Farasis Energy, Inc.
Farasis Energy, Inc., a leading player in the energy storage sector, is headquartered in the United States, with significant operations across Asia and Europe. Founded in 2009, the company has rapidly established itself as a key innovator in lithium-ion battery technology, catering primarily to the electric vehicle (EV) and renewable energy markets. Farasis Energy is renowned for its high-performance battery solutions, which are distinguished by their energy density, safety, and longevity. The company’s commitment to sustainability and advanced manufacturing processes has positioned it as a preferred partner for major automotive manufacturers and energy providers. With a focus on research and development, Farasis continues to achieve notable milestones, solidifying its market position as a trusted name in the evolving landscape of energy storage solutions.
DitchCarbon Score
How does Farasis Energy, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Farasis Energy, Inc.'s score of 29 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farasis Energy, Inc.'s reported carbon emissions
In 2022, Farasis Energy, Inc. reported total carbon emissions of approximately 36660000 kg CO2e for Scope 1, 418506000 kg CO2e for Scope 2, and 424786000 kg CO2e for Scope 3. This data indicates a significant reliance on indirect emissions, particularly in Scope 2 and Scope 3, which are critical areas for improvement in their climate strategy. Comparatively, in 2021, the company recorded emissions of about 38340000 kg CO2e for Scope 1, 146676000 kg CO2e for Scope 2, and 256293000 kg CO2e for Scope 3. In 2020, the figures were approximately 28243000 kg CO2e for Scope 1, 228050000 kg CO2e for Scope 2, and 123270000 kg CO2e for Scope 3. This data suggests fluctuations in emissions, particularly in Scope 2, which saw a notable increase from 2020 to 2021 before rising dramatically in 2022. Despite these emissions figures, Farasis Energy has not publicly disclosed specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The absence of documented reduction targets indicates a potential area for development in their climate commitments. As the company continues to navigate its environmental impact, establishing clear reduction goals will be essential for aligning with industry standards and addressing climate change effectively.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 28,243,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 228,050,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 123,270,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Farasis Energy, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
