Altech Batteries has announced that its CERENERGY battery project has been awarded the “Dark Green” accreditation, the highest environmental rating given by the Centre of International Climate and Environmental Research (CICERO), now under Standard and Poor’s Global Ratings.
The assessment underscores the project’s alignment with long-term sustainability goals and low-carbon strategies, Altech said in a news release.
The CERENERGY battery, a sodium chloride solid-state technology, was recognised for its low carbon footprint, minimal supply chain requirements, and environmentally friendly production.
The assessment, part of Altech’s Green Bond Framework evaluation, highlights the battery’s role in transitioning the power and industrial sectors towards cleaner energy.
The framework’s “Dark Green” rating reflects the importance of battery storage in facilitating decarbonisation, offering alternatives to lithium-ion batteries, and reducing overall emissions.
According to Altech, the CERENERGY battery has an estimated total emissions rate of 14 kgCO2/kWh, significantly lower than the 61-106 kgCO2/kWh emissions range for lithium-ion batteries cited in a 2019 study by the IVL Swedish Environmental Research Institute.
Managing Director Iggy Tan noted that the accreditation also positions the project for financing through the green bond market, which exceeds $250 billion annually.
“The CERENERGY project’s green shading score does not affect bond pricing, rather it provides a transparent mechanism by which green bond investors are able to categorise their investment in terms of climate risks and impacts. We are very proud of achieving this significant milestone”
The CERENERGY battery’s production will be powered entirely by renewable energy, including solar installations, with materials sourced for low environmental risk.
