Altech Raises $6M at 4.5c to Advance CERENERGY and Silumina Anodes Projects
Altech Batteries has raised $6 million through a share placement to accelerate development and commercialisation of its innovative battery technologies, including the CERENERGY solid-state battery and Silumina Anodes.
- Raised $6 million at $0.045 per share with free attaching options
- Funds to support CERENERGY battery prototype completion and project finance
- Advancing AMPower UPS battery sales across Europe, Australia, and the US
- Silumina Anodes pilot plant operational with NDAs signed with major automakers
- Preliminary assessment underway for a 4 GWh Giga factory in Germany
Capital Raise to Fuel Ambitious Battery Projects
Altech Batteries Limited (ASX – ATC) has announced a $6 million capital raising through a placement priced at 4.5 cents per share, accompanied by free attaching options exercisable at 6.5 cents. The funds are earmarked to advance several key battery technology projects that position the company at the forefront of next-generation energy storage solutions.
The placement, managed jointly by Evolution Capital and Alpine Capital, will see the issue of over 133 million new shares, with the proceeds providing Altech with the financial flexibility to push forward on multiple fronts. These include completing a 90kWh prototype for its CERENERGY solid-state battery, securing project finance for a 120 MWh production facility in Germany, and expanding sales of sodium nickel chloride (SNC) UPS batteries under the AMPower collaboration.
CERENERGY and AMPower – Pioneering Safer, Sustainable Batteries
The CERENERGY battery project, developed in partnership with Germany’s Fraunhofer IKTS, offers a lithium-free, cobalt-free, and graphite-free alternative to traditional lithium-ion batteries. Its solid-state sodium chloride chemistry promises enhanced safety, longevity exceeding 15 years, and resilience in extreme climates. Altech’s plan to build a 120 MWh production plant in Saxony aims to bring this technology to grid-scale energy storage markets.
Meanwhile, the AMPower collaboration leverages an existing sodium nickel chloride battery manufacturing platform to supply UPS batteries across Europe, Australia, and the US. These batteries target critical infrastructure sectors requiring reliable, fire-safe backup power solutions. Altech’s role includes branding, specification, and distribution, accelerating its market presence in the industrial battery segment.
Silumina Anodes – A Step Towards Higher Energy Density Batteries
Complementing its battery projects, Altech is advancing its Silumina Anodes technology through a pilot plant in Germany. This proprietary silicon alumina coating enhances lithium-ion battery capacity by around 30%, promising lighter, longer-lasting batteries with reduced environmental impact. The company has secured NDAs with major US and European automakers, signaling strong industry interest in this innovation.
Altech’s definitive feasibility study for an 8,000-tonne per annum Silumina Anodes plant underscores its commitment to scaling this technology. The project benefits from green accreditation and a strategic silicon feedstock partnership with Ferroglobe, positioning it well within the European EV battery supply chain.
Looking Ahead – Giga Factory and Commercialisation Milestones
Beyond immediate milestones, Altech is conducting preliminary assessments for a 4 GWh Giga factory to enable large-scale production of its battery technologies. This ambitious step reflects the company’s vision to become a significant player in the global battery market, addressing growing demand for safer, sustainable energy storage solutions.
Managing Director Iggy Tan highlighted the timing of the capital raise as pivotal, coinciding with the establishment of sales and distribution infrastructure and the commercialisation of multiple battery projects. The company’s strategic partnerships and pilot plant progress provide a solid foundation for future growth.
Bottom Line?
Altech’s $6 million raise sets the stage for critical commercial milestones, but execution risks and financing remain key watchpoints.
Questions in the middle?
- Will Altech secure project financing for the 120 MWh CERENERGY production facility as planned?
- How quickly can the company convert pilot plant successes into commercial sales and revenue?
- What are the timelines and capital requirements for the proposed 4 GWh Giga factory?
