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Highlights:
- CERENERGY batteries earn top "Dark Green" environmental rating, marking them as a leading green technology.
- Production costs expected to be one-third of traditional lithium-ion batteries, using common table salt.
- Accreditation opens access to the Green Bond debt market, boosting potential investment.
Altech Batteries (ASX:ATC) has secured a significant milestone as its CERENERGY solid-state salt batteries achieved the highest possible "Dark Green" rating. This accreditation, conducted by the Independent Centre of International Climate and Environmental Research, associated with Standard and Poor’s Global Ratings, attests to its strong environmental credentials. This distinction underlines the crucial role battery storage plays in advancing power and industrial sectors while offering a sustainable alternative to traditional lithium-ion options.
Innovative and Sustainable Production
The CERENERGY batteries utilize sodium-chloride and ceramic solid-state technology, eliminating the need for minerals like lithium, nickel, and cobalt. Remarkably, the manufacturing process is designed to reduce emissions by two-thirds, generating just 14kg of CO2 per kilowatt hour compared to current lithium-ion methodologies. The direct emissions are minimized through the exclusive use of renewable energy sources, bolstered by a power purchase agreement ensuring solar energy for production facilities.
Access to Green Bond Market
One of the significant benefits of this green accreditation is Altech's eligibility to enter the expansive Green Bond debt market. Green bonds are a specialized financing tool intended to support projects with positive environmental impacts. The project now appeals to potential investors interested in sustainable ventures, without influencing bond pricing, but providing transparency regarding environmental impacts.
Versatile Applications
CERENERGY batteries offer numerous benefits, including fire and explosion-proof qualities, and the ability to function under most climate conditions. These features position them ideally for use in industrial microgrids, supporting critical infrastructure like data centers and hospitals. Additionally, grid storage solutions may harness these batteries to enhance grid stability and reliability, contributing further to sustainable energy solutions.
