Altech Batteries (ATC) - German Grid Storage Batteries Continue to Advance

Interview with Martin Stein, CFO of Altech Batteries (ASX: ATC)Recording date: 22nd June 2023Altech Batteries Ltd is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialise the revolutionary CERENERGY® Sodium Chloride Solid State (SCSS) BatteryCERENERGY® batteries are the game-changing alternative to lithium-ion batteries. CERENERGY® batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concernsThe joint venture is commercialising its CERENERGY® battery, with plans to construct a 100Mwh production facility on Altech’s land in Saxony, Germany. The facility intends to produce 1,000 1MWh CERENERGY® battery GridPacks per annum to provide grid storage solutions to the market.