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Altech Chemicals Limited ( (AU:ATC) ) has provided an update.
Altech Batteries Ltd is advancing its CERENERGY battery project with plans to build a 120MWh production facility in Saxony, Germany, to provide grid storage solutions. The company has secured sales offtake agreements covering the first five years of production and is working on financing the facility through a mix of debt, equity, and grants. Additionally, Altech is progressing with its Silumina Anodes project, having completed a pilot plant to produce commercial samples for the electric vehicle market. The project has received green accreditation and has partnerships with automakers and a battery company for testing.
More about Altech Chemicals Limited
Altech Batteries Ltd is a specialty battery technology company focused on commercializing innovative battery solutions. It has a joint venture with the German battery institute Fraunhofer IKTS to develop CERENERGY Sodium Chloride Solid State Batteries, which are an alternative to lithium-ion batteries. These batteries are designed to be fire and explosion-proof, have a long lifespan, and operate in extreme climates. The company is also involved in the development of Silumina Anodes, a high-capacity silicon graphite product for the electric vehicle market.
Average Trading Volume: 1,942,961
Technical Sentiment Signal: Sell
Current Market Cap: A$86.19M
Find detailed analytics on ATC stock on TipRanks’ Stock Analysis page.