polarium

Unlocking endless energy through great energy storage solutions

Quick info

FOUNDED

2015

ceo

Leif Ottosson

Vargas partners

Harald Mix, Chairman

polarium.com

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 production facilities in South Africa and Vietnam, and customers worldwide, from Ghana to Svalbard. Polarium was founded in 2015 on the conviction that safe, smart and sustainable energy storage solutions will be key to empower the transition to a truly sustainable energy future. Today, the company has installed more than 440,000 energy storage solutions in over 70 countries.

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.

polarium timeline

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

Partners with Altris

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

2023

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.

news

more about polarium

polarium

Quick info

Description

PUSHING

the

TECHNOLOGICAL

boundaries

forward

polarium timeline

Partners with Altris

2023

Launches residential offering

Polarium expands within light industry with Energy Optimization contracts

Extends global presence to Australia

2022

Polarium secures funding

New factory and expanded partnership with ATC Africa

Pilot project with Ariem

Partnering with Telia Company

Polarium and CTEK to develop energy storage for electric vehicle charging

2021

Partnering with Northvolt

New factory in Vietnam

2020

New business segment

2019

Market leadership‍

2018

Polarium opens its first factory

2017-2016

First energy storage solution

2015

Polarium is launched

2014

Polarium is validated

driving

sustainability

throughout

our

value

chain

news

more about polarium

Leif Ottosson Appointed New CEO of Polarium

Polarium and Stella Futura in Strategic Partnership

Polarium contributes to project with Telia and the Swedish Post and Telecom Authority

Polarium secures project in Portugal with LCpower

Polarium raises SEK 500 million from existing investors

Polarium announces change in Board of Directors

Clas Gunneberg appointed new CEO of Polarium

Polarium launches new Homevolt production site Polarium X2

Polarium completes its first-ever BESS installation in Japan

Kempower and Polarium to boost DC fast charging solutions

Polarium partners with Altris to explore sodium-ion battery technology in its energy storage solutions

The battery boom: Svea Solar and Polarium collaborate to simplify energy storage

Polarium partners with Telenor for cutting-edge connectivity solutions

Polarium raises SEK 436 million in directed rights issue

Polarium commits to set science-based emission reduction target

Polarium launches residential offering

Polarium expands within light industry with two new contracts

Polarium inaugurates a new technology center – Polarium X

Polarium extends global presence to Australia

FT lists Polarium among the fastest-growing companies in Europe

Polarium to Install Energy Optimization System in Supermarket

Polarium welcomes Alecta, Formica Capital and Absolute Unlisted as new owners

Polarium raises SEK 178 million to continue its expansion

AMF invests SEK 955 million in Polarium

Polarium starts production in new factory in South Africa

Polarium announces and a new factory and multi-million dollar deal with ATC Africa