Altech Batteries has raised $4 million through a capital placement to accelerate key battery projects, including project financing, environmental permitting, and the commissioning of its Silumina Anodes pilot plant.
Altech Batteries has announced a milestone in its Silumina Anodes technology, achieving an average 55 per cent increase in lithium battery anode energy capacity, building on its previous 30 per cent improvement.
Altech Batteries has achieved a key milestone with the successful launch of its CERENERGY ABS60 prototype, a 60kWh battery installed at the Fraunhofer IKTS lab in Dresden, Germany, which, according to the company, is already surpassing initial performance expectations.
Altech Batteries has unveiled an opportunity for eligible shareholders to engage in an equity raising initiative through a Share Purchase Plan (SPP), aiming to generate up to $5 million.
Altech Batteries has characterised its advancements as "excellent," as it undergoes the manufacturing of two ABS60 60 kWh CERENERGY battery prototypes in Germany intended for customer performance testing.
Altech Batteries announced a significant milestone in the development of its CERENERGY project, as the company successfully increased the project's annual production capacity from 100 MWh to 120 MWh.
Altech Batteries has collaborated with the Centre of International Climate and Environmental Research (CICERO) to demonstrate the environmental credentials of its CERENERGY battery project.
ASX company Altech Batteries Limited has revealed the preliminary battery specifications for its CERENERGY 60 KWh and 1 MWh GridPack battery products.Â
Altech Batteries (ATC) has begun production and fabrication of two 60 kilowatt hour (KWh) battery pack prototypes at the Fraunhofer IKTS facility in Hermsdorf, Germany.