
June 12, 2023
Altech Batteries Limited (ASX: ATC, FRA: A3Y) is pleased to announce the release of preliminary battery specifications for its CERENERGY® 60 KWh (ABS60) and 1 MWh (ABS1000) GridPack battery products. Collaborating closely with its joint venture partner, Fraunhofer IKTS ("Fraunhofer"), Altech has developed these specifications to cater to the evolving needs of the renewable energy and grid storage market. These preliminary specifications serve as a significant milestone for Altech, enabling the company to initiate discussions with potential off-take partners and secure future sales in the lucrative and growing grid storage battery market.
Highlights:
- CERENERGY® Battery Specifications
- 60 KWh Battery Pack (ABS60) for commercial applications
- 1 MWh (ABS1000) GridPack for grid-level storage and industrial power
- Fireproof, all-weather applications, multiple cycles per day
- Lowest levelised energy storage cost compared to Li-ion batteries
- Surplus renewable power discharged to the ground in Germany is EUR 2 billion p.a.
- Reliable grid storage battery solution of the future
The increasing demand for renewable energy sources, coupled with the intermittent nature of renewable power generation, has underscored the critical need for efficient and reliable energy storage solutions. Grid storage batteries have emerged as a key enabler for balancing energy supply and demand, ensuring stable power delivery, and maximising the utilisation of renewable energy sources.
The transition of countries like Germany to a power system heavily reliant on weather-dependent renewables is reaching its limitations, a challenge that all nations adopting wind and solar energy will eventually confront. The absence of sunlight and wind for prolonged periods raises concerns about power supply. Additionally, the short, dark, and cold days of midwinter pose a specific problem for meeting countries’ power demand through renewables.
In addition to shortages, surpluses also pose a significant issue. On days when sunlight is abundant, but demand is low, excess power is discharged to the ground. This results in substantial wastage of electrical power. Germany alone wastes approximately EUR 2 billion annually due to this discharge. Similarly, the state of California wastes approximately US$3 billion of renewable energy each year due to surpluses or lack of grid capacity to bring the power to where it is needed. Excess power in the grid can lead to negative prices, compelling grid operators to pay customers to consume electricity. The expansion of renewables amplifies the volatility within the system. Grid battery storage is crucial to maintain a delicate balance in power supply to ensure a stable and reliable energy infrastructure, whilst accommodating the fluctuations inherent in renewable energy sources. The grid energy storage market is expected to grow by a 28% compound annual growth rate in the coming decade. The global grid energy storage market is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion by 2027. Or further out, growth is expected from 20 GW in 2020 to over 3,000 GW by 2050.
Click here for the full ASX Release
This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
ATC:AU
Sign up to get your FREE
Altech Batteries Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
The Conversation (0)
11 May
Altech Batteries
Revolutionary sodium-chloride solid state batteries for renewable energy storage and silicon in graphite anodes for higher energy density batteries.
Revolutionary sodium-chloride solid state batteries for renewable energy storage and silicon in graphite anodes for higher energy density batteries. Keep Reading...
13 October
Altech Batteries Ltd $6M Placement to Advance Battery Projects
Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announces a capital raising of $6 million, comprising the issue of 133,333,334 fully paid ordinary shares in the capital of the Company at an issue price of $0.045 per Share. Participants in... Keep Reading...
13 October
Altech - $6M Placement to Advance Battery Projects
Altech Batteries (ATC:AU) has announced Altech - $6M Placement to Advance Battery ProjectsDownload the PDF here. Keep Reading...
09 October
Trading Halt
Altech Batteries (ATC:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
08 October
Altech - Spherical Coated Silicon Achieves 88.5% Retention
Altech Batteries (ATC:AU) has announced Altech - Spherical Coated Silicon Achieves 88.5% RetentionDownload the PDF here. Keep Reading...
08 October
Altech Batteries Ltd Spherical Coated Silicon Achieves 88.5% Retention
Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce a major advancement in its Silumina Anodes(TM) Project, achieving the strongest battery cycling performance recorded to date for its proprietary alumina-coated... Keep Reading...
6h
Camp Lode Deposit Delivers High-Grade, Near-Surface Graphite
Further results expected imminently from Northern Syncline infill programme
Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda, is pleased to announce further assay results from its Stage 7 drilling programme at its flagship Orom-Cross graphite project in northern Uganda. The Stage-7 campaign, the... Keep Reading...
15 October
Titan on Track for New York Graphite Production as US Pushes for Domestic Supply Chain
Titan Mining (TSX:TI,OTCQB:TIMCF) is on track to start producing natural graphite concentrate at its Empire State operation in Gouverneur, New York, positioning itself as the first near-term US supplier.“China’s decision to tighten graphite exports underscores the importance of having a secure... Keep Reading...
02 October
NextSource Materials Announces Positive Results of Technical & Economic Study for Proposed Battery Anode Facility in the UAE and Secures Industrial Site with Building in Abu Dhabi
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce positive results of a technical and economic study (the "Study") on the construction of a proposed 30,000 tpa capacity battery anode facility ("BAF") located in the United Arab Emirates... Keep Reading...
25 September
Initial Drill Results at Orom-Cross Highlight High Grade Shallow Zones
First assay results from latest 7,750m programme confirm extensions to orebody and further high-grade zones
Blencowe Resources Plc (LSE: BRES) is pleased to announce the first batch of assay results from its Stage 7 drilling programme at its Orom-Cross graphite project in Northern Uganda. This campaign, the largest in the Company's history, included geotechnical holes, infill drilling and exploration... Keep Reading...
24 September
EU Commissioner Dan Jørgensen to visit Amitsoq
GreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that the European Union ("EU") Commissioner for Energy, Dan Jørgensen, will be visiting GreenRoc's Amitsoq graphite deposit and planned mine site... Keep Reading...
Latest News
Sign up to get your FREE
Altech Batteries Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00