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

  1. A green transport revolution requires a green battery revolution
  2. Elkem is uniquely positioned to supply specialised battery materials with a green footprint
  3. 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.