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Altech (ASX:ATC) ropes in Germany’s Leadec as lead engineer for CERENERGY® - Kalkine Media

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 Altech (ASX:ATC) ropes in Germany’s Leadec as lead engineer for CERENERGY®
Image source: company update

Highlights:

  • Altech (ASX:ATC|FSE:A3Y) has appointed German company Leadec as the lead engineer company for the Definitive Feasibility Study (DFS) on the CERENERGY® 100MWh Sodium Alumina Solid State Battery project
  • Leadec has expertise in the planning, installation, and automation of factories
  • The Leadec project team has wrapped up a kick-off workshop and Fraunhofer site visits

Altech Chemicals Limited (ASX:ATC|FSE:A3Y), is making significant progress regarding its CERENERGY® 100MWh Sodium Alumina Solid State Battery project for grid energy storage.

Altech has appointed German company  Leadec Automation & Engineering GmbH (Leadec) as the lead engineer company for the DFS on the CERENERGY® project to be constructed on Altech’s land in Saxony, Germany.

Click here to know more about the company's major developments in the June quarter.

Image source: company update

About Leadec

Leadec is a leading global service specialist that caters to factories throughout their life cycle in infrastructure and other services. It includes supporting customers in manufacturing industries through various activities, such as planning, installation, and automation of factories, which the German player has been doing for around 60 years.

The 20,000-workforce company has expertise in operations related to cell production, module and pack production design. Leadec also provides solutions for recycling and battery disassembly.

Leadec’s on-site teams operate in more than 300 locations, making it a global company.

Altech JV with Fraunhofer

Fraunhofer IKTS (Fraunhofer), a world-leading German battery institute, has developed the revolutionary CERENERGY® Sodium Alumina Solid State (SAS) battery.

In September 2022, Altech entered into a joint venture (JV) agreement with Fraunhofer to commercialise CERENERGY® (SAS) batteries. The Altech group is the majority (75%) stakeholder in the JV, and will be responsible for commercialising a 100 MWh project planned to be constructed on its land in Schwarze Pumpe, Germany.

Source: © 2022 Kalkine Media®, data source: company update

CERENERGY® (SAS) Battery: A game-changer in grid storage space

Altech believes that Fraunhofer’s revolutionary CERENERGY® (SAS) batteries will revolutionise the grid storage space and is a cheaper and safer alternative to lithium-ion batteries.

The CERENERGY® (SAS) batteries are table salt-based batteries, eliminating exposure to critical metals like lithium, cobalt, graphite, and copper used in lithium-ion batteries. These batteries are immune to metal price rises and supply chain concerns as they eliminate dependency on critical metals.

Additionally, these batteries have other advantages, as highlighted in the infographic attached below:

Source: © 2022 Kalkine Media®, data source: the company update

Leadec kicks off the program

For the project, Leadec appointed a project team with high experience credentials. The team completed site and technology visits to Fraunhofer IKTS.

The team-initiated engineering work and achieved steady progress after attending a two-day project workshop in Schwarze Pumpe, facilitated by Iggy Tan, Managing Director of Altech.

Altech’s share was trading at AU$0.090 in the morning session today, 1.123% higher than Tuesday's price. The Company has a market capitalisation of AU$126.98 million.

Altech Chemicals Interactive Investor Hub

The reader is encouraged to head over to Altech Chemicals Interactive Investor Hub, for more information. The reader may engage with Altech directly by sending in their queries, watching video summaries, checking past announcements as well as viewing other shareholders’ comments, if any.

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