Altech Batteries (ASX:ATC) - 2 Feasibility Studies Due Q4: Batteries and Anodes
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Show Notes
Interview with Iggy Tan, MD of Altech Batteries Ltd
Our previous interview: https://www.cruxinvestor.com/posts/altech-batteries-atc-german-grid-storage-batteries-continue-to-advance-3249
Recording date: 3rd October 2023
Altech Batteries Ltd is a specialty battery company with operations in Australia and Germany. Altech has a joint venture with Fraunhofer IKTS, a German battery research institute, to commercialize CERENERGY® sodium chloride solid state batteries. CERENERGY® batteries are explosion-proof with a 15+ year lifespan. The joint venture plans a 100MWh production facility in Saxony, Germany to produce 1,000 1MWh battery GridPacks annually.
Altech also has a majority stake in Altech Industries Germany GmbH, conducting a feasibility study for a 10,000 tonne per annum silicon/graphite anode coating plant in Saxony. The plant would produce Altech's patented Silumina AnodesTM for the European electric vehicle market. Silumina AnodesTM increase battery energy density 30% over conventional lithium-ion batteries.
Additionally, Altech aims to produce 4N high purity alumina through a 4,500 tonne per annum processing plant in Johor, Malaysia. Feedstock will come from Altech's kaolin deposit in Western Australia. The project has completed initial construction and has financing approved from KfW IPEX-Bank.
Altech is securing additional project finance through potential partners and green bonds to fully fund the Malaysia high purity alumina project.
View Altech Batteries' Company Profile: https://www.cruxinvestor.com/companies/altech-batteries