Altech Batteries Strengthens Ownership in Key Battery Technology Projects

2 min read | February 28, 2025 12:50 PM AEDT | By Team Kalkine Media

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Altech Batteries Strengthens Ownership in Key Battery Technology Projects — Image source: shutterstock

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Highlights

Altech Batteries (ATC) to secure a 75% stake in CERENERGY® and full control of Silumina Anodes™.

Acquisition simplifies project ownership, accelerating commercialization efforts.

Strengthened capital structure to support future growth initiatives.

Altech Batteries (ASX:ATC) is making a strategic move to consolidate ownership in two of its flagship battery technology projects, CERENERGY® and Silumina Anodes™. The company has entered into a binding term sheet to acquire full ownership of the Silumina Anodes™ Project and increase its stake in the CERENERGY® Project to 75%.

This acquisition involves purchasing Altech Advanced Materials (AAM) AG’s 25% equity interest in Altech Energy Holdings GmbH (which holds a 75% stake in CERENERGY®) and a 25% equity interest in Altech Industries Germany GmbH (which fully owns the Silumina Anodes™ Project). Additionally, all outstanding shareholder loans owed to AAM will be transferred as part of the agreement.

Transforming Battery Performance with Advanced Technologies

Silumina Anodes™ represents a major breakthrough in battery material technology. By incorporating high-purity alumina into silicon anodes, the technology enhances battery performance, addressing key efficiency and durability challenges.

Meanwhile, CERENERGY® is leading the charge in next-generation sodium-chloride battery development. This innovative technology offers a sustainable alternative to conventional lithium-ion batteries, positioning it as a viable solution in the evolving energy storage landscape.

Restructuring for Growth and Efficiency

Following this acquisition, the remaining 25% stake in CERENERGY® will continue to be held by Fraunhofer IKTS, which remains a joint venture (JV) partner. To finalize the transaction, Altech Batteries will issue approximately 532 million shares, valued at $23.3 million, to AAM. Upon completion, AAM will hold a 21% stake in Altech Batteries.

This move is expected to simplify the corporate structure of both projects, eliminating complexities that previously posed fundraising challenges for AAM. By gaining greater autonomy, Altech Batteries aims to streamline decision-making, enhance operational flexibility, and accelerate commercialization efforts.

The restructuring also strengthens the company’s position in securing future investments and advancing its battery technology solutions. With improved control over strategic decisions, Altech Batteries is well-positioned to drive innovation and bring these cutting-edge battery technologies to market more efficiently.

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