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Altech Batteries (ASX:ATC) has notched a significant breakthrough in its Silumina
Anodes battery material technology thanks to a 55 per cent increase in its lithium battery anode energy capacity.
In a news release, Altech Batteries said that it has now been able to improve on a previous 30 per cent energy increase by merging alumina-coated silicon particles with battery-grade graphite to create a composite graphite/silicon anode for the lithium-ion battery electrode.
To achieve this milestone, the company conducted a series of tests that demonstrated the lithium-ion battery anode material showed an average energy retention capacity of 500 aAh/g, which is much higher than the average 320 mAh/g for a standard lithium-battery anode.
“We are thrilled with the significant progress we have made in overcoming the critical challenges associated with using silicon in lithium-ion battery anodes,” Iggy Tan, CEO of Altech Batteries, said in a statement. “Our breakthrough technology represents a major step forward in unlocking the full potential of silicon in lithium-ion batteries.”
Tan added that the company believes its lithium-ion batters could revolutionize the battery industry and that the company is commissioning a pilot plant to scale up the technology to bring it to market.
Altech Batteries is focused on commercializing a sodium chloride battery production facility in Germany for the European grid energy market in addition to developing its battery materials for lithium-ion batteries.
Shares of Altech Batteries last traded at AU$0.042.
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