Sponsored

Altech Batteries (ASX: ATC, FRA: A3Y) engages CICERO for green accreditation of CERENERGY® battery project - Kalkine Media

July 11, 2023 10:45 AM AEST | By Sonal Goyal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • Altech Batteries has engaged CICERO to assess the green credentials of its CERENERGY® batteries.
  • A study showed CERENERGY® has superior environmental footprint and performance, in comparison to lithium-ion batteries.
  • Altech expects to issue its first ESG report in the next quarter.

Specialty battery technology company Altech Batteries Ltd (ASX: ATC) has announced that it is seeking a green accreditation from CICERO (Centre of International Climate and Environmental Research) for its CERENERGY® battery project. 

CICERO is known for offering independent evaluations for green credentials, especially in the green bond market.

Earlier, the company sought CICERO’s accreditation for the Silumina AnodesTM project, securing “Medium Green” rating.

A study undertaken by the Sustainable Technologies Laboratory at the Bochum University of Applied Sciences observed that the GHG footprint of CERENERGY® batteries is at least 50% lower than lithium-ion batteries (based on life cycle assessment).

Source: Company update  

Stock performance

ATC stock was trading at AU$0.091 at the time of writing on 11 July 2023, up more than 1% from the last close. Including today’s gain, the share price has increased by 13.75% on a year-to-date basis and marked a gain of 51.67% in the past one year.

CERENERGY® exhibits superior environmental performance and footprint

A study was undertaken to assess the ecological implications of various battery types. The key parameter of the study was GHG.

 Study Outcomes (data source: company update) 

ESG reporting program

The ESG reporting program has commenced in line with the World Economic Forum’s Stakeholder Capitalism Metrics ESG Framework. The program aims to highlight the initiatives undertaken by Altech and on-the-ground efforts.

As highlighted by Altech, many of the ESG metrics were already in place and just required to be represented in a visible framework.

The first ESG report can be expected in the coming quarter.

About CERENERGY® batteries

CERENERGY® batteries are introduced as an alternative to lithium-ion batteries. These batteries have a life span of over 15 years. They can operate in utmost desert and cold climates and are fire and explosion proof. The technology uses sodium-chloride (common table salt) and does not use lithium, cobalt, copper, and graphite; therefore, it is not exposed to an increase in the price of critical metals.

Under a joint venture agreement with Fraunhofer IKTS, Altech intends to commercialise the battery by building a 100MWh production facility in Saxony, Germany.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.