Altech Appoints Principal Engineer for Solid-State Battery Plant DFS Study

Altech takes another step towards commercialization of its sodium alumina solid state battery technology, following the appointment of a principal engineer for the definitive feasibility study.

The German company Leadec Automation & Engineering GmbH will carry out engineering work for the CERENERGY® 100MWh Sodium Alumina 100 megawatt-hour solid-state battery project to be built in Saxony.

Leadec, one of the world’s leading specialists in services for plants throughout their life cycle and associated infrastructure, has 60 years of experience in supporting customers in manufacturing industries: from planning, installation and factory automation.

This includes supporting OEMs and suppliers in the area of ​​battery production and e-mobility with coverage across the spectrum, from the production of cells, modules and packs to solutions in the area of ​​recycling and dismantling the batteries.

Team up for more power

Altech Chemicals (ASX: ATC) entered into a joint venture in September 2022 with the world-leading German battery institute Fraunhofer IKTS to commercialize the latter’s CERENERGY® sodium alumina solid-state battery technology.

It will achieve this by building the battery factory on Altech’s land in Schwarze Pumpe, Saxony, with the Altech group owning 75% of the JV company.

Managing Director Iggy Tan said, “We are delighted to appoint Leadec as the Principal Engineer for Altech’s CERENERGY® 100MWh project.”

“Leadec has extensive experience in battery manufacturing and will play a key role in advancing the definitive feasibility study to commercialize CERENERGY® Sodium Alumina solid-state batteries.”

Potential game changer

Fraunhofer IKTS uses solid-state ceramic technology, common table salt, and nickel to make fireproof and explosion-proof batteries with a lifespan of over 15 years, up to twice the life of life of lithium-ion batteries.

These batteries are also capable of operating in extremely cold and desert climates.

Perhaps the most important point in its favor is that the batteries do not require lithium, cobalt, graphite or copper, which eliminates exposure to critical metal prices and supply chain issues.

Energy capacity is comparable to lithium iron phosphate (LFP) batteries, although they require longer charge times which make them more suitable for on-grid storage where very high power over a short period of time (such as vehicles high-power electrical) is not required.

Altech’s proposed plant will produce solid-state sodium alumina batteries, at a production cost about 40% to 50% cheaper than lithium-ion batteries.

Altech Chemicals Interactive Investor Center

Engage directly with Altech by asking questions, watching video summaries and seeing what other shareholders have to say about it, as well as past announcements, on our Investor Hub: Investorhub.altechchemicals.com

This article was developed in conjunction with Altech Chemicals, a Stockhead advertiser at the time of publication.

This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

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