Elkem

Environmental & Social Information • Dec 14, 2021

Vianode progress update - December 2021

Vianode progress update - December 2021

Vianode, established by Elkem as a new company and brand dedicated to advanced

battery materials, is progressing its work.

In 2021, Vianode has successfully onboarded 30+ highly qualified employees and

opened its industrial pilot plant in Kristiansand, Norway. Several processes

with potential customers and investors are currently ongoing and expected to

proceed into the new year. A potential investment decision for a fast-track

development is therefore expected in the first half of 2022.

"The booming market for batteries and battery materials continues. The growth in

electric vehicles is strong and accelerating, and we are in close dialogue with

many of the world's top battery cell producers," says Vice President in Vianode,

Chris York.

"The interest in Vianode as a relevant battery material supplier is strong. We

are focused on verifying our process technology equipment advancements and

mature our industrial project plans.  In addition, Vianode is awaiting

clarifications related to framework conditions in Norway. This business

represents cutting-edge technology development and we have been clear that a

positive investment decision for a large-scale battery materials plant in Norway

will require competitive public support mechanisms and supportive government

policies," says York.

2021 has been an eventful year for Elkem and Vianode. In April, Elkem

successfully commissioned the industrial pilot for battery materials in

Kristiansand, Norway, starting industrial scale pilot production for customers.

In May, Vianode was established as a new company and brand dedicated to

strategic growth opportunities in advanced battery materials. In August, Vianode

secured an additional lease in Herøya to enhance its industrial production

entrance into material supply for EV batteries.

Throughout the year, more than 30 new colleagues have been onboarded to the

organization towards a total head count of more than 50 employees. Vianode has

recently also been nominated for the "Special award" in the ranking of Norway's

smartest industrial companies, presented by Siemens and the Federation of

Norwegian Industries.

"The Vianode team will continue its progress and close dialogue with potential

customers, partners and government representatives in the coming weeks and

months. The production of battery materials represents one of Elkem's biggest

growth opportunities, and we are excited about the opportunities for Vianode in

2022," says York.

For more information:

Odd-Geir Lyngstad, VP Finance & Investor Relations, Elkem ASA

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.no

Hans Iver Odenrud, Corporate Communication Manager, Elkem ASA

Tel: +47 958 16 230

Email: hans.iver.odenrud@elkem.no

About Vianode, an Elkem company

Vianode, an Elkem company, is a producer of sustainably engineered battery

materials that increases safety and reduces charging time in electric vehicles

and enables better solutions for energy storage applications. Please also visit

www.vianode.com.

About Elkem

Elkem is one of the world's leading providers of advanced material solutions

shaping a better and more sustainable future. The company develops silicones,

silicon products and carbon solutions by combining natural raw materials,

renewable energy, and human ingenuity. Elkem helps its customers create and

improve essential innovations like electric mobility, digital communications,

health, and personal care as well as smarter and more sustainable cities. With a

strong track record since 1904, its global team of more than 6,800 people has a

joint commitment to stakeholders: Delivering your potential. In 2020, Elkem was

rated among the world's top 5% on climate and achieved an operating income of

NOK 24.7 billion. Elkem is listed on the Oslo Stock Exchange (ticker: ELK).

www.elkem.com