Thanks to its strong technological foundation, FREYR is well positioned to provide sustainably produced battery solutions to significantly increase the share of renewable energy in the global energy mix by 2030.
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The numbers are staggering. According to the IEA Global EV Outlook which examines regional targets and current vehicle statistics, at least 235 to 300 million electric vehicles (EVs) will need to be produced to meet the combined electrification goals of the EU and the United States by 2035.
Where will all the batteries come from to meet these needs?
An emerging leader
There are a number of technological, environmental, economic and social dimensions that affect the production of batteries for EVs and transportation systems.
The scarcity of key resources such as lithium and the energy-intensive extraction processes required, the costs and complexity of existing manufacturing and supply chain processes, and the current limited lifespan of batteries and the status of recycling and end-of-life management are all challenges affecting battery production. These are all challenges that battery manufacturers must consider.
One company that is changing the game is FREYR Battery, a clean energy solutions provider and emerging leader in sustainable lithium-ion batteries.
FREYR is helping build clean energy capacity in the United States with the Giga America battery plant for industrial-scale battery component production and plans to develop its Giga Arctic site in Norway. Its mission is to produce environmentally friendly battery cells through a business model that maximizes long-term value creation and unlocks sustainable and superior profits for its stakeholders.
FREYR develops battery solutions for stationary energy storage, which are essential for integrating renewable energy sources into the grid and ensuring energy stability. It also offers battery solutions for electric buses, trucks and marine vessels.
The company is actively involved in the development and production of next-generation battery technologies. Utilizing advanced manufacturing processes and sustainable practices, the company aims to produce battery cells with higher energy density, longer lifespan and reduced environmental impact. And with the recent acquisition of Trina Solar’s US manufacturing assets, FREYR is now enabling the integration of solar energy solutions with its battery storage technology to provide comprehensive clean energy systems.
Forward charging in the cloud
As a young company, FREYR Battery needed a robust and scalable technology base to support its plans. To help achieve its ambitions, FREYR chose SAP S/4HANA Cloud Public Edition as part of the GROW with SAP for scaleups program.
“We wanted to adhere to best practices and take advantage of proven, predefined processes from the start. That is why we invested in SAP S/4HANA Cloud Public Edition,” said Morten Grimsø, head of control/IT and administration at FREYR Battery. The ultimate goal is to accelerate growth without increasing complexity.
FREYR was able to quickly implement its financial foundation with storage, maintenance and manufacturing process capabilities to serve clean battery cell production on an industrial scale. The company now has access to data across its manufacturing processes, giving its people rich insights to help it continuously improve its operations and solutions in line with its sustainability goals.
As a startup company that is listed on the New York Stock Exchange, the biggest challenge is making the right decisions at the right time, going one step at a time. According to Grimsø, if you start with the best practices that are contained and visualized in the SAP Signavio solution that is part of the package, it is easy to achieve a configured system. The tool enabled the company to look at processes and understand the order in which to implement them as dictated by the business. This approach made it easy to meet with operators to clarify how the system works.
“Our operations team has benefited from the speed of implementation. As a startup, we knew that having standardized processes from the beginning was an advantage,” he explained. “We wanted to avoid designing everything from scratch and having to go through a business engineering process to get it out. With a set of best practices to follow, our operations can be compliant from the start.”
Rapid incorporation of advanced ERP into an organization can be the source of significant business advantage for a startup. This allows the company to enable core functionality at the right time to meet requirements and then adopt more functionality organically as its needs grow.
For FREYR, this robust and scalable architecture means faster fulfillment of strategic goals. SAP S/4HANA Cloud Public Edition allows the company to quickly bring new plants online and add new functionality easily during critical development times. The solution is already supporting its finance and procurement operations and joint venture initiatives in the United States ahead of the start of manufacturing activities.
Thanks to its strong technological foundation, FREYR is well positioned to provide sustainably produced battery solutions to significantly increase the share of renewable energy in the global energy mix by 2030. Its clean energy cells Next-generation batteries will go a long way to helping regional entities accelerate the decarbonization of energy and transportation systems.
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