Uwe Ahrens (Altech), Prof Alexander Michaelis (IKTS), Iggy Tan (Altech) at IKTS test facilities in Dresden
Perth, July 5, 2022 AEST (ABN Newswire) - Altech Chemicals Ltd (
ASX:ATC) (A3Y:FRA) is pleased to announce that it has executed a framework agreement with leading German institute Fraunhofer IKTS ("IKTS"), as a strategic partner to expedite the testing and qualification process for the Company's Silumina AnodesTM product.
IKTS boasts labs, technical centres with outstanding equipment at its sites in Dresden (Saxony), Hermsdorf (Thuringia) and several other sites in Germany. IKTS is considered as one of, if not the leading know-how and research centre for battery materials in the world . IKTS recently opened their Battery Innovation and Technology Center (BITC) in Arnstadt.
The main objective of the strategic partnership is for IKTS to independently test the long-term performance of Altech's Silumina AnodesTM battery material in various battery applications. IKTS, through its extensive lithium-ion battery research and network of partners, will be able provide extensive performance testing of various types of battery applications that will assist the qualification process of the Silumina AnodesTM product for potential customers.
Altech is well funded to complete a pilot plant adjacent to its industrial site in Saxony, Germany, in order to supply commercial samples to potential downstream customers and for the qualification process.
Altech recently completed a pre-feasibility study for a 10,000 tpa Silumina AnodesTM plant in Germany. The Company's silicon graphite composite product not only achieves a much higher energy capacity than the conventional graphite anode, it is also stable during the life of the battery. The Company announced in late 2021 that it had achieved a 30% higher energy battery with improved cyclability or battery life, and is now in the process of commercial development.
With a capital investment of only US$95 million, the pre-feasibility study for the project returns a net present value of US$507 million, with yearly net free cash generated of US$63 million. The internal rate of return of the project is estimated at a very attractive 40%. Altech is quickly advancing the project to the next stage of development.
The Company is well positioned to dramatically reduce supply risks by positioning its operation in Germany and sourcing its graphite and silicon feedstock from European suppliers.
During the recent crisis in Europe forcing supply chain pressures and rising energy prices, it has demonstrated the importance of European material supply for European battery and EV makers. The manufacturing supply risks are becoming increasingly evident, and more focus will be placed on European supply.
*To view photograph at IKTS test facilities in Dresden, please visit:
https://abnnewswire.net/lnk/M53XXS83
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) 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 concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
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