German Government Approves 46.7 Million Euro Grant for Altech Batteries' CERENERGY Battery
Altech Batteries Limited, an Australian specialty battery technology company (ASX:ATC, OTC:ALTHF, FRA:A3Y), is making waves in the industry with its innovative CERENERGY® battery technology. This groundbreaking technology, which uses common table salt, is set to revolutionise the battery market, offering a game-changing alternative to lithium-ion batteries.
The CERENERGY® batteries, which are fire and explosion-proof, are lithium-free, cobalt-free, graphite-free, and copper-free. This makes them not only safer but also environmentally friendly, as they do not rely on the controversial and scarce materials found in traditional batteries.
Iggy Tan, the Managing Director of Altech Batteries Limited, and Martin Stein, the Chief Financial Officer and Company Secretary, are at the helm of this ambitious project. Both can be reached via the company's main contact information: Tel: +61-8-6168-1555 and Email: [email protected].
In a significant move, Altech Batteries Limited has entered into a joint venture with Fraunhofer IKTS ("Fraunhofer") to commercialize the CERENERGY® Sodium Alumina Solid State (SAS) Battery. The joint venture aims to construct a 100MWh production facility on Altech's land in Saxony, Germany.
The CERENERGY® batteries have impressive capabilities, capable of operating in extreme cold and desert climates. They also boast a life span of more than 15 years, making them a reliable choice for various applications.
With the construction of the production facility, Altech Batteries Limited is poised to make a significant impact on the global battery market. The company's commitment to innovation and sustainability is evident in its development of the CERENERGY® battery technology, and it will be exciting to see how this technology shapes the future of energy storage.
