Altech Batteries announces major advancement

Altech Batteries (ASX:ATC) has reported a significant advancement in its Silumina Anodes™ battery material technology. The company achieved a 55% increase in energy capacity for lithium-ion battery anodes. This comes after resolving issues related to the dispersion of alumina-coated silicon particles.

Altech Batteries breakthrough summary

Altech Batteries has achieved a major breakthrough in its Silumina Anodes™ technology, enhancing energy capacity for lithium-ion batteries by 55%. The development of a composite anode combining silicon particles with graphite has addressed traditional issues such as particle swelling and capacity loss. Following a successful Definitive Feasibility Study for an 8,000tpa plant in Saxony, Germany, the company plans to scale up operations with a pilot plant. Altech aims to target the European electric vehicle market and is progressing towards commercializing its technology, backed by strategic partnerships and green accreditation.

Executive commentary on breakthrough

We are thrilled with the progress our team has made in overcoming the challenges associated with silicon in battery anodes. Our innovative approach has resulted in a composite anode that offers significantly enhanced energy retention capacities. This breakthrough is a testament to our commitment to advancing battery technology and addressing key industry challenges.