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Altech Batteries Secures $4M, Advances CERENERGY® Project with 55% Energy Boost
1:44pm on Wednesday 29th of January, 2025 AEDT
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Energy
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Altech Batteries Secures $4M, Advances CERENERGY® Project with 55% Energy Boost
1:44pm on Wednesday 29th of January, 2025 AEDT
Key Points
Secured $4 million in oversubscribed share placement at a 50% premium
Achieved 55% higher energy density in Silumina Anodes™ lithium-ion batteries
Advanced funding strategy with positive interest from 10 banks and 2 venture debt funds
Signed multiple offtake agreements totaling over 70 MWh for CERENERGY® GridPacks
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