Coral and Nissan Formula E Team Press release: The team joins forces with software company Coral to neutralize its 2022/23 emissions through advanced carbon credit platform.

Coral, which specializes in reliably offsetting carbon emissions, has now released its report on the team’s total carbon dioxide emissions (CO2e) during the 2022/23 campaign of the all-electric series including travel, waste and energy usage at the factory. As part of its commitment to sustainability, and alongside its pledge to reduce the team’s emissions, Nissan Formula E Team will offset 100% of its Season 9 CO2e in 2024.

To achieve this, the team is working with Coral to purchase offsets from VAXA Technologies. This innovative biotech company produces Icelandic Ultra Spirulina (IUS) in a verified carbon-negative process, which converts clean energy to food (E2F) by leveraging resources from the adjacent geothermal plant.

Icelandic Ultra Spirulina uses just 0.0001% of the land and relies on 0.015% of the water used in conventional beef production, as evidenced in a recent publication from Cambridge University.

The credits purchased by Nissan Formula E Team will contribute towards VAXA’s Impact Nutrition ACTION food fortification programs in developing countries across Africa, Asia and South America, working with reputable NGOs to help reduce the gap on those living with nutritional deficiencies. This technological breakthrough project is looking to save more than 100 million tons of CO2e over the next 15 years while taking impact nutrition to those who need it most.