This would be a positive development for grid storage, having a safe, explosion proof battery that doesn't use expensive, volatile materials.
Safer, Smarter Grid Storage with Sodium Technology
Investment Highlights:
Sector: Energy Storage Solutions with focus on the European grid market.
Business Model:B2B, Manufacturing and Supplying Grid Storage Solutions.
Facility: Commercialising a 120 MWh production facility for solid-state sodium chloride batteries.
Technology: Fire and explosion-proof batteries using common table salt, avoiding reliance on lithium and other scarce materials.
Market Opportunity:Targeting the European grid energy market with 1MWh GridPacks.
Capital Raise:Entitlement offer of up to $8.5M with free-attaching options.
“Altech's CERENERGY sodium-chloride solid-state battery revolutionary battery technology uses common table salt (sodium-chloride), is fire and explosion proof, can operate in a wide range of temperatures and is not exposed to lithium, copper, cobalt, graphite or manganese like many other technologies, including lithium-ion batteries.”Executive Summary
Altech Batteries is pioneering in the energy storage sector with its cutting-edge solid-state sodium chloride batteries. By leveraging common table salt, Altech’s CERENERGY batteries offer a safer, more sustainable alternative to lithium-ion batteries, being fire and explosion-proof and capable of operating under extreme temperatures. Their 120 MWh production facility is set to revolutionise grid storage in Europe, while their advanced battery material development, including silicon-infused graphite anodes, paves the way for higher energy density solutions in the lithium-ion battery market.
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