Perth, Dec 15, 2022 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) (A3Y:FRA) is pleased to release an interview recently undertaken with the Head of Fraunhofer IKTS (Fraunhofer), Professor Dr. Alexander Michaelis. Fraunhofer is Altech's joint venture partner in the CERENERGY(R) Battery Project in Saxony, Germany. In the interview, Professor Michaelis discusses the ten-year history of Fraunhofer's development of CERENERGY(R) battery technology, as well as Fraunhofer's vision to create a safer, cheaper battery for the grid storage market. Professor Michaelis also discusses how Fraunhofer searched for a joint venture partner to commercialise its technology, and also discusses Fraunhofer's joint venture relationship with the Altech Group.
On 14 September 2022, Altech announced a JV Agreement with world-leading German battery institute Fraunhofer to commercialise Fraunhofer's revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. Altech, together with associated entity Altech Advanced Material AG, is the majority owner at 75% of the JV company, which is commercialising a 100 MWh project to be constructed on Altech's land in Schwarze Pumpe, Germany. CERENERGY(R) batteries are the game-changing grid storage alternative to lithium-ion batteries. CERENERGY(R) 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 Altech-Fraunhofer joint venture is developing a 100 MWh CERENERGY(R) battery plant on Altech's site in Saxony, Germany, specifically focussed on the grid (stationary) energy storage market.
To watch the Video Interview, please visit:
https://www.abnnewswire.net/lnk/9EL0N534
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) 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(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
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