Altech Batteries Ltd (ASX:ATC) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialise the revolutionary CERENERGY® Sodium Chloride Solid State (SCSS) Battery.
ACERENERGY® batteries are the game-changing alternative to lithium-ion batteries. CERENERGY® batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY® battery, with plans to construct a 120Mwh production facility on Altech’s land in Saxony, Germany. The facility intends to produce 120 1MWh CERENERGY® battery GridPacks per annum to provide grid storage solutions to the market.
Managing Director: Iggy Tan
Mr Tan is a highly experienced mining and chemical executive with a number of significant achievements in commercial mining projects such as capital raisings, funding, construction, start-ups and operations. Mr Tan has over 30 years’ chemical and mining experience and been an executive director of a number of ASX-listed companies. He holds a Master of Business Administration from the University of Southern Cross, a Bachelor of Science from the University of Western Australia and is a Graduate of the Australian Institute of Company Directors.
Mr Iggy Tan became the Company’s managing director in August 2014. He is responsible for managing and implementing the next stage of the Company’s strategic business objectives, which includes the commercialisation of the battery materials coating project as well as the high purity alumina (HPA) project. Having been involved in the commissioning and start-up of seven resource projects in Australia and overseas, including high purity technology projects, Mr Tan is an accomplished project builder and developer.
Mr Tan previously held the positions of managing director of Nickelore Limited, Galaxy Resources Limited and Kogi Iron Limited. At Galaxy Mr Tan was responsible for the capital raising, construction and start-up of the company’s Mt Cattlin spodumene mine ($80m) and the Jiangsu lithium carbonate plant ($100m), which resulted in Galaxy becoming the world’s leading producer of high purity lithium carbonate. The Jiangsu plant was eventually sold for $260m in 2014.
Latest News
Altech Batteries (ASX:ATC) secures strategic first offtake for CERENERGY® GridPacks
Altech Batteries has secured its first Offtake Letter of Intent with ZISP, marking a pivotal step in Germany’s energy transition as the Schwarze Pumpe Industrial Park shifts from coal to...
Altech’s power-to-production
Altech Batteries has claimed its early mover advantage, with time now ripe to capitalise on opportunity amid a global energy megatrend.
Altech (ASX:ATC) unveils profitable DFS for grid-storage battery production
Altech's DFS shows highly profitable production of its industry-disrupting battery storage technology.
Altech (ASX:ATC) move further to market
With plans locked on two high-tech battery facilities in Germany, Altech has secured the heavy investor backing to bring its ambitions to market.
Altech entitlement offer – interview featuring Chief Financial Officer Mr Martin Stein
To learn about investment opportunities with Altech Batteries, receive up-to-date information directly from the company's Chief Financial Officer, Mr. Martin Stein. YouTube link https://youtu.be/GBeU495UYSE During the interview, Martin talks about...
Altech (ASX:ATC) show low-carbon creation
Shown to produce half the emissions of lithium-ion batteries, Altech is proving up its green credentials as it brings its eco-friendly facility online.
