Altech Batteries

Altech - Third Offtake Heads of Agreement for CERENERGY® Gridpacks

Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) is pleased to announce the execution of a third offtake Heads of Agreement (HOA) between Axsol GmbH (Axsol) and Altech Batteries GmbH.


Highlights

  • Strategic Heads of Agreement
  • Executed with Axsol GmbH (Axsol)
  • Certified supplier to NATO
  • Offtake for 10MWh in first year, then rising to 30MWh in subsequent years
  • Option to increase to 120MWh per subject to availability
  • For the first five (5) years of production
  • Exclusive Distribution Agreement for Western Defence Industries
  • Cooperation for multisystem battery management system (BMS)

Axsol is a leading, award-winning provider of integrated renewable energy solutions and is based in Germany. Axsol leverages its expertise in diverse battery technologies and systems, alongside specialised equipment, to seamlessly integrate solar, wind, hydrogen energy and fuel cell solutions. These advanced energy systems ensure safe and reliable energy supply across multiple industries.

Altech has entered into an exclusive distribution agreement with Axsol to supply the western defence industry with CERENERGY® battery technology. As a certified supplier to NATO and select western allied forces, Axsol's involvement will streamline qualification procedures, enabling early market entry and sales of CERENERGY® batteries. These highly robust, durable and non-flammable batteries are ideally suited for defence applications and government agencies.

Additionally, Altech will collaborate with Axsol to leverage its expertise and know-how in efficiently managing and integrating various battery technologies with multiple energy supply sources using its advanced energy management system, “AXOS.” Future Battery Energy Storage Systems (BESS) are expected to incorporate multiple battery technologies tailored for different applications. As such, smart integration is essential to ensure their efficient, reliable and cost-effective operation.

Key Terms of the Agreement

  • Deliveries are expected to commence in Q1 2027 at the earliest, following the commissioning of Altech's production plant.
  • Technical specifications and guarantees will align with the provided data sheet.
  • A confidential price per GridPack has been agreed upon.
  • Minimum purchase targets are set at:
    • 10 MWh in 2027; and
    • 20 MWh in 2028; and
    • 30 MWh annually from 2029 to 2031.
  • Subject to availability, maximum purchase targets are:
    • 30 MWh in 2027; and
    • 60 MWh in 2028; and
    • 120 MWh annually from 2029 to 2031.
  • Axsol is the exclusive distribution partner for Altech CERENERGY® batteries to western defence industries.
  • Altech and Axsol will collaborate on the development of a multisystem battery management system.

Management Comment - CEO Iggy Tan

“We are delighted to have secured such a competent partner in Axsol, enabling Altech to enter the highly attractive defence-related market segment with our CERENERGY® GridPack Battery Energy Storage System. Axsol’s strong interest in our technology highlights the unique advantages of Altech’s CERENERGY® Sodium Chloride Solid State Battery technology and the exceptional unique selling points we bring to the market.”


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
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Altech Batteries

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Revolutionary sodium-chloride solid state batteries for renewable energy storage and silicon in graphite anodes for higher energy density batteries.

VIDEO: Altech Batteries Ltd  Silumina Anodes Project Update

VIDEO: Altech Batteries Ltd Silumina Anodes Project Update

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to provide an update of the Silumina AnodesTM Project. This Company's game changing technology incorporates high-capacity silicon into lithium-ion batteries. Through in house R&D, the Company has cracked the "silicon code" and successfully achieved a 30% higher energy battery with improved cyclability or battery life. The Company's proprietary silicon product is registered as Silumina AnodesTM.

Highlights

- Spherisation of coated silicon particles- newest technological development

- Positioned in voids of graphite layer - further reducing impact of swelling

- Optimised 5% silicon content gives 50% capacity increase

- Pilot plant in Germany now operational

- All challenges resolved and ready for customer testing

SPHERISATION OF COATED SILICON

As previously noted, key challenges in using silicon in lithium-ion battery anodes include particle swelling, first-cycle capacity loss of up to 50%, and rapid battery degradation. Altech's initial approach involved coating individual silicon particles with a nanolayer of alumina to reduce expansion and mitigate first-cycle loss. This method proved effective. Building on this success, the next phase of development involved spherifying the coated silicon particles and applying additional coatings to the spherical structures (refer Figure 1*). These spherical, alumina-coated silicon particles can be effectively distributed within the voids of graphite, helping to minimise long-term damage to the electrode layer caused by expansion (refer Figure 2*). By residing in these voids, the particles can move without exerting stress on the surrounding graphite sheets. Additionally, the Company's R&D laboratory has optimised silicon content to a 5% addition, which has delivered a 50% capacity performance improvement in battery applications. The improvement in battery anode capacity can be seen in Figure 3 and 4*.

SUCCESSFUL PILOT PLANT OPERATION

Altech is in a race to get its patented technology to market. To support the development, Altech constructed a pilot plant adjacent to the proposed project site to enable the qualification process for its Silumina AnodesTM product. Coated silicon products are now being successfully produced at the Company's pilot plant located at Dock 3 in Saxony, Germany. The commissioning process presented a number of technical challenges, primarily related to the equipment delivery delays, supply of SiC materials, poor flowability and handling difficulties of the ultra-fine silicon powders used in the process - particles measuring less than one micron in size. These powders tended to cause hang-ups and blockages within the system, complicating consistent material movement and process stability. However, through a combination of engineering adjustments and process optimisations, these issues have now been resolved. The pilot plant is now operational and has produced high-quality coated silicon particles. These products are ready for evaluation and testing by potential customers, marking a key milestone in the commercialisation pathway.

Group Managing Director Iggy Tan said "The next generation of our development, leveraging spherization technology, has successfully addressed the long-standing challenges of silicon-namely swelling and rapid degradation. We've achieved a battery with 50% higher energy density and enhanced cycle life, all with a modest addition of silicon. Our proprietary alumina-coated, spherical silicon particles represent a breakthrough in battery anode materials. Production at our pilot plant in Saxony marks a significant milestone, and we are actively engaging with potential customers for evaluation. This progress places Altech at the forefront of next-generation battery technology as we move toward commercialisation."

To view the Video Update, please visit:
https://www.abnnewswire.net/lnk/75FWT03F



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech Batteries Ltd  CERENERGY at Hannover International Industrial Fair

Altech Batteries Ltd CERENERGY at Hannover International Industrial Fair

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that the Company showcased it's CERENERGY(R) Battery technology at the prestigious Hannover Messe 2025, the world's leading industrial trade fair. The event, which annually attracts over 200,000 visitors and 6,500 exhibitors from across the globe, provided Altech with a prime platform to introduce CERENERGY(R) to key stakeholders in the energy storage sector.

Altech's CERENERGY(R) was prominently featured in the Energy Storage Hall, drawing significant attention from industry leaders, potential partners, and investors eager to explore next-generation solutions for clean energy storage. The company's participation is part of a broader strategic effort to secure a strong commercial partner to help accelerate the commercialization of its sodium-alumina solid-state battery technology.

Throughout the event, Altech held numerous high-level meetings with representatives from energy companies, industrial manufacturers, and strategic investors looking to tap into the rapidly growing energy storage market. The response has been overwhelmingly positive, reflecting strong global demand for advanced battery technologies that can deliver high performance while reducing reliance on critical raw materials such as lithium and cobalt.

The Hannover Messe exhibition comes at a time when Germany is ramping up its defense and clean energy investments, driven in part by growing geopolitical uncertainties and the ongoing EU:US trade war. With energy security becoming a top priority, Altech's CERENERGY(R) technology aligns perfectly with Europe's strategic push towards energy independence and industrial resilience.

Group Managing Director Iggy Tan said "We are delighted by the level of interest in our CERENERGY(R) battery technology at Hannover Messe. The feedback we've received from potential partners and industry players has been extremely encouraging. As countries and industries accelerate their transition towards renewable energy, we see CERENERGY(R) as a game-changer in providing cost-effective, safe, and sustainable battery solutions."

*To view photographs, please visit:
https://abnnewswire.net/lnk/8J6TA5ZV



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech - CERENERGY Cells Test Safe Under Extreme Conditions

Altech - CERENERGY Cells Test Safe Under Extreme Conditions

Altech Batteries (ATC:AU) has announced Altech - CERENERGY Cells Test Safe Under Extreme Conditions

Download the PDF here.

Altech Batteries Ltd  Agreement to Secure EUR2.5M in Funding

Altech Batteries Ltd Agreement to Secure EUR2.5M in Funding

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to advise that it is in the process of selling its land in Johor to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

Highlights

- Altech, subject to receipt of shareholder approval, will have the ability to drawdown up to EUR2.5M in cash funding

- Agreement reached with major shareholder Deutsche Balaton AG to provide funding

- Funding to be provided as Bearer Bonds with interest payable at 7.0% per annum

- Bearer Bonds secured by Altech's Malaysian land

- Repayment of the Bearer Bonds anticipated to be from sale of Altech's Malaysian land

- Shareholder meeting to approve facility anticipated for late April 2025

The Company has also entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech can drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

This funding will allow Altech to progress with its projects without the dilutionary impact to shareholders of a capital raise via a share issue. The repayment of the Bearer Bonds is secured by Altech's Malaysian land and requires Altech shareholder approval, and a General Meeting is anticipated to be convened in late April 2025.

Key terms of the Subscription Agreement are as follows:

- Total Bearer Bond facility of up to EUR2.5M to be drawdown in EUR500K amounts with interest payable at 7.0% per annum.

- Altech shareholders approving the grant of security to Deutsche Balaton AG over its Malaysian land in accordance with any requirement of the ASX, or the ASX granting a waiver from any requirement of the listing rules to obtain shareholder approval.

- a Security and Security Trust Agreement has been entered into under which Altech's 100% owned subsidiary Altech Chemicals Sdn Bhd has pledged security over its Malaysian land as well as a guarantee of repayment of the Bearer Bonds.

- Repayment of Bearer Bonds by maturity date of 31 October 2026.

- Default clauses applicable standard for Subscription Deeds of this nature.

Altech has placed its Malaysian land in Johor on the market for sale. Proceeds from the sale of the land are expected to provide sufficient funds to enable the Bearer Bonds to be repaid in full.



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Mr. Velloza's responsibilities will be transitioned to Mr. Nick Miller, who has been appointed as Acting Executive Vice President, Operations. This newly consolidated role merges the responsibilities of Interim Chief Operating Officer and General Manager, enabling a more streamlined and effective management structure as part of the broader organizational restructuring of the Molo operations.

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An aggregate of 3,276,000 units (the " Units") of the Company were issued in the Second Tranche of the Private Placement at a price of $0.05 per Unit for gross proceeds of $163,800, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each full Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date (the "Offering").

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