Published On: November 7th, 2022
ALTECH CHEMICALS LIMITED (ASX: ATC) (Altech or the ‘Company’) has announced its joint venture with leading German battery institute Fraunhofer IKTS to commercialise the revolutionary Sodium Alumina Solid State (SAS) CERENERGY® batteries. Highlights of the report are covered below.
Details Of the Joint Venture Agreement
Altech Chemicals Ltd’s holding company Altech Energy Holdings GmbH (“AEH”) has tied with Fraunhofer IKTS to commercialise 100 MWh Sodium Alumina Solid State batteries in Saxony, Germany. The joint venture company ‘Altech Batteries GmbH (ABG)’ is founded and registered in Dresden, Germany.
Altech has majority ownership of 75% of Altech Batteries GmbH (ABG) with Fraunhofer owning 25%. After incorporation, ABG will execute a License and Intellectual Property Agreement with Fraunhofer for the exclusive use of intellectual property and know-how license. The agreement will also provide ABG with access to pilot plants, trials, and technical expertise linked with CERENERGY® technology and the right to use the CERENERGY® trademark.
SAS CERENERGY® Batteries
Fraunhofer IKTS’ SAS CERENERGY® batteries are designed with common salt instead of Lithium, making them fire and explosion-proof. Fraunhofer invested eight years in developing this technology & spent AUD 54.3M on R&D and AUD 38.8M on pilot plant operations.
SAS CERENERGY® batteries are perfect alternatives for Lithium-ion batteries, free from Cobalt, Graphite, Lithium, and Copper. They have an extended life span of over 15 years & can function in extreme weather conditions.
CERAMIC SOLID-STATE ELECTROLYTE
Altech believes that SAS CERENERGY® batteries, as an alternative to Lithium-ion batteries, will resolve the biggest challenges faced by Lithium batteries.
Silumina AnodesTM Project Update
Altech Chemicals Ltd has commenced the construction of a pilot plant for its Silumina AnodesTM product. Altech recently concluded a Preliminary Feasibility Study for the construction of a 10,000 tonnes per annum Silumina AnodesTM plant in Saxony, Germany.
The pilot plant implementation is progressing as per the expected timeframe. The procurement of pilot plant equipment is well-advanced with ordering the long lead equipment. The pilot plant will produce 120 kg per day of Silumina AnodesTM product.
Partnership with Fraunhofer IKTS for Qualification of Silumina AnodesTM Product
Altech Chemicals ties hands with Fraunhofer IKTS as a strategic partner to test the long-term performance of Silumina Anodes battery material in various battery applications. Fraunhofer is a leading battery materials research centre in Germany and worldwide.
Altech is ready to complete a pilot plant near its industrial site in Saxony to supply samples for qualification and potential customers.
Pouch Cell Battery Production
Altech Chemicals Ltd has expanded its Research and Development laboratories to enable the production of pouch cell-sized batteries and expedite the next stage of R&D on the Silumina Anodes ™ project. The Company installed and commissioned a large-scale tube furnace for its R&D laboratory in Perth during the first quarter of 2022.
Altech aims to assemble lithium-ion pouch cells for high-power applications and has proposed electrochemical test work for coin and pouch cells. The Company has also planned to undertake pouch cell safety tests using its Silumina Anodes™ product.
High Purity Alumina (HPA) Project Update
Altech Chemicals’ managing director Iggy Tan and executive management attended a meeting with German government-owned KfW IPEX-Bank regarding the financials of the HPA project.
KfW IPEX-Bank confirmed support and commitment for this project and a senior loan facility of US $190M. Euler Hermes, Germany’s export credit agency, renewed a US $170M export credit cover for the senior loan facility.
A further meeting with SMS Group, a longstanding engineering partner and metallurgical consultant of Altech, was held to reiterate the continued support of Altech’s High Purity Alumina project. Discussions to secure commitment for project equity investment of US $100M are ongoing. US-based global investment bank DelMorgan and Co have already advanced multiple leads and potential investors.
Visit the Company website for further details and updates about Altech Chemicals’ Silumina Anodes™ project and other news.
Also Read: ALTECH (ASX: ATC) Appoint Leadec as Lead Engineer for CERENERGY® 100MWh Project
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