InvestSMART

Altech Batteries Limited (ASX:ATC)

ALERT: Price-sensitive ASX Announcement for ATC
Current share price for ATC : $0.008 -0.009 (-52.94%)+
Announcement
Release
11 May 2026 8:17AM
Price at Release
$0.017
Full Release
download
Summary
Altech Batteries Limited, an Australian company, has been making strides in battery technology through its joint venture with Fraunhofer IKTS to commercialize CERENERGY® Sodium Chloride Solid State batteries. These batteries are designed as a safer, more durable alternative to lithium-ion batteries, capable of operating in extreme weather conditions and are free from critical metals like lithium and cobalt. Altech is planning to establish a 120 MWh production facility in Germany to produce these batteries for grid storage solutions. The Silumina Anodes project has been discontinued, marking a strategic pivot towards the CERENERGY® technology.
Key Points
  • Altech Batteries Limited is advancing in battery technology.
  • Altech has a joint venture with Fraunhofer IKTS for CERENERGY® SCSS batteries.
  • CERENERGY® batteries are an alternative to lithium-ion batteries.
  • The technology is fire and explosion-proof and operates in extreme climates.
  • Altech plans to build a 120 MWh production facility in Saxony, Germany.
  • The facility will focus on grid storage solutions with CERENERGY® batteries.
  • CERENERGY® batteries use table salt, eliminating lithium, cobalt, graphite, and copper.
  • The Silumina Anodes project has been discontinued.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.