Join our daily newsletter At The Bell to receive exclusive market insights
Altech Batteries Ltd (ASX:ATC) has completed its first prototype of the CERENERGY Sodium Chloride Solid State (SCSS) Battery which has been the cornerstone of the company’s development, reporting that the CERENERGY® 60 KWh prototype is now operating and undergoing daily testing with a battery test station in Germany.
Altech said the prototype had been installed at the test laboratory of its joint venture partner – Fraunhofer IKTs – located in Dresden, and integrated into a custom-built battery test station, where it was already outperforming initial expectations.
In particular, it had shown the ability to maintain excellent thermal stability, a crucial factor in high-capacity energy storage systems.
According to the battery test station setup, daily charging and discharging cycles are facilitated to check the battery’s efficiency, stability and overall performance under real-world conditions.
Altech CEO and managing director Iggy Tan said getting the prototype into operation was an important milestone.
“We are extremely pleased that the first CERENERGY® 60kWh battery prototype is now up and running and operating better than expected, reconfirming our confidence in the sodium-chloride solid-state battery technology developed by the world-leading Fraunhofer Institute in Germany,” he said.
“Using common table salt technology and without the requirement for lithium, copper, cobalt, graphite and manganese, the CERENERGY® battery can operate in a wide range of temperatures and has a life of 15 years, around double that of lithium-ion batteries.
“The prototype can now be demonstrated under real-world conditions, providing critical data for off-take parties. This will be invaluable as Altech pushes forward with sales and finance to construct the first 120MWh plant.
“With the first Letter of Intent for 30MWh of offtake with Schwarze Pumpe Industrial Park
recently announced, we envisage that having the CERENERGY® 60kWh battery prototype up and running and exceeding expectations, will further assist in the offtake process.”
Altech has been trading at 3.8 cents.
Join the discussion: See what HotCopper users are saying about Altech and be part of the conversations that move the markets.
