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 74% 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 424,786,000 kg CO2e across all scopes. This included about 36,660,000 kg CO2e from Scope 1, approximately 418,506,000 kg CO2e from Scope 2, and around 424,786,000 kg CO2e from Scope 3 emissions. In 2021, the company’s emissions were about 256,293,000 kg CO2e for Scope 3, with Scope 1 and Scope 2 emissions at approximately 38,340,000 kg CO2e and 146,676,000 kg CO2e, respectively. The 2020 emissions data showed a total of about 123,270,000 kg CO2e for Scope 3, with Scope 1 and Scope 2 emissions at approximately 28,243,000 kg CO2e and 228,050,000 kg CO2e, respectively. Despite these figures, Farasis Energy has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction commitments suggests a need for further transparency regarding their climate strategy. As a company operating in the energy sector, addressing carbon emissions is critical for aligning with global climate goals and enhancing sustainability practices.
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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.
