Agree mimmo , Anteotech's $18.9 million market cap is ridiculous ,the battery division alone was valued at close to $800 million 3 years ago with value improved milestones since , ADO is at the start of a bull run in my opinion , its at earning income from 2 exciting divisions, Energy and POC and potentially a lot more to be added with this exciting tech , the market is asleep at the wheel on this one, peak pessimism.
I'm told the Ateotech staff are 100% dedicated working harder than ever to succeed , looing forward to the webinar on Wednesday , we need an update on the 900 cycles @ 70% energy retention please.
Better Batteries Hoped From Home-Grown Silicon Anode Tech
October 30, 2024 by Michael Bloch Lighter, Smaller, Cheaper Batteries
Commenting on the grant, ARENA CEO Darren Miller said:
“We’re hopeful this technology has the potential to be quickly integrated in existing manufacturing processes so that the benefits can be accessed by customers in a timely manner.”
The company is receiving a helping hand from the Albanese Government through the Australian Renewable Energy Agency (ARENA), which is taking a $4 million punt to support AnteoTech’s $11.1 million Generation 2 Ultra High Silicon Anode project being run over three years. The funding will allow the company progress to a larger scale of prototyping and help bring its commercial technology to market.
The Brisbane company has scored millions from the Australian Government to support the development of technology that could cut the costs of lithium-ion batteries and boost their capacity.
Most lithium-ion batteries today use graphite anodes. Using high-silicon anodes provides much greater energy density, but degradation challenges have remained a deal-breaker. Silicon expands three to four times its original volume as it binds to lithium ions, and as it expands and contracts, this leads to material fracture.
But perhaps remaining silicon anode hurdles will be cleared in the not-too-distant future thanks to Australian know-how.
Targeting stationary storage (such as home batteries) and electric vehicles, ASX-listed AnteoTech is developing high-silicon anode technology that the company plans to licence to future partners. Part of its secret sauce is Anteo X, which is an additive that reinforces battery binders; reducing degradation and helping maximise performance.
ADO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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