Altech Batteries Limited

Highlights:

• Arrowhead is updating its coverage on Altech Batteries Limited with a fair value bracket of AUD 0.31 to AUD 0.68 per share (share price on August 21, 2023: AUD 0.068) based on the Net Present Value (NPV) methodology.
• Altech recently announced the production of two 60 KWh (ABS60) battery pack prototypes, which are to undergo internal testing before customer trials, at the Fraunhofer IKTS facility in Germany. Furthermore, the Company, in close collaboration with Fraunhofer IKTS, has released the battery specifications for its ABS60 and ABS1000 Grid Pack battery products. These products will cater to the evolving needs of the renewable energy and grid storage markets.
• Recently, an independent German university study estimated that CERENERGY® batteries account for a minimum of 50% lower greenhouse gas (GHG) emissions compared to lithium-ion batteries. This is attributed to their utilization of sodium chloride and nickel instead of GHG-intensive metals. Unlike lithium-ion batteries, which rely on metals such as lithium, cobalt, and copper, CERENERGY® batteries are environment-friendly, with their production leading to fewer harmful impacts associated with mining and extraction processes. As a result, the Company is pursuing green accreditation for its CERENERGY® battery and project through an external assessment by the Centre of International Climate and Environmental Research (CICERO).
• The Company has selected various suppliers for its CERENERGY® battery project to optimize different production aspects. Major suppliers include Gustav Eirich GmbH for ceramic mixing systems, Frey Systeme GmbH for green ceramic cell production, and Riedhammer GmbH for sintered ceramic cell production. Xenon Automation GmbH will oversee quality checks, while Fritz Automation GmbH will handle cell filling. Hofer Powertrain GmbH and König Metall GmbH will work on battery connections and casting. Dresden Elektronik GmbH will manage cell initialization and IAV GmbH will provide advanced battery management systems design. Leadec Automation & Engineering GmbH will be responsible for plant electrics and control systems, and ARIKON Infrastruktur GmbH for layout and permission.
• In terms of the Silumina AnodesTM project, the Company is constructing a pilot plant near its proposed site to facilitate the qualification process for its Silumina AnodesTM product. The initial phase, the ‘Wet Circuit,’ is progressing well with power supply enhancements, laboratory setup, and infrastructure development. The pilot plant, situated in Germany, will assess the product’s performance. An operational on-site laboratory and glove box enhance testing capabilities. The back-end construction is underway in South Africa and Europe for coating equipment, dryer, and calciner components. Altech is also expediting the production of certain elements, such as silicon carbide linings, to accelerate the progress. The Company foresees the installation and commissioning of the final components to be completed by the end of Q4 2023. This aligns with the operational phase of the pilot plant, enabling the provision of qualification samples to potential buyers. The Company will then focus on front-end engineering, securing funding, including grants, and navigating the project approval process.
• The recent fundraising activities involve raising c. AUD 15.8 mn through share issuance at AUD 0.07 per share, where c. AUD 3.0 mn was raised via a placement, and AUD 12.8 mn through an Entitlement Offer. These funds will be used for advancing the Sodium Chloride Solid-State CERENERGY® battery project (including DFS, fabrication of two ABS60 battery prototypes, and Fraunhofer joint venture payments), Silumina AnodesTM Projects (including finalization of construction and commissioning of the Silumina Anodes™ pilot plant) and other corporate costs and working capital needs.

Highlights:

CERENERGY Proposed Battery Specifications

• CERENERGY Battery Specifications
• 60 kWh Battery Pack (ABS60) for commercial applications
• 1 MWh (ABS1000) GridPack for grid-level storage and industrial power
• Fireproof, all-weather applications, multiple cycles per day
• Lowest levelised energy storage cost compared to Li-ion batteries
• Surplus renewable power discharged to the ground in Germany is EUR 2 billion per annum
• Reliable grid storage battery solution of the future

Two CERENERGY 60 kWh Battery Pack Prototypes in Production

• Final market product prototype under fabrication – 60 kWh (ABS60) battery pack
• Produced at the Fraunhofer IKTS facility in Hermsdorf, Germany
• 60 kWh battery pack design launched on 7 November 2022
• Extensive cycling simulations to evaluate the temperature profile
• Design freeze for prototype fabrication
• Prototypes for customer testing and qualification process

CERENERGY Battery 50% Greenhouse Gas Emissions of Lithium-ion Batteries

• CICERO engaged to evaluate green credentials of CERENERGY battery project
• Independent studies cited on Greenhouse Gas Emissions (GHG) for both lithium-ion and CERENERGY batteries
• Comprehensive analysis performed of the life cycle of both battery types
• CERENERGY batteries exhibit a minimum 50% lower GHG emissions compared to lithium-ion batteries
• Superior environmental performance and footprint
• CERENERGY eliminates the need for critical metals such as lithium, cobalt, copper, graphite, and manganese
• ESG reporting program initiated – World Economic Forum ESG Framework

CERENERGY Battery Project Suppliers Confirmed

• German battery plant suppliers selected
• Extensive expertise in manufacturing plants, automation and robotics
• Design basis completed of one battery cell unit every 45 seconds
• Outstanding progress and advancement of the project Definitive Feasibility Study
• Expert Workshops continue to advance the CERENERGY battery project

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

Highlights:

Altech Batteries issued 42,857,172 fully paid ordinary shares at $0.07 AUD per share, to sophisticated and professional investors.

An Application for Quotation of Securities with respect to the Shares has been lodged with the ASX on 21 July 2023 as well.

Highlights:

• German battery plant suppliers selected
• Extensive expertise in manufacturing plants, automation and robotics
• Design basis completed of one battery cell unit every 45 seconds
• Outstanding progress and advancement of the project Definitive Feasibility Study
• Expert Workshops continue to advance the CERENERGY® battery project

Highlights:

• CERENERGY® Battery Specifications
• 60 KWh Battery Pack (ABS60)for commercial applications
• 1 MWh(ABS1000) GridPackfor grid-level storage and industrial power
• Fireproof, all-weather applications, multiple cycles per day
• Lowest levelised energy storage cost compared to Li-ion batteries
• Surplus renewable power discharged to the ground in Germany is EUR 2 billion p.a.
• Reliable grid storage battery solution of the future

This is a short executive summary of Australia-based innovative battery materials company Altech Batteries Limited company from CEO & Managing Director Iggy Tan.

This is an executive summary of Australia-based innovative battery materials company Altech Batteries Limited from the CEO & Managing Director Iggy Tan, who will run you through Altech’s slide deck.

Highlights:

• Final market product prototype under fabrication – 60 KWh (ABS60) battery pack
• Produced at the Fraunhofer IKTS facility in Hermsdorf, Germany
• 60 KWh battery pack design launched on 7 November 2022
• Extensive cycling simulations to evaluate the temperature profile
• Design freeze for prototype fabrication
• Prototypes for customer testing and qualification process

Highlights:

• Discusses the Company’s CERENERGY(R) Battery Project and the launch of the 1MWh GridPack design
• The industry heavily relies on China for graphite anode material, which poses geopolitical risks
• Lithium-ion battery fires are difficult to put out because they generate oxygen at the cathode end of the battery
• The alternative solution is the Tech Chemical Serenity battery, which uses sodium alumina solid-state technology
• Designed in collaboration with German partner Fraunhofer IKTS, the product known as GridPack uses sodium ions (commonly found in table salt) rather than lithium, cobalt, graphite or copper
• Cheaper to produce and lessens exposure to critical metal price rises and supply chain issues.
• A definitive feasibility study on the product is currently underway