Aiming to become a leading solutions provider to the fast- growing battery industry
DNB Battery Conference
Stian Madshus
11 May 2021
Aiming to become a leading solutions provider to the fast- growing battery industry
- A green transport revolution requires a green battery revolution
- Elkem is uniquely positioned to supply specialised battery materials with a green footprint
- Going from pilot to industrial production and aiming to become a leading solutions provider to the battery industry
High number of cell manufacturing projects in Europe and North America
…but production of critical anode materials is currently dominated by Asian players
Gigafactory capacity (2030)
Europe ~ 610 Gwh
North America ~ 383 GWh
TOTAL ~ 1,000 GWh
Tesla/Panasonic
53 GWh
Tesla
200 GWh
LG Energy
Solution
18 GWh
Im3
15 GWh
LG Energy | |||||||
Solution | |||||||
30 GWh | |||||||
Envision AESC | |||||||
10 GWh | |||||||
Farasis | SK Innovation | ||||||
15 GWh | 32 GWh | ||||||
Elkem's planned | ||||||||||||||||||||||
Northern Recharge | ||||||||||||||||||||||
anode material plant | ||||||||||||||||||||||
Freyr | Northvolt | |||||||||||||||||||||
43 GWh | 40 GWh | |||||||||||||||||||||
Morrow | Northvolt | |||||||||||||||||||||
32 GWh | 20 GWh | |||||||||||||||||||||
Tesla | LG Energy | |||||||||||||||||||||
Solution | ||||||||||||||||||||||
150 GWh | ||||||||||||||||||||||
67 GWh | ||||||||||||||||||||||
CATL | Samsung SDI | |||||||||||||||||||||
80 GWh | 30 GWh | |||||||||||||||||||||
PSA / Total | SK Innovation | |||||||||||||||||||||
48 GWh | 17 GWh | |||||||||||||||||||||
Svolt | BMZ | |||||||||||||||||||||
24 GWh | 28 GWh | |||||||||||||||||||||
Farasis | InoBat | MES | ||||||||||||||||||||
24 GWh | 10 GWh | 15 GWh | ||||||||||||||||||||
Potential Regulatory barrier
Source: Benchmark Mineral Intelligence, Elkem intelligence.
This implies an increasing need for battery anode materials from reliable and sustainable suppliers
Anode material demand (Europe and North America)
CAGR
24%
Supply gap of
~99%
without Elkem
Current regional
supply of synthetic
graphite
Source: Benchmark Mineral Intelligence, Elkem analysis.
Today's battery production comes with a significant CO2 footprint - active materials being a major contributor
Greenhouse gas emissions by value chain step, Mt CO2e per annum (2030)
Active materials and components
~ 35%
of battery
GHG
emissions
Source: World Economic Forum, Global Battery Alliance; McKinsey analysis
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Elkem ASA published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 06:57:08 UTC.