Altech Batteries boosts CERENERGY output to 120 MW/h per year | News Direct

Altech Batteries boosts CERENERGY output to 120 MW/h per year

Altech Batteries Ltd
News release by Altech Batteries Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | November 07, 2023 10:10 AM Eastern Standard Time

Altech Batteries Ltd (ASX:ATC) CFO Martin Stein speaks with Proactive after the company released an updated definitive feasibility study (DFS) demonstrating increased output of 20% for the CERENERGY® battery manufacturing project, from 100 megawatt hours (MW/h) to 120 MW/h per year. Lead engineering company Leadec and joint venture partner Fraunhofer instigated the upgrade, achieving the enhancement with technical design optimisations and without additional capital costs.

“From the beginning, we recognised a considerable margin built into the different equipment designs,” Tan said.

“Initially, our approach to facility design was quite conservative. However, as we've progressed in finalising the overall equipment operations, it has become evident that we possess the capability to increase our production rate.

“We are currently in the final stages of the DFS, where we are meticulously reviewing all cost factors, including operating consumables and purchased items.”



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