Proactive Investors
Published Jul 03, 2023 09:39
Updated Jul 03, 2023 10:00
Altech Batteries makes CERENERGY plant design progress with suppliers selected
Altech Batteries Ltd (ASX:ATC) has made significant progress on its CERENERGY® battery joint venture with Fraunhofer IKTS, with the company finalising the plant design with its selected suppliers.
Critical expert workshops were held at Fraunhofer’s facility in Dresden, Germany, in May, where the suppliers showcased their expertise in manufacturing plants, automation and robotics.
Pleased with progress
Altech managing director Iggy Tan, who led the workshops, said: "The level of excellence exhibited by the German plant unit suppliers we have brought together is truly remarkable.
“They possess extensive expertise in manufacturing plants that prioritise automation and robotics as essential components of the design.
“Our objective is to manufacture battery cells from the ground up, encompassing the production of ceramic solid-state tubes, full cell assembly and conducting quality and battery performance checks at a rate of one every 45 seconds.
“We have made substantial progress in our design endeavours and are currently transitioning towards obtaining the final cost estimates for the plant.
“Given our exclusive rights to this technology, all our design efforts will pave the way for our future success.”
Game-changing product
CERENERGY batteries have been designed to offer game-changing grid storage alternatives to lithium-ion batteries.
The batteries are fire and explosion-proof, have a lifespan of more than 15 years and can operate in extreme climates, while eliminating exposure to critical metal price rises and supply chain concerns.
The Altech-Fraunhofer joint venture is developing a 100-megawatt-per-hour SCSS battery plant on Altech’s land in Saxony, Germany, specifically focused on the grid (stationary) energy storage market.
This plant is being designed to produce ABS60 battery packs as a standard product to meet Europe’s renewable energy and grid storage market.
Fraunhofer had previously estimated that the cost of producing CERENERGY batteries will be 40% cheaper than lithium-ion batteries, as they do not require lithium, graphite, copper or cobalt.
This will be confirmed in the definitive feasibility study (DFS) that Altech is preparing.
The project suppliers
Frey's robotic isostatic pressing machine.
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