T1 Energy Inc. · NYSE:TE
T1 Energy — Alussa Energy Acquisition Corp. II — Investor Presentation (June 2021)
18 slides from T1 Energy's investor presentation, Jun 22, 2021
Slide 1: Battery Storage: A Key Enabler for the Energy Transition
BATTERY STORAGE: A KEY ENABLER FOR THE ENERGY TRANSITION MARKET PERSPECTIVE JUNE 22, 2021 JARAND RYSTAD CEO, RYSTAD ENERGY
Slide 2: The global energy system – towards a complete transition
The global energy system – towards a complete transition Heat Work Light/ Use as Electricity Primary energy Refine fuel Make electrons Distribution & Storage Calc. material Molecules Transmission Heat Buildings Solar Electricity • Heat/cool Wind • Cook/clean H2 green Fuelcell • Work/play Other renew
Slide 3: Inherent decarbonizing potential: Batteries, hydrogen and CCS address most CO2 emissions
Inherent decarbonizing potential: Batteries, hydrogen and CCS can address vast majority of CO2 emissions F-gases Global greenhouse gas emissions by gas, 2018 3.1% Carbon dioxide (CO2) Methane (CH4) 17.8% 53 Gt CO2e 74.0% Nitrous oxide (N2O) 5.2% Oil&gas production 1% Coal production 38 Gt CO2 Metals
Slide 4: Inherent decarbonizing potential: Battery storage most mature
Inherent decarbonizing potential: Battery storage most mature – applications expanded as we speak F-gases Global greenhouse gas emissions by gas, 2018 3.1% Carbon dioxide (CO2) Methane (CH4) 17.8% 53 Gt CO2e 74.0% Nitrous oxide (N2O) 5.2% Electrification + H2 + CCS Electrification + H2 Oil&gas produ
Slide 5: Oil covers 91% of transport end use today – 70% will be substituted by 2050
Oil covers 91% of transport end use today – 70% will be substituted by 2050 Final energy demand from work and transportation – stress testing of governmental policies scenario EJ 80 2% 5% 2% 70 14% Share of final energy demand by transportation sector 2020 60 91% 50 Electricity 65% 40 Methane Biofue
Slide 6: Steep growth of EV sales in several countries
Steep growth of EV sales in several countries Passenger cars Historical development in EV sales share for selected countries* Sweden France China Norway Q1 2021 Q1 2021 40% 35% Q1 2021 9% 20% 10% 31% 15% 100% 30% 15% 6% 11% 4% 5% 90% 20% 11% 10% 5% Q1 2021 8% 2% 80% 81% 10% 3% 4% 5% 5% 2% 2% 3% 1% 1
Slide 7: Close to 100% EV adoption of new sales needed by 2040 to reach 1.5 DG
Close to 100% EV adoption of new sales needed by 2040 to reach 1.5 DG Passenger vehicles EV share in total passenger vehicle sales forecast by scenario* Percent 98% 99% 100% RE 1.5 DG is forecasted with the aim of not exceeding 1.5 DG global 96% 90% 84% warming wth 50% probability RE 1.5 DG is consi
Slide 8: Continued cost decline will place wind and solar at par with fossil fuel and nuclear
Continued cost decline will place wind and solar at par with operating cost of fossil fuel and nuclear LCOE of global solar PV and wind projects by start-up year (2010-2030) and forecasted LCOE (2030-2050) USD/MWh 300 History Forecast 277 250 200 150 126 105 100 64 50 42 57 Existing fossil fuel and
Slide 9: Grid balancing can come from a combination of solar PV and wind
Grid balancing can come from a combination of solar PV and wind, but that require grid capacity Combination of solar PV and wind Moree PV farm High wind resources High solar resources Hallet wind farm Capacity factor for Hallet wind farm and Moree solar PV farm over time Percentage 60% Hallet Moree
Slide 10: Increased use of batteries reduces need for transmission line upgrades
However, increased use of batteries reduce the need for costly and complicated transmission line upgrades Battery Solar Wind Hydro Nuclear Fossil Transmission grid Distribution grid Battery Solar Wind Fossil Batteries will be Electric implemented at every Battery Industry aviation level of the grid,
Slide 11: A ramp up of grid-scale batteries is required for the renewables boom
A ramp up of grid-scale batteries are required for the renewables boom to be viable Hypothetical California1,2 without natural gas Gigawatt Storage need per cycle: 187-256 GWh = 170%-230% renewable capacity 70 Consumption direct To storage Consumption from storage 60 50 40 30 20 10 0 01:00 07:00 13:
Slide 12: The declining price of storage is spurring investments into batteries
The declining price of storage is spurring investments into batteries Capital cost development for selected known battery storage projects Global installed utility-scale battery capacity USD/kWh (real) GW 1000 30 Expected Utility-scale grid storage 26 200 Grid storage capacity MWh 25 25 24 800 20 18
Slide 13: Global primary energy mix getting green
Global primary energy mix getting green Total global primary energy EJ Historical Forecast 700 Traditional Bio Coal 600 Oil Natural Gas 7% Nuclear 18% 500 Modern biomass and waste Geothermal 48% Hydro 400 Wind Solar 74% 300 200 100 - 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2
Slide 14: ..and then electric – but at least 35% will come via storage
..and then electric – but at least 35% will come via storage Total global primary energy EJ Historical Forecast 700 Wood Coal 600 Liquids Methane Heat 500 Hydrogen/Ammonia Electricity Storage: Electricity via storage 23% 35% 400 Losses from el gen 73% 300 200 H2: 9% 100 - 1965 1970 1975 1980 1985 19
Slide 15: An even faster shift needed in US to be compliant with net zero ambition
An even faster shift needed in US to be compliant with the net zero ambition Total US primary energy, by primary source Total US primary energy, by energy carrier EJ EJ Historical Traditional Bio Historical 100 Wood Coal 100 Coal Oil Liquids Natural Gas Methane 90 Nuclear 90 Heat Modern biomass and
Slide 16: Annual global battery demand to skyrocket towards plateau of 20 TWh
Annual global battery demand to skyrocket towards plateau of 20 TWh Energy related* battery demand potential Terawatt hours (TWh) 20 TWh equals: Peak demand: 20 TWh 20 200 factories of Stationary storage 100 GWh a piece Aviation Shipping 15 200 x HCV MCV 10 LCV Today: Buses ~100 factories Passenger
Slide 17: The Battery market is poised for exponential growth through the 2020s and beyond
The Battery market is poised for exponential growth through the 2020s and beyond Sweeping policy changes in the US and EU to decarbonize the power sector are accelerating shift to renewables, with Battery ESS playing a key enabling role Similar to EVs, we expect comparably rapid cost declines as Bat
Slide 18: About Rystad Energy
Rystad Energy is an independent energy consulting services and business intelligence data firm offering global databases, strategy advisory and research products for energy companies and suppliers, investors, investment banks, organizations, and governments. Rystad Energy’s headquarters are located
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