Altech Batteries (ASX:ATC) Achieves Top Green Rating for CERENERGY Battery Project

Highlights: 

• Altech Batteries (ASX:ATC) received a 'dark green' rating for its CERENERGY sodium chloride solid state (SCSS) battery project from the Centre of International Climate and Environmental Research. 
• The rating reflects CERENERGY's low carbon footprint, minimal supply chain requirements, and adherence to environmental principles. 
• The project aligns with ICMA Green Bond Criteria, opening opportunities in the US$250 billion green bond market. 

Altech Batteries (ASX:ATC) has secured a significant milestone for its CERENERGY sodium chloride solid state (SCSS) battery project, receiving the highest possible environmental rating from the Centre of International Climate and Environmental Research in Norway. This independent institution, which now operates under the umbrella of Standard and Poor's global ratings, has classified the CERENERGY project under the 'dark green' category. 

The 'dark green' classification is reserved for projects that align with the long-term vision of a low carbon and climate-resilient (LCCR) future. CERENERGY has achieved this rating due to its minimal carbon footprint, low supply chain requirements, and responsible management of raw materials in accordance with environmental principles. 

The environmental assessment highlights CERENERGY as a leading-edge battery technology, emphasizing its sustainability credentials. The project's alignment with the International Capital Market Association (ICMA) Green Bond Criteria positions it favorably for investors focusing on environmentally sustainable projects. The green bond market, currently valued at approximately US$250 billion annually, represents a significant opportunity, particularly within the European financial landscape. 

Altech Batteries' managing director highlighted the importance of the dark green rating in reinforcing CERENERGY's environmental credibility. The project is expected to attract significant interest from investors seeking to support sustainable energy storage solutions. 

The CERENERGY battery project reached a critical milestone in October with the successful launch of a 60KWh prototype at the test laboratory of Fraunhofer IKTs in Dresden, Germany. This milestone represents a key step in the project's development, demonstrating the practical applications of the technology and its potential scalability. 

The dark green rating underscores the project's potential to contribute to the global transition towards cleaner energy storage solutions. The low environmental impact and sustainable sourcing of materials position CERENERGY as a strong contender in the evolving battery technology market. 

The recognition from an independent environmental body enhances Altech Batteries' position in the energy storage industry, reinforcing its commitment to sustainable innovation. The project’s status as a low-carbon energy solution aligns with global initiatives aimed at reducing greenhouse gas emissions and promoting climate resilience. 

With sustainability becoming a key focus for investors and stakeholders, the CERENERGY project stands out as a viable and environmentally responsible solution. The dark green rating further validates the project's credentials, positioning it favorably in the competitive energy storage sector. 

The successful development and market positioning of the CERENERGY battery technology are expected to contribute to the broader adoption of sustainable energy storage solutions. The strategic alignment with global sustainability goals enhances the project's attractiveness to environmentally conscious investors and stakeholders. 

The recent developments mark a significant step forward for Altech Batteries, as the CERENERGY project continues to gain recognition for its environmental and technological advancements. The achievement of the highest green rating reinforces the project's potential to support the global transition to clean energy storage solutions.