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Highlights
- Altech Batteries has released the preliminary specifications for its CERENERGY® 60 KWh (ABS60) and 1 MWh (ABS1000) GridPack battery products.
- The company has developed 60 KWh Battery Pack (ABS60) for commercial applications and 1 MWh (ABS1000) GridPack for grid-level storage and industrial power.
- The fireproof batteries, designed for all-weather applications, can be used for numerous cycles per day.
Altech Batteries Limited (ASX: ATC, FRA:A3Y) recently released the preliminary battery specifications for its CERENERGY® 60 KWh (ABS60) and 1 MWh (ABS1000) GridPack battery products.
These preliminary specifications have been developed by Altech in association with Fraunhofer IKTS, a JV (joint venture) partner of ATC, to meet the growing demand in the renewable energy and grid storage market. The features developed would serve as a key breakthrough, enabling the company to initiate talks with potential off-take partners and capture future sales in the extensive grid storage battery market.
The intermittent nature of renewable power generation and the rise in demand for renewable energy sources has brought forth the acute requirement for reliable solutions for energy storage. Consequently, there has been ascending application of grid storage batteries as they allow maintaining the supply and demand levels of energy, boosting the deployment of renewable energy sources and warranting stable power delivery.
Source: Company update
Specifications
- 60 KWh Battery Pack (ABS60)
With an operating voltage of 600 volts and 100 amp(Ah), the 60 KWh Battery Pack has been developed to offer battery backup and deliver in grid-tied commercial applications ensuring a constant supply of power.
image source: company update
- 1 MWh GridPack (ABS1000)
With a capacity of 1 MWh, the ABS1000 GridPack battery is apt for larger-scale applications, including industrial power backup and grid-level storage. This battery offers an uninterrupted power supply, helps in maintaining grid stability and lowering reliance on fossil fuels. This battery stands as a frontrunner in the grid storage market, with a technologically advanced and commercially viable solution to cater to the changing needs of the industry.
image source: company update
With the roll out of its CERENERGY® battery products, ATC aims to tap the opportunities in the grid storage battery market.
Stock price performance
Altech shares traded at AU$0.090 midday on 19 June 2023, with a market capitalisation of over AU$128 million.
