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Altech Batteries (ASX:ATC) has seen a boost to its CERENERGY sodium chloride solid state (SCSS) battery project – whose prototype launched in October – receiving an enthusiastic environmental assessment from the Centre of International Climate and Environmental Research in Norway.
The independent body, which now falls under the umbrella of Standard and Poor’s global ratings, placed CERENERGY in the ‘dark green’ category.
What this means is that Altech has achieved the highest possible green rating.
Projects in this category are described as ‘activities that correspond to the long-term vision of a LCCR (low carbon and climate resilient) future. Altech believes this is based on CERENERGY’s status as battery tech with the lowest carbon footprint, and lowest supply chain requirements, as well as dealing responsibly – and in line with environmental principles – when it comes to raw materials.
Altech managing director Iggy Tan said the dark green categorisation demonstrates CERENERGY’s best credentials, in particular the project’s alignment with ICMA Green Bond Criteria.
“The project can now be accessed by investors that participate in the green bond market, the size of which is approaching US$250 billion annually and a large portion of which is present in Europe,” he said.
In October, CERENERGY launched a 60KWh prototype at the test laboratory of its joint venture partner – Fraunhofer IKTs in Dresden, Germany.
Altech has been trading at 4.5 cents.
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