Altech (ASX: ATC, FRA: A3Y) Achieves Another Milestone in Energy Storage with Successful Launch of CERENERGY® ABS60 Prototype

Highlights

• Altech has successfully operated its first CERENERGY® ABS60 battery prototype, exceeding early expectations.
• The prototype is now tested in real-world conditions, generating crucial data for off-take partners.
• Altech announced a Letter of Intent for 30MWh of off-take with Schwarze Pumpe Industrial Park.
• Initial results show excellent thermal stability, vital for high-capacity energy storage systems.
• Future testing will refine the ABS60 prototype, supporting reliable energy storage solutions for diverse applications.

Altech Batteries Limited (ASX:ATC, FRA:A3Y) ATC has ticked a critical milestone in energy storage: the successful operation of its first CERENERGY® ABS60 battery prototype. This prototype has not only passed all physical tests with good results but has also exceeded early expectations.

First Offtake Agreement with Schwarze Pumpe

Altech’s CEO and MD, Iggy Tan, said that the prototype can now be tested in real-world conditions. This will generate crucial data for potential off-take partners. Such data is essential as Altech moves ahead with sales and financing for its first 120MWh plant.

Recently, Altech announced a Letter of Intent for 30MWh of offtake with Schwarze Pumpe Industrial Park. Tan believes that the successful operation of the CERENERGY® 60kWh battery prototype will enhance the off-take process even further.

He further highlighted the following:

Data source: ATC update

Successful Testing of CERENERGY® Prototype

The prototype has been installed at Altech’s joint venture partner, Fraunhofer IKTS, in Dresden, Germany. Integrated into a specially designed battery test station, this setup allows for continuous daily charging and discharging cycles. The goal is to assess the battery's efficiency, stability, and overall performance under real-world conditions.

Initial results have been extremely promising as the battery has maintained excellent thermal stability, which is crucial for high-capacity energy storage systems. Throughout rigorous testing, it has operated within safe temperature limits without any signs of overheating. These early findings not only confirm the battery's design integrity but also strengthen confidence in its commercial viability.

Additionally, the Fraunhofer team in Hermsdorf, Germany, conducted an individual cell testing program. This involved extensive testing of separate battery cells, showcasing their performance and stability.

Image source: ATC update

Moving ahead, the ABS60 prototype will undergo additional testing and refinement, generating crucial data for potential off-take partners.

Folllowing the update, ATC's share price jumped 15.79% to trade at AU$0.044 apiece at the time of writing on 1 October 2024.

Below is the link and QR code for comment from Mr. Uwe Ahrens, Managing Director of Altech Batteries GmbH

-YouTube https://youtu.be/BLrh0bHutlclink

Image source: Company update