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Highlights
- ATC has executed second offtake Letter of Intent (LOI) for the offtake of 30MWH of CERENERGY® energy storage capacity in the first year and then 32MWh annually for the next four years.
- LOI executed with Referenzkraftwerk Lausitz GmbH (RefLau), a joint venture between Enertrag SE and Energiequelle GmbH.
- Under the agreement, ATC will purchase green electricity from the regional partners in its planned battery production facility.
Altech Batteries Limited (ASX:ATC, FRA:A3Y), through its subsidiary Altech Batteries GmbH, has secured a second Offtake Letter of Intent (LOI) with Referenzkraftwerk Lausitz GmbH (RefLau), a joint venture between Enertrag SE and Energiequelle GmbH.
Under the agreement, RefLau will purchase 30 MWh of CERENERGY® energy storage capacity in the first year, increasing to 32 MWh annually over the following four years.
As part of the arrangement, ATC will source competitively priced green electricity directly from the partners for its planned battery production facility in Germany.
Key Features of the Partnership:
- CERENERGY® GridPacks: RefLau will begin purchasing with deliveries starting in Q4-2026.
- Purchase Targets: Initial target of 30 MWh in 2027 with 32 MWh annually from 2028 to 2031.
- Confidential Pricing: A price agreement per GridPack has been established with technical data and guarantees as per the data sheet.
ATC shares were trading at AU$0.049 apiece at the time of writing on 26 November 2024.
