Altech Batteries (ASX:ATC) says the prototype of its CERENERGY ABS60 battery is online and achieving “great” results under “real-world conditions”.
The 60KWh battery has been installed at the laboratory of Altech’s joint venture partner, Fraunhofer IKTS, in Dresden, Germany, where it is undergoing daily testing which it has passed with “flying colours”.
Results from the testing are considered “promising”, with Altech noting it has outperformed earlier expectations, and exhibits both efficiency and robust performance across all key metrics.
Comprising 240 cells rated at 2.58 volts each, Altech says the CERENERGY battery pack delivers a high-performance energy storage system which has been specially designed for demanding applications that require consistent performance and reliability in challenging environments.
CEO Iggy Tan says the battery is running better than expected and reconfirms the company’s confidence in the sodium-chloride solid-state battery technology — developed by Fraunhofer Institute.
“Using common table salt technology and without the requirement for lithium, copper, cobalt, graphite, and manganese, the CERENERGY battery can operate in a wide range of temperatures and has a life of 15 years, around double that of lithium-ion batteries,” Tan says.
“The prototype can now be demonstrated under real-world conditions, providing critical data for offtake parties. This will be invaluable as Altech pushes forward with sales and finance to construct the first 120 megawatt per hour plant.
“With the first letter of intent for 30 megawatt per hour of offtake with Schwarze Pumpe Industrial Park recently announced, we envisage that having the CERENERGY 60 kilowatt per hour battery prototype up and running and exceeding expectations, will further assist in the offtake process.”
During testing the battery has operated within safe temperature limits with no signs of overheating, which Altech says shows the effectiveness of the battery’s thermal management system; a key factor in safety and longevity.
The $69.7 million market capitalised company says the findings confirm the battery’s design and integrity, as well as enhance the company’s confidence in its commercial viability.
Altech adds that the battery’s setup enables continuous daily charging and discharging cycles to assess its efficiency, stability, and overall performance under real-world conditions.
The prototype is anticipated to continue undergoing further testing and refinement.
Altech Batteries is a speciality battery technology company that has a joint venture agreement with German Government battery institute Fraunhofer IKTS to commercialise the CERENEGY battery.
Write to Aaliyah Rogan at Mining.com.au
Images: Altech Batteries
