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Altech Batteries Limited

ASX | ATC Battery Technology
22 Mar 2024

Altech Batteries Limited Uploaded a Corporate Update
March 22, 2024

Altech CEO Iggy Tan’s Interview on the CERENERGY Definitive Feasibility Study

Chief Executive Officer Iggy Tan comments on Altech’s recently released CERENERGY DFS. Please download details and a link to the recording below.

19 Mar 2024

Altech Batteries Limited Uploaded a News Release
March 19, 2024

Altech Announces Excellent Definitive Feasibility Study for 120 MWh First Production Line CERENERGY® Battery Project

DFS Highlights:

  • Highly positive Definitive Feasibility Study (DFS) – 120 GridPacks (1MWh) pa
  • Capital cost estimated at €156 million with excellent project economics
  • Pre-tax Net Present Value (NPV9) of €169 million
  • Attractive Internal Rate of Return (IRR) of 19%
  • Steady state payback period is 3.7 years, with Annual Revenue of €106 million per annum
  • EBITDA of €51 million or margin of around 47%
  • Altech Board Decision to Proceed to Funding Phase
  • Low lifetime levelised cost of storage €0.06/kWh vs lithium-ion batteries at €0.149/kWh
  • Grid energy storage market projected to grow by 28% CAGR
  • Grant funding applications underway
  • Equity and mezzanine financing discussions in progress
  • Offtake for 5 years production in progress
13 Mar 2024

Altech Batteries Limited Uploaded a Earnings Report
March 13, 2024

Altech Batteries Publishes Half-Year Report

Altech Batteries recently published its Interim Financial Report for the Half-Year ended 31 December 2023, which can be downloaded here.

6 Feb 2024

Altech Batteries Limited Uploaded a News Release
February 6, 2024

Altech Announces Excellent Progress on ABS60 60kWh Cerenergy Battery Prototypes

Release Highlights:

  • Excellent progress with two 60 kWh battery pack prototypes
  • Pilot plant re-design at Fraunhofer IKTS Hermsdorf for prototype manufacture
  • All prototype materials have been procured from suppliers
  • Ceramic tube manufacture is 50% complete
  • Cell assembly progressing well with more than half completed
  • Low reject and defect rates experienced
  • Two battery vacuum casings delivered and undergoing heat loss testing
  • Finalization of prototypes will be mid 2024
11 Jan 2024

Altech Batteries Limited Uploaded a News Release
January 11, 2024

Silumina Anodes Battery Materials Project DFS – Additional Information

Altech Batteries Limited provides additional information in relation to the announcement on 21 December 2023 of the Definitive Feasibility Study (DFS) for an 8,000tpa (120 GWh) alumina-coated metallurgical silicon plant envisaged for Saxony, Germany.

8 Jan 2024

Altech Batteries Limited Uploaded a News Release
January 8, 2024

Altech – Funds received for sale of 25% of Altech Industries Germany

Highlights:

  • Altech Batteries Limited (ASX: ATC, FRA: A3Y) successfully sold a 25% stake in Altech Industries Germany GmbH (AIG) to Altech Advanced Materials AG (AAM).
  • Altech received the final €1,583,333 instalment from AAM, completing the €5.0 million deal, structured with an Initial Cash Consideration of €250,000 and Deferred Consideration in three equal parts.
21 Dec 2023

Altech Batteries Limited Uploaded a News Release
December 21, 2023

Altech Announces Outstanding Definitive Feasibility Study for Silumina Anodes Battery Materials Projects

Definitive Feasibility Study Highlights:

  • Highly positive Definitive Feasibility Study for the 8,000tpa Silumina AnodesTM project
  • 8,000 tpa alumina-coated metallurgical silicon only
  • Customers to blend coated silicon (10%) with their uncoated graphite source
  • Means expansion from 15 gigawatt-hours (GWh) to 120 gigawatt-hours (GWh)
  • Increase of battery energy density by at least 30%
  • Capital cost estimated at €112 million with outstanding economics
  • Pre-tax Net Present Value (NPV10) of €684 million
  • Attractive Internal Rate of Return (IRR) of 34%
  • Payback period is 2.4 years
  • Forecast 18% CAGR growth of silicon in battery anodes till 2035
  • Green accredited project using renewable energy
  • Pilot plant construction in final stages for product qualification
  • NDAs executed with two German automakers, two US automakers, one US battery materials supply company and one European battery maker
22 Nov 2023

Arrowhead published an Equity Research Report on Altech Batteries Limited
November 22, 2023

Altech Batteries (ASX: ATC) Research Update

Highlights:

  • Arrowhead is updating its coverage on Altech Batteries Limited (Altech or ATC) with a fair value of AUD 0.32 per share in the low-bracket scenario and AUD 0.86 per share in the high-bracket scenario (share price on November 22, 2023: AUD 0.074), based on NPV methodology.
  • Altech Batteries Limited is an Australian-based company specializing in battery material technology. It is actively engaged in two key projects – the CERENERGY® Batteries Project and Silumina AnodesTM Battery Materials Project, showcasing disruptive and innovative technologies in the battery industry.
  • Altech has updated the Definitive Feasibility Study (DFS) output capacity of the CERENERGY® project from 100 MWh to 120 MWh per annum after the final stages of facility design. This enhancement of 20% in the plant output is without incurring any additional capital costs.
  • In addition, the company has recently updated the design of the 60 KWh battery pack, to a sleek stainless-steel exterior (instead of previous blue paint), providing enhanced durability against extreme temperature variations while maintaining a clean appearance. The DFS of the project is in the final stages and is expected to be completed by Q4 2023.
  • Altech has also commenced the permitting and licensing application process for the CERENERGY® battery project in Schwarze Pumpe, Saxony, Germany through its Joint Venture German subsidiary Altech Business GmBH (ABG). Further, Altech in collaboration with engineering subcontractor LEADEC has submitted an application to the authorities for a permit and license for the proposed construction and operation of a 100 MWh CERENERGY® battery plant.
  • Altech has expanded Silumina Anodes’ output capacity eight-fold, increasing it from 15 GWh to 120 GWh, without any significant change in the plant and equipment costs. Further, the company will now focus on producing alumina-coated metallurgical silicon products at a rate of 8,000 tpa, instead of the initially proposed production of 10,000 tpa of Silumina Anodes product. Additionally, the company is in talks with Ferroglobe, its European silicon partner, to boost the supply of metallurgical silicon for the enhanced Silumina Anodes project.
  • In September 2023, Altech released its first Environment Social and Governance (ESG) report, encompassing four key categories – Principles of Governance, People, Planet and Prosperity. These categories are reported through 21 core metrics tracked by Altech and are reviewed annually and quarterly.
  • In August 2023, Altech completed the final design phase for the front-end calciners and corresponding plant layout Silunima Anodes pilot plant project. Further, it has executed non-disclosure agreements (NDAs) with prominent automotive conglomerates in Europe and the US, who are willing to acquire commercial samples for testing and qualification processes.
  • Further, the company successfully raised a capital funding of AUD 15.8 mn via entitlement offer and placement to further develop and commercialise both its projects.
  • Altech has not paid any dividends for FY 2022 nor has it recommended any dividend for FY 2023.
14 Nov 2023

Altech Batteries Limited Uploaded a News Release
November 14, 2023

Altech – Silumina Anodes Project DFS Expands Output 8-Fold to 120GWh

Highlights:

  • Expanded the Silumina Project DFS output by eightfold
  • 15 gigawatt-hours (GWh) to 120 GWh
  • To produce 8,000 tpa alumina-coated metallurgical silicon only
  • No change to plant and equipment used
  • Customers to blend coated silicon (10%) with their uncoated graphite source
  • Increase of battery energy density by at least 30%
  • Potential reduction of graphite usage for potential customers
  • China graphite export restrictions causing concerns
  • Increased output meets long-term silicon anode demands
27 Oct 2023

Altech Batteries Limited Uploaded a Presentation
October 27, 2023

What’s the future of Grid Storage Batteries?

Industries

  • Battery Technology
    • Battery Material Technology
  • Sodium

Altech Chemicals Ltd is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialise the revolutionary CERENERGY® Sodium Alumina Solid State (SAS) Battery.

CERENERGY® batteries are the game-changing alternative to lithium-ion batteries. CERENERGY® 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® battery, with plans to construct a 100Mwh production facility on Altech’s land in Saxony, Germany. The facility intends to produce 10,000 10Kwh CERENERGY® battery modules per annum to provide grid storage solutions to the market.

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