Altech Batteries' strategic agreement

Altech Batteries (ASX:ATC) has executed a second Offtake Letter of Intent with Referenzkraftwerk Lausitz GmbH (RefLau). RefLau will purchase 30 MWh of CERENERGY® energy storage in the first year, increasing to 32 MWh annually over the next four years. Altech plans to buy renewable electricity from Enertrag and Energiequelle for their production plant.

Altech Batteries' strategic expansion

Altech Batteries' agreement with RefLau outlines the purchase of CERENERGY® energy storage, starting with 30 MWh and rising to 32 MWh annually over five years. Deliveries are expected by Q4-2026. The deal includes Altech buying renewable electricity from Enertrag and Energiequelle, supporting their production plant. This collaboration aims to address energy supply gaps and create renewable power islands. Altech's CERENERGY® batteries offer a safe alternative to lithium-ion technology, aligning with global energy transition trends. The company's ambitions extend into the hydrogen sector, with plans for a green hydrogen pilot project. Altech is also developing high-purity alumina technology, reinforcing its commitment to sustainable energy solutions.

Altech Batteries CEO's insight

The agreement exemplifies the growing demand for innovative energy storage solutions. Securing a significant portion of our production capacity for the first few years is crucial.