Breakthrough 2030 — a sustainability plan shaped to reinforce Polarium’s role in unlocking endless energy.
Swedish-based Polarium develops storage solutions to maximize the potential of solar and wind installations for markets in Asia, Africa, Europe and North America. The company has a bold mission. By turning renewable energy into a dispatchable asset, it plays an important role in the transition to low-carbon energy solutions.
Breakthrough 2030 is the company’s sustainability plan for impact and integration. It is the what, why, how and who of delivering on its mission.
Pivot team members were tasked with developing a strategy framework and creating a platform for reporting on Polarium’s progress.
Breakthrough 2030 is the foundation of how sustainability is integrated into the company 's way of working and offering. It demonstrates how sustainability is central to Polarium's mission.
The sustainability report shows progress on Breakthrough 2030 and how:
Polarium’s mission to unlock endless energy goes to the heart of its contribution to society and what it’s doing to deliver it
Sustainability is helping build a more resilient company
The company provides lasting value for society, customers, employees, owners and other stakeholders.
The report was a sister document to the Polarium Annual Report 2022. It is written in accordance with the Global Reporting Initiative.
A third party conducted a limited assurance assessment of the report.
Some learnings on the sector’s sustainability journey:
Here are some trends shaping the energy landscape and accelerating the demand for energy storage solutions to 2030 and beyond.
In the next 30 years, the world needs to move from 80% dependency on fossil fuel to 90% on renewables.
20x growth in demand for energy storage solutions to 2033.
4% increase in efficiency gains are needed every year to reach net zero by 2050
Renewable energy and energy storage in the context of off-grid solutions have the potential to end energy poverty.
Energy storage solutions that are stable, sustainable, and ethical have a vital role to play in the transition to renewable energy and to an energy landscape that keeps global warming below 1.5°C