Altech Batteries (ASX:ATC) is a specialty battery technology business seeking to commercialise its CERENERGY® Sodium Chloride Solid State (SCSS) Battery under a joint venture agreement with world leading German battery institute, Fraunhofer IKTS. The company describes its batteries are a game-changing alternative to lithium-ion batteries, utilising table salt instead of critical metals such as lithium, copper, and graphite. This approach helps eliminate the burden of supply chain disruptions for such metals, as well as removing exposure to upswings in their price. Joining The Stock Network’s Lel Smits ahead of appearing at Australian Equities Day in Singapore is Altech Batteries Chief Financial Officer, Martin Stein.
1. Benefits of CERENERGY batteries
By utilising common table salt, Altech Batteries (ASX:ATC) has developed an innovative battery technology that could revolutionise energy grid storage worldwide. In simple terms, what makes CERENERGY batteries a better solution compared with existing options?
2. Stage of operations and commercialisation push
Through the joint venture agreement with Fraunhofer IKTS, Altech Batteries seeks to commercialise the CERENERGY® battery technology and bring to market novel grid storage solutions to help the world’s transition to a renewable energy economy. What stage of operations is the commercialisation push currently at, and when can we expect to see first production?
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