Altech Batteries Limited uploaded a News Release
December 21, 2023
Altech Announces Outstanding Definitive Feasibility Study for Silumina Anodes Battery Materials Projects
Definitive Feasibility Study Highlights:
- Highly positive Definitive Feasibility Study for the 8,000tpa Silumina AnodesTM project
- 8,000 tpa alumina-coated metallurgical silicon only
- Customers to blend coated silicon (10%) with their uncoated graphite source
- Means expansion from 15 gigawatt-hours (GWh) to 120 gigawatt-hours (GWh)
- Increase of battery energy density by at least 30%
- Capital cost estimated at €112 million with outstanding economics
- Pre-tax Net Present Value (NPV10) of €684 million
- Attractive Internal Rate of Return (IRR) of 34%
- Payback period is 2.4 years
- Forecast 18% CAGR growth of silicon in battery anodes till 2035
- Green accredited project using renewable energy
- Pilot plant construction in final stages for product qualification
- NDAs executed with two German automakers, two US automakers, one US battery materials supply company and one European battery maker