Altech Batteries Limited (ASX: $ATC) DFS Results

Altech Batteries Limited (ASX: $ATC) has released the results of a highly positive Definitive Feasibility Study (DFS) for its CERENERGY® project. The DFS showcases impressive project economics with a pre-tax Net Present Value (NPV9) of €169 million and an Internal Rate of Return (IRR) of 19%. The project, developed in collaboration with Fraunhofer IKTS, is now moving into the funding phase. The CERENERGY® battery technology offers numerous advantages over lithium-ion batteries, including being fire and explosion-proof, having a lifespan exceeding 15 years, and operating efficiently in various climates. Altech aims to produce 518,400 cells and 120 MWh GridPacks annually, targeting the growing grid energy storage market.

Executive Commentary on CERENERGY® Project

The CERENERGY® project represents a significant milestone for Altech Batteries. The positive results of the DFS validate the economic viability and technological superiority of our innovative battery technology. We are excited to move into the funding phase and further advance our collaboration with Fraunhofer IKTS. The CERENERGY® battery's unique features, including its long lifespan, environmental friendliness, and suitability for diverse climates, position us strongly in the grid energy storage market. We are confident in the potential of our technology to address the increasing demand for reliable and sustainable grid energy storage solutions.

Outlook for Altech Batteries and CERENERGY® Project

Altech Batteries Limited's CERENERGY® project has demonstrated robust project economics and technological advantages, paving the way for the company to make significant strides in the grid energy storage market. With the CERENERGY® battery technology offering compelling alternatives to traditional lithium-ion batteries, Altech aims to capitalize on the growing demand for grid energy storage solutions. The company's commitment to environmentally friendly production processes and its strategic positioning in the EU and US markets indicate a positive outlook for the future. As Altech progresses into the funding phase and continues its collaboration with Fraunhofer IKTS, it is well-positioned to contribute to the renewable energy sector and meet the evolving needs of grid energy storage.