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.