leaders committed during the COP21 in Paris in 2015 to limit global warming to 1.5 degrees Celsius. According to IPCC this will require reducing global GHG-emissions by 50% by 2030 compared to 2005-levels. The urgency and scale of the challenge is tremendous. And yet much of the needed technologies and capital are available for the world to do the job. Batteries are a key component. However, the batteries themselves have to lower their carbon footprint.
See analysis of the technological changes needed here.
Decarbonizing Our Customer
Transitioning to EVs and scaling up renewable energy in the power sector is expected to drive a multi-decade decarbonization of these major CO2-emitting sectors of the global economy. This transition to cleaner sources of power and energy is expected to grow the demand for batteries, from storage capacity of 345 GWh globally in 2021 to potentially as much as 13-20,000 GWh in 2040. See different market analyses for the demand for batteries per segment here.
The growth of wind and solar electricity generation within the power sector represents a good opportunity for batteries, which will be required to ensure that power supply can run without interruption, 24 hours a day. See our presentation of Energy Storage Systems (ESS) here.
FREYR plan to also supply batteries to the electric truck and personal electric car markets. A vehicle’s battery constitutes a substantial part of its cost, and the environmental and social standards of the battery could be important to the brand of the car. See our announcements of sales agreements in both sectors here. See more about our products and customers on our web pages.
Clean Batteries
FREYR’s aim is to deliver battery cells with zero CO2 emissions from our manufacturing process and emissions of no more than 15 kg CO2 per kWh throughout the value chain. This compares with industry average value chain CO2 emissions of more than 80 kg CO2 per kWh in 2020. Our aim is to produce batteries with a net-zero carbon footprint from cradle to gate by 2035, a term which includes the stages of product development from extraction of raw materials through manufacturing but excludes distribution, usage, and ultimate disposal.
We have analyzed the life cycle impacts of the battery cells to be produced at our CQP, and developed a road map for how to reach our targets, largely by implementing changes in the Giga Arctic supply chain. We plan to use clean hydro power for our plants in Mo i Rana, Norway. However, an additional area of focus is to decarbonize our supply chain and to expand the use of renewable energy in more than just our cell production facilities. We believe this can happen through investment in renewable-energy development by our vendors or their local governments or through relocating the sourcing, if possible, of key inputs to our manufacturing process to areas where renewable-energy assets are available. Our recent announcement to potentially invest in manufacturing LFP cathode material in the Nordics is one such step in the process of decarbonizing our supply chain. As our supply chain is complex, working together with our suppliers is a key path in achieving our zero-carbon goals. Find our Supplier Code of Conduct here.