Dragonfly Energy Holdings Corp.
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Renewable Energy
- Lead Acid Battery Replacement
Environmental Achievements
- Displaced lead-acid batteries, reducing lead exposure and environmental impact.
- Developed a non-flammable solid-state battery technology.
Social Achievements
- Created jobs in Nevada through vertical integration.
- Partnered with THOR Industries for a $15 million investment and exclusive supply agreement.
Governance Achievements
- Public listing on Nasdaq through a business combination with Chardan NexTech Acquisition 2 Corp.
Climate Goals & Targets
Long-term Goals:
- Revolutionize grid storage with all-solid-state batteries.
- Commercialization of solid-state battery technology in 2024.
Medium-term Goals:
- Achieve over $250 million in revenue and $41 million in adjusted EBITDA in 2023.
Short-term Goals:
- Expand into new markets (industrial equipment, solar integration, etc.)
- Introduce new battery products (new form factors, higher voltages).
Environmental Challenges
- Intermittency of renewable energy sources.
- Competition in the lithium-ion battery market.
- Supply chain disruptions and higher logistics costs.
Mitigation Strategies
- Development of solid-state battery technology for grid storage.
- Long-term supply agreements and buffer inventory for critical components.
- Focus on vertical integration to secure lithium supply.
Supply Chain Management
Responsible Procurement
- Long-term supply agreements
- Vertical integration for lithium supply
Climate-Related Risks & Opportunities
Opportunities
- Growth of renewable energy market
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 9 (Industry, Innovation, and Infrastructure)
- SDG 13 (Climate Action)
Dragonfly's technologies and initiatives contribute to these goals by promoting renewable energy adoption, improving energy storage solutions, and reducing reliance on fossil fuels.
Sustainable Products & Innovation
- Lithium-ion batteries
- Solid-state batteries
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:<6 kW per electrode
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Domestic Manufacturing
Environmental Achievements
- Significantly reduced manufacturing footprint by replacing large, energy-intensive equipment; reduced energy consumption to less than 6 kW of power per electrode.
Social Achievements
- Created domestic manufacturing jobs in Reno, Nevada.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Domestically produce nonflammable solid-state battery cells.
Medium-term Goals:
- Scale capacity with additional production lines as demand increases.
Short-term Goals:
- Begin cathode production in Q3 2023; produce fully American-made battery cells by Q4 2023.
Environmental Challenges
- Reliance on imported cells for battery production.
Mitigation Strategies
- Established a U.S. lithium battery cell pilot line to domestically produce LiFePO4 battery cells, reducing reliance on imported cells and vertically integrating battery production.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed