Altech Batteries (ASX:ATC) sparks European energy revolution with CERENERGY® GridPacks

Altech Batteries (ASX:ATC) sparks European energy revolution with CERENERGY® GridPacks

November 26, 2024 Off By MarketOpen

Altech Batteries (ASX:ATC) has once again caught the market’s attention by securing its second Offtake Letter of Intent (LOI) for its CERENERGY® GridPack energy storage systems.

This agreement with Referenzkraftwerk Lausitz GmbH (RefLau), a joint venture of European renewable energy stalwarts Enertrag SE and Energiequelle GmbH, sets a dynamic precedent in renewable energy integration and battery storage technology.

Highlights:

  • Strategic Partnership: Offtake agreement with RefLau, starting with 30MWh in the first year and scaling to 32MWh annually for the next four years.
  • Renewable Integration: Altech will utilise renewable electricity from its partners to power its Saxony-based production plant.
  • Market Demand: Two years of production fully allocated, with 50% of the following three years committed.

A Bold Step into the Renewable Future

RefLau’s interest in CERENERGY® technology underscores its faith in Altech Batteries sodium chloride solid-state batteries as a safer and greener alternative to conventional lithium-ion systems.

“The interest shown by RefLau in Altech’s technology is a clear signal of growing demand for innovative energy storage solutions,” said Altech’s Managing Director, Iggy Tan. “This agreement is not just about energy storage—it’s about enabling a sustainable, decentralised energy future.”

The CERENERGY® GridPacks are poised to revolutionise energy storage.

Built with zero lithium, cobalt, graphite, or copper, these batteries mitigate critical metal supply chain risks and exhibit robust performance across extreme environments, from icy winters to searing deserts.

A lifespan exceeding 15 years cements their viability as long-term, cost-effective solutions for renewable grid stabilisation.

A European Blueprint for Energy Independence

Germany’s phased coal exit has accelerated the adoption of clean energy technologies, with the Schwarze Pumpe industrial park at the epicentre of innovation.

RefLau, Enertrag, and Energiequelle envision an “Energy Island,” a hybrid power system integrating 80MW of solar and wind energy paired with CERENERGY® storage.

This model aims to set a new standard for decentralised, grid-connected energy solutions across Europe.

“The partnership’s plan to develop a standard hybrid power island represents a scalable solution that balances grid stability and renewable output,” said Tan.

This collaboration further reinforces Altech’s role in redefining the renewable energy landscape through industrial innovation.

Looking Ahead

Altech’s groundbreaking CERENERGY® batteries are scheduled for production at its Saxony facility, with initial deliveries anticipated by late 2026.

The addition of RefLau as a key customer demonstrates Altech’s capacity to attract premier renewable energy players, bolstering its reputation in Europe’s clean energy market.

By aligning advanced battery technology with renewable energy expertise, Altech is not only capturing market share but also redefining the paradigm of sustainable energy.

With the CERENERGY® GridPacks as the linchpin, the company has the potential to reshape global energy strategies.

The evolving synergy between Altech and its European partners offers a glimpse into a future where clean, reliable energy is the standard, not the exception.

As industries and governments worldwide grapple with the need for carbon-neutral solutions, Altech’s momentum signals that Australia is firmly in the race to lead the green energy revolution.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.