Creating Sustainable Value! VREMT Carbon Neutrality White Paper Released

2023-11-14 | VREMT

Seize the Opportunity and Create Sustainable Value

The illustration

VREMT Carbon Neutrality White Paper

VREMT

Against the backdrop of the drastic climate change, with the vision of "Cleaner Energy, Healthier World”, VREMT lives up to the mission of "providing excellent sustainable energy solutions for the world”, striving for the realizaton of the national "30-60" dual-carbon goals while promoting the green and low-carbon transformation

General Manager of Viridi E-Mobility Technology (NingBo) Co., Ltd


About VREMT

VREMT provides one-stop energy services for the whole hardware and software industry chain across R&D, production, marketing, products and users.

Batteries Products

With diversified industry-leading roadmaps and full-stack self-research capabilities, VREMT provides new energy power battery solutions to address safety, performance and supply challenges across all scenarios

Typical Products:

EV BE12 model, ultra-fast replenishment, extreme safety, high maintainability, intelligent temperature control, ultra-long endurance

VREMT

Electric Drive Products:

Redefine the value of electric drive system by exploring new materials, new technology, artificial intelligence and other advanced technologies to realize the deep integration of function, performance and structure.

Typical Products:

EDS1, high efficiency, excellent performance, great reliability and safety, long service life

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Charging Products

Tackle the problem of difficult, slow and poor charging experience, increase the voltage and current of the charging piles, and meet the users' demand for effective energy replenishment and flexible range.

Typical Products:

Ultra fast liquid-cooled charging platform HPC, ultra fast charging experience, ultra intelligent power distribution, ultra low operation and maintenance costs, ultra thin liquid-cooled charger cable, ultra strong charging compatibility, extra protection.

VREMT

Energy Storage Products

From high-precision battery technology to energy storage technology, from pack-level energy storage parts to smart microgrid, VREMT provides one-stop energy services for the whole hardware and software industry chain across R&D, production, marketing, products and users.

Typical Products:

Household energy storage, home smart microgrid, flexible and visually appealing, safe and stable, ultra-thin design, safe and reliable, smart home SGC

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Carbon Governance Structure

In order to achieve the goal of carbon neutrality, VREMT has established a top-down carbon governance system

Board of Directors

Supervision Team

   Sets goals and strategies and oversees carbon management.

Carbon Neutral Task Force

Management Team

   Responsible for cross-departmental resource integration and deployment, decision-making, review and approval.

Function Departments:

Execution Team

   Responsible for the planning and implementation of emission reduction activities within the team.


Board of Directors:

Supervision Team

Discusses and formulates short-, medium- and long-term emission reduction targets

Formulate carbon neutral strategies;

Oversee carbon management efforts and progress.

Carbon Neutral Task Force

Management Team

Carry out carbon management work under the supervision and leadership of the Board of Directors

Cross-departmental resource integration and deployment!

Decision-making, review and approval of related carbon neutral programs and report to the Board of Directors timely.

Function Departments:

Execution Team

Each department within the team is responsible for the planning and implementation of related emission reduction work, such as product design, factory construction, supply chain management, quality supervision, cooperative access, and operation management.


Carbon Neutral Strategies and Goals

VREMT aims to achieve carbon neutrality in the value chain by 2040, and supports the strategy through emission reduction on the operation side, product side and scenario side.

Guided by the strategy of achieving carbon neutrality in the value chain by 2040

The implementation of emission reduction on the operation side, product side and scenario side

Products

Green Design + Recycled Materials + Green Energy

Operation

Digital Management +Process Energy Saving + Green Energy

Scenarios

Creating zero-carbon energy, industry, transportation and building solutions to help meet

the Carbon Neutrality Goal

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Society-wide Emission Reduction Roadmap

Building

Transportation

Industry

Electricity

Others

Carbon Neutral Pathways

Operation of Carbon Management

VREMT actively takes measures to minimize carbon emissions at the operational level.

Scope 1+2 Emissions

1,342.54 tons of carbon dioxide equivalents

18,221.39 tons of carbon dioxide equivalents

Scope 1

Scope 2

Scope 1+2 Emissions by Emission Sources

Natural gas combustion (process combustion furnace, incineration of VOCs, cafeteria stoves)

Diesel combustion (internal forklifts, trucks)

CH4leakage (factory septic tank )

State Grid off-grid energy

Energy saving and consumption reduction

Develop internal systems and documents to standardize and regulate energy consumption.

Energy Management Practices

Production Environment Management Practice

Intelligent Energy Management

Develop an intelligent energy management platform to realize digital energy management

Intelligent analysis and processing of big data

Remote real-time equipment data monitoring

Safety prediction and early warning

Five Highlights

System condition assessment

Intelligent operation and maintenance

Zero-Carbon Factory

Build a demonstration zero-carbon energy storage factory

Fully utilize renewable energy, expected to achieve use of 100% green electricity

Installed capacity of rooftop photovoltaic: approx. 900kWp

Average annual power generation: approx.1.057 million kWh

Annual reduction in carbon emissions: 997 tons of carbon dioxide equivalents

Promote Energy Efficiency

Develop an overall low-carbon program to reduce energy use

Introduce energy-saving technologies to improve production line design

Improve existing equipment with photovoltaics + energy storage

Utilize high efficiency heat recovery devices for waste heat recovery

Increase single dehumidifiers

Utilize AGVs

From January to July 2023, power saved on the battery production line: approx. 262,000kWh

Achieved emission reduction: approx. 1,494 tons of carbon dioxide

Clean Electricity

Construct distributed energy systems and microgrids, configure energy storage systems, digitalize the management to accelerate clean and low-carbon transformation.

Ningbo base Phase I PV project has been put into operation;

The planned capacity of Quzhou PV project reaches 78MWp

The planned capacity of Hangzhou PV Project reaches 11.24MWp

Green Building

Optimize building layout and select energy-saving equipment to achieve emission reduction

The plant construction complies with the Unified Energy Efficiency Standard for Industrial Buildings GB 51245-2017

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Continuously track the release of relevant national and local energy-saving products (equipment) catalogs

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Adopt energy recovery charging and discharging equipment

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Realize synergistic carbon reduction

Promote the concept of green and low carbon, and explore energy-saving efforts in factories and offices.

Explore incentive mechanisms for employees to encourage low-carbon actions, shuttle bus transport, carpooling, etc.

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Explore new sustainable processes and build sewage treatment stations for household sewage, production sewage and initial rainwater

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Value Chain Carbon Management

Ex-factory logistics: 2,403.83 tons of carbon dioxide equivalents

Inbound logistics: 4,561.84 tons of carbon dioxide equivalents

Upstream procurement: 645,482.77 tons of carbon dioxide equivalents

Scope 3 emissions by category

Electric drive: 56,176.80 tons of carbon dioxide equivalents

Battery: 588,870.91 tons of carbon dioxide equivalents

Energy storage: 435.06 tons of carbon dioxide equivalents

Commodity emissions from upstream purchases of each business line (excluding e-business)

Carbon footprint measurement and analysis

A full life cycle carbon emission assessment of all battery products and some electric drive and cell products was conducted using the life cycle assessment (LCA) method based on industrial production processes, and the carbon footprint reduction target (cradle to gate) of the year 2025 for the power battery assembly was set.

Low Carbon Products and Design

Design and develop green, low-carbon, environmentally friendly and technically advanced high-performance batteries to promote low-emission vehicles. Develop leading electric drive products to reduce vehicle emissions, expand into more low-carbon scenarios, and comprehensively strengthen the competitiveness of clean energy products.

VREMT

Low Carbon Materials and Procurement

With 154 suppliers and 100% of key components sourced from top suppliers, VREMT is planning to implement performance and share-based incentives to promote the use of green energy and carbon neutrality among suppliers.

In terms of green power usage in aluminum production, VREMT requires:

In the production of aluminum ingots (i.e., pure aluminum produced in the aluminum electrolysis process), use 100% green electricity

The carbon footprint (cradle-to-gate) for aluminum ingots is no more than 4kg CO2e/kg

By 2025, production of all new projects will use 100% green electricity and provide a carbon compliance report for 2025 by the end of 2024.

Low carbon storage and logistics

Actively exploring low-carbon warehousing, VREMT proposes low-carbon warehousing solutions based on three perspectives, namely building design, equipment selection and operation management, aiming to significantly improve the efficiency of energy use and reduce energy consumption and emissions of transportation, packaging and other processes by optimizing logistics operation.

The current packaging materials are nearly100% recycled materials

Low Carbon Recycling

VREMT actively promotes material recycling, cooperates with qualified third-party recycling suppliers, categorizes products, and reuses recyclable materials to achieve an all-win situation in terms of economic benefits, environment protection and social values.

At present, VREMT requires suppliers to use recycled materials in aluminum and steel parts for its battery products, and the percentage of recycled materials in the parts is around 15%-20%

Recycling suppliers are required to achieve a nickel-cobalt-manganese recycling rate of

98% at the end of the battery life cycle

Contribute to the carbon neutrality of the industry and society

Build a green energy town in Quzhou

Adhering to the trinity of ecology, science and technology, and humanities, VREMT has built miniaturized zero-carbon park integrating industry, agriculture, transportation, and typical human habitats. In this green energy town in Quzhou, VREMT explores lifestyles and energy use modes in the carbon-neutral era

Digital Exhibition Hall Scenarios

Digitized and Intelligent Lifestyle

Energy Think Tank

A brain for energy monitoring that visualizes the smart lifestyle

Through real-time monitoring of energy data and whole-link energy solutions, VREMT builds a complete smart energy ecosystem that digitalizes and visualizes smart lifestyles in real-time


Green Matrix

Green Energy Innovation Island

Green Heart

Zero Carbon Industrial Scenarios

Zero Carbon Empowerment for Industry and Commerce

Sources: Wind Power, Rooftop PV, Curtain Wall PV

Grid: Microgrids

Load: Charging Pile

Storage: Energy Storage

VREMT

Zero Carbon Municipal Scenarios

Zero Carbon City Lifestyle

Photovoltaic Forest (Municipal Landscape)

Photovoltaic Street Light (Municipal Lighting)

Photovoltaic Seating (Municipal Leisure)

VREMT

Zero Carbon Transportation Scenarios

Zero Carbon Smart Mobility

Low Carbon Mobility

Easy Energy Replacement

Zero Carbon Tunnel

Road Lighting, Indicator Lights

ETC, traffic monitoring power supply

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Zero Carbon Agriculture Scenarios

Zero Carbon Smart Modern Agriculture

Photovoltaic Agriculture

Energy Storage for Greenhouse Lighting

Mobile Energy Storage for Agricultural Machinery Energy Replenishment

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Empower low-carbon industrial transformation

The energy products offered by VREMT can link energy storage with photovoltaics, charging products, telecommunication products, heat pumps, air conditioners and other power-consuming equipment through the intelligent console under different usage scenarios. They can provide comprehensive energy management solutions, build an integrated energy business ecosystem, form a comprehensively developed new energy ecosystem, and boost the low-carbon transformation of industries.

VREMT Energy Storage Project No. 1 of 2022 is expected to reduce electricity costs by 22.8910 million yuan within 20 years after completion

Improvement of the safety and stability of electricity consumption in the plant will be conducive to 100% grid connection and consumption of distributed photovoltaic in the plant.

Build a green industry

Having joined a number of industry associations, VREMT will work together with colleagues in the new energy vehicle charging industry to promote the ultra-fast charging technology, build a high-quality charging industry, and bring a more convenient, greener, and safer experience to energy users around the world.

Member of 7 industry leading associations

EESA, China Energy Research Society (CERS), China Energy Storage Alliance (CNESA), China Battey Industry Association (CNBIA), Shanghai New Energy Industry Association (SNEIA), China Industrial Association of Power Sources (CIAPS), Jiangsu Energy Storage Association (JSESA)

Create Green Value for Society

With strategic cooperation with many local government departments and enterprises, VREMT’s charging eco-product matrix and ultra-fast technology platform have been adopted in different scenarios, such as public fast charging stations, shopping malls, office buildings, neighborhoods, and municipal facilities, to promote the energy saving and emission reduction

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Under support of Geely Holding Group, VREMT has successfully established a world-leading R&D and manufacturing system and set in place a universal and all-scenario technology roadmap revolving around NEVs and industrial energy storage. Catering to new requirements and scenarios of energy consumption in the new era, VREMT has built a tight partnership with user-type enterprises, such as ZEEKR, Geely, and Volvo, and top energy enterprises, e.g., State Grid, SPIC, or PowerChina. Through continuous innovation in NEV power battery packs, electric drive systems, charging systems and industrial energy storage systems, VREMT is committed to becoming an integrated energy company with insightful understanding of user experience.

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