The main purpose of GIGA Storage is closing polluting coal-fired power stations and phasing out the use of gas as fossil energy sources. What is our approach?
Innovative solutions are essential for the sustainable generation of electricity. Energy production from solar and wind sources can be inconsistent, often resulting in energy that is not available when needed. Currently, the difference between energy supply and demand on the grid is absorbed using fossil fuel power plants. However, battery energy storage systems have the potential to play a balancing role, facilitating the phasing out of coal-fired and gas-fired power plants. GIGA Storage is committed to being a key contributor in this shift towards a reliable, affordable and sustainable energy network in Europe, bringing together professionalism and environmental responsibility.
By developing large-scale battery storage projects, GIGA Storage's impact extends beyond just CO reduction2 emissions. The first and largest positive impact of GIGA Storage is stabilizing the grid by balancing green energy sources. Our initiatives enable various stakeholders, including businesses, educational institutions and public facilities such as schools and libraries, to seamlessly integrate with the grid. Secondly, GIGA facilitates the energy transition and ultimately makes the phasing out of gray energy sources, such as coal and gas, possible. This transition to cleaner energy is in line with global sustainability goals and improves our environmental stewardship. Furthermore, we accelerate the energy transition by storing renewable energy that would otherwise not be generated by solar or wind farms. By storing energy and supplying it to stakeholders, we avoid CO2 emissions that would otherwise be caused by the use of traditional energy sources. In essence, our ambition of large-scale battery storage projects contributes substantially to the broader objectives of achieving grid stability, accelerating the transition to cleaner energy sources and avoiding CO2 emissions from storing renewable energy.
At GIGA Storage, we are committed to complying with evolving regulatory standards, including the Battery Regulation, which ensures the sustainable production and disposal of batteries. This aligns with our commitment to sustainability throughout our supply chain. In addition, we proactively track and report our Scope 1 and Scope 2 emissions, which underlines our commitment to transparency and environmental awareness. We have set ambitious targets for our emissions: achieving carbon neutrality for Scope 1 emissions by 2050 and for Scope 2 emissions by 2040. These targets demonstrate our firm commitment to reducing our carbon footprint.
Furthermore, GIGA Storage adheres to the Guidelines of the UN Guiding Principles for Business and Human Rights (UNGP), known as the “Ruggie Principles”. These principles guide our approach to human rights within our business operations, focusing on our responsibility to respect human rights, support state protection against human rights abuses, and ensure access to redress for those affected by business-related human rights issues. Our commitment to these principles underlines our commitment to ethical business practices and making a positive impact on society and the environment.
In addition, GIGA Storage actively supports four United Nations Sustainable Development Goals (UN SDGs). These include: Affordable and Clean Energy, Decent Work and Economic Growth, Responsible Consumption and Production, and Climate Action. Our support for these goals demonstrates our commitment to advancing not only sustainable energy solutions, but also economic growth, responsible consumption and climate action.
GIGA Storage recognizes the environmental footprint associated with the use of minerals in our batteries and carbon dioxide emissions throughout the supply chain. In view of the adverse impact, particularly on Scope 3 emissions, we also understand our limited influence on suppliers. GIGA Storage is committed to sourcing ethical and responsible materials for its batteries and promoting proper life cycle management. GIGA Storage encourages increased transparency and cooperation from our suppliers regarding Scope 3 emissions.
To support the mission, we are committed to measuring and improving their environmental impact. Our ESG policy is based on three main aspects: (1) periodically updated materiality assessments, (2) setting KPIs; and (3) measuring and improving impact while recording historical data.
Currently, the imbalance between energy supply and demand on the grid is being corrected using fossil fuel power plants. However, battery energy storage systems are able to take over this role, making the phasing out of coal-fired and gas-fired power plants possible.
Our system efficiently uses excess renewable energy by fully charging the battery. During times when there is a surplus of energy demand, the stored energy can be redistributed, avoiding the need for coal- or gas-fired power plants. To illustrate the environmental impact, a meter showing the cumulative CO. is shown below2 -indicates emissions that have been prevented by the use of our batteries. For detailed savings and sustainability information on our Buffalo battery, please visit the Dashboard page.
Large-scale energy storage of sustainable electricity has the potential to replace the balancing function traditionally performed by coal-fired and gas-fired power plants. Solar and wind energy generation can be unpredictable, but by storing excess energy during periods of overproduction, this green energy can be redistributed to meet the needs of individuals and businesses when necessary. This approach promotes a reliable, cost-effective and, above all, sustainable energy system that makes efficient use of locally generated energy.
By smoothing out the peaks in energy production, we ensure a more equitable distribution of space on the grid. This approach allows a greater number of private individuals, businesses and solar and wind energy producers to connect to the grid, improving overall accessibility and efficiency.
The supply chain of our GIGA batteries can be divided into 7 different phases, such as raw material extraction, battery assembly, transportation, installation and use, maintenance and care, end of life and recycling, and waste management. Although the use of large-scale energy storage during the operational phase has a positive impact on CO prevention2 emissions, the supply chain has an undeniably negative impact. In the battery supply chain, CO2 emitted during mining, aggregation, transportation and construction of the energy storage system. In addition, heavy metals such as lithium, iron, phosphate (minerals for LFP batteries) and nickel, manganese and cobalt (minerals for NMC batteries) are often processed in large-scale batteries. These metals are not infinitely available, which means that recycling and reuse are of great importance after the degradation of the battery systems.
GIGA Storage improves every project step by step. By conducting a Life Cycle Assessment (LCA), GIGA Storage has mapped out how much greenhouse gases are emitted in the supply chain of the Buffalo project. In addition, cobalt has been incorporated into the GIGA Rhino project, where GIGA Buffalo has been created completely cobalt-free. To the CO2 emissions in the Buffalo project, GIGA Storage also looked for more sustainable alternatives to construct the concrete foundation. See our paper on eco-concrete with elephant grass for project Buffalo. We also invite you to view our results from the LCA of the Buffalo project.
By contributing to the Fair Cobalt Alliance, GIGA Storage aims to make cobalt mining more humane and sustainable.
GIGA Storage donates 0,5% of annual profits to the GIGA Foundation.