Altech Batteries' 60 KWh CERENERGY Prototype Achieves Outstanding Results
ATC (ATC) Share Update September 2024 Monday 30th
Altech Batteries Unveils Successful 60 KWh Prototype
Altech Batteries Limited (ASX: ATC) has announced the successful operation of its first 60 KWh CERENERGY battery prototype, showcasing exceptional performance and efficiency.
Instant Summary:
- CERENERGY 60 KWh prototype completed and operational.
- Daily testing at Dresden battery test station.
- Outperformed early expectations in efficiency and performance.
- Maintains safe, optimal operating temperatures.
- Strong commercial potential for large-scale production.
- Individual cell testing confirms performance to specifications.
Prototype Overview
Altech Batteries Limited (ASX: ATC, FRA: A3Y) has successfully completed and operationalized its first CERENERGY ABS60 battery prototype. Installed at the Fraunhofer IKTS test laboratory in Dresden, Germany, the prototype is undergoing continuous daily testing. The battery has demonstrated exceptional efficiency and robust performance, exceeding initial expectations.
The CERENERGY battery operates within safe temperature limits, showcasing excellent thermal stability. This is a crucial factor for high-capacity energy storage systems, ensuring both safety and longevity. The ongoing testing provides critical data for potential off-take parties, reinforcing the battery's commercial viability.
Performance Metrics
The ABS60 prototype has maintained a consistent discharge capacity of 80 Ah and an efficiency of up to 91% over 500 cycles. The battery's discharge energy and capacity have remained stable without any signs of degradation. These results highlight the battery's reliability and potential for long-term use in high-temperature applications.
Individual cell testing further confirmed the battery's stability and performance. A total of 497 cells were produced and tested at an operational temperature of 300°C. The cells demonstrated consistent performance and durability, with no failures during stress and abuse tests.
Commercial Potential
Altech's CEO and MD, Iggy Tan, expressed confidence in the CERENERGY technology, noting its ability to operate without lithium, copper, cobalt, graphite, and manganese. The battery's 15-year lifespan is approximately double that of traditional lithium-ion batteries. These attributes make the CERENERGY battery a promising solution for various energy storage applications.
The successful operation of the prototype is a significant milestone for Altech as it moves forward with plans to construct a 120MWh production facility. The company has already announced a Letter of Intent for 30MWh of offtake with Schwarze Pumpe Industrial Park, indicating strong commercial interest in the technology.
The successful operation of the CERENERGY prototype is likely to positively impact Altech Batteries' stock price. The battery's superior performance and commercial potential could attract significant investor interest. Additionally, the technology's reliance on common table salt instead of critical metals could mitigate supply chain risks and reduce production costs, further enhancing its appeal.
Investor Reaction:
Analysts are expected to react positively to the announcement, given the prototype's impressive performance and commercial prospects. The battery's long lifespan and use of readily available materials could position Altech as a leader in the advanced battery technology market.
Conclusion:
Investors should keep an eye on Altech Batteries as the company progresses towards large-scale production of its CERENERGY batteries. The successful prototype operation marks a significant step forward, and continued positive results could drive further interest and investment in the company.