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polarium

Enabling endless energy through great energy storage solutions

Quick info
FOUNDED
ceo
Vargas partners
Description

Polarium provides smart and sustainable turnkey energy storage solutions built on lithium-ion battery technology, that enable customers to optimise the way they use energy and power. The company is headquartered in Stockholm, Sweden, with factories in Mexico, Vietnam and South Africa. To date, Polarium has made more than 440,000 installations in over 70 countries – on all continents and in all climate zones.

PUSHING

the

TECHNOLOGICAL

boundaries

forward

The foundation of Polarium’s market leadership is an entrepreneurial spirit, coupled with a strong customer and technology focus. Pushing the technological boundaries forward, the company identifies new ways for energy storage to decrease energy costs and carbon dioxide emissions.

Enabling

the

transiton

To

Renewable

energy

Storing renewable energy is one of the greatest barriers to the clean energy transition. That is why we are here. To create the best energy storage in the world. Using our solutions, customers can secure capacity, reduce energy costs and create new revenue streams – while enabling the transition to renewables.

Stefan Jansson, CEO

Batteries

0

k

Number of batteries installed

COUNTRIES

0

+

Installations from Ghana to Svalbard

NET SALES 2022 (SEK)

0

,

0

m

2022 was a record year

GROWTH 2018-2022

0

%

Compounded annual growth rate

polarium timeline

On a rapid journey to empower a smart and sustainable world.

2023

Partners with Altris

To explore sodium-ion battery technology in its energy storage solution

Launches residential offering

Polarium is joining forces with electricity company Tibber to launch the smart and user-friendly home battery Homevolt

Polarium expands within light industry with Energy Optimization contracts

Extends global presence to Australia

Polarium is establishing local offices in Sydney and Melbourne and continues to invest in local presence

2022

Polarium secures funding

Raises approx. SEK 1,175 million from the Swedish pension fund AMF and three additional investors, on a $1 billion valuation

New factory and expanded partnership with ATC Africa

Polarium starts production in its third factory in Cape Town, South Africa, and closes a multi-million dollar deal with American Tower Corporation (ATC) in Africa

Pilot project with Ariem

Polarium in pilot project with Nordic property owner Areim to deliver smart energy storage for large-scale real estate deployment  

Partnering with Telia Company

Polarium and Telia Company launches a pilot project to develop energy optimization systems

Polarium and CTEK to develop energy storage for electric vehicle charging

2021

Partnering with Northvolt

Polarium and Northvolt initiate a long-term partnership in which Northvolt will supply Polarium with green and recyclable lithium-ion battery cells

New factory in Vietnam

Polarium starts production in its second factory, in Hai Phong, Vietnam, to serve the increasing number of customers in the Asia-Pacific region  

2020

New business segment

Polarium moves from focusing on the telecom sector to also expanding into the C&I business segment

2019

Market leadership

Polarium is recognised as the leading provider of reserve power for telecom operators and tower companies

2018

Polarium opens its first factory

In Guadalajara, Mexico, with a manufacturing capacity of 300,000 batteries/year

2017-2016

First energy storage solution

Polarium develops and sells its first energy storage solution built on lithium-ion battery technology

2015

Polarium is launched

With the purpose to empower a smart and sustainable world

2014

Polarium is validated

The business case for energy storage solutions built on lithium-ion battery technology to secure much needed reserve power was validated by Stefan Jansson, Carl-Erik Lagercrantz and Harald Mix

driving

sustainability

throughout

our

value

chain

Polarium and our solutions are enablers for a sustainable energy system. And we are determined to have a positive impact in the way we make that transition happen. We work towards a circular business model while taking responsibility and driving sustainability throughout our value chain.

Karin Askelöf, Head of Sustainability

news

more about polarium