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Altech Batteries Limited uploaded a Corporate Update
April 28, 2023


Quarterly Report


Change of Company Name to Altech Batteries Limited

  • Resolution was approved by shareholders at the General Meeting held on 21 February 2023
  • Resolution received overwhelming support, with 99.72% of the votes received being in favour of the change
  • New name reflects Altech’s vision to meet a battery storage future as the world transitions to the electrification of energy solutions
  • New name is consistent with the business and market segments of all three of Altech’s projects
  • New name will allow for marketing of Altech’s future products in a more beneficial manner
  • Altech will retain the current ASX ticker, “ATC”

Launch of CERENERGY 1.0 MWh GridPack Design for Renewable Energy Storage Market

  • Launch of 1.0 megawatt-hour (MWh) GridPack design
  • Non-Lithium Battery – Sodium Alumina Solid State
  • Rated at 600 Volts DC and 100 Ah
  • Specially designed for renewable energy and grid storage market
  • Able to be safely installed outdoors in any weather conditions
  • Sea container design, easy transportation by sea or road
  • “Plug and play” site installation
  • GridPacks are modular and stackable which reduces battery footprint
  • Noiseless operation – ideal for noise-sensitive environments
  • Low maintenance costs over battery life

Update of CERENERGY Battery Project

  • Outstanding progress and advancement of the project Definitive Feasibility Study
  • Expert Workshops held in Germany in October and December 2022
  • Design basis for 100MWh battery plant were finalised
  • All major equipment suppliers selected
  • Potential early-stage off-take discussions
  • Exploring various grant schemes and initial contact with EU banks

Great Progress at German Silumina Anodes Pilot Plant

  • Significant progress and according to plan
  • Front end wet circuit complete
  • Commissioning underway of wet circuit
  • On site laboratory completed and being commissioned
  • Long lead calciner still outstanding from South Africa
  • Expect to commission calcining end of Q3

Silumina Anodes Project Update

  • DFS work progressing well on full-scale 10,000tpa plant
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