Clean Battery Solutions for a Better Planet
Significant Global Battery Supply Shortfall by 2030
~5,300 GWh projected global
demand in 2030
Global Battery Supply/Demand Outlook, 2010-30
GWh installed/year
6,000
5,000
~1,600 GWh announced
production capacity by 2030
based upon announced
2030e
Potential
~3,700 GWh
supply shortfall
4,000
battery production projects
3,000
Equivalent shortfall in 2030:
115 Required
Gigafactories
115 Gigafactories (@ 32 GWh
per facility)
2,000
Excluding China, the world is
expected to be short of battery
cell production capacity by
2023/2024
FREYR
Clean battery solutions
1,000
China Supply
North America
Supply
Europe Supply
Asia ex. China
Supply
....Global Battery
Demand
0
2010
2014
2016
2018
2020
2022
2024
2026
2028
2030
2012
Note: The indicated outlook should not be construed as estimates or guidance for future developments of the Company
All Gigafactory solutions needed to meet expected surge in global demand
Source: Rystad Energy, Study commissioned from global management consultancy
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