Altech Batteries and Axsol agreement

Altech Batteries Limited (ASX: ATC) has entered into a significant agreement with Axsol GmbH, a German company specializing in renewable energy. This partnership marks Altech's third offtake agreement for their CERENERGY® GridPacks, targeting the defense sector. Axsol, a NATO-certified supplier, will distribute these batteries to Western defense industries. The agreement includes an initial offtake of 10 MWh in the first year, increasing to 30 MWh annually in subsequent years, with potential for up to 120 MWh, pending availability.

Strategic outlook for Altech Batteries

Altech Batteries Limited's partnership with Axsol GmbH represents a strategic move to enter the defense market with their CERENERGY® batteries. This agreement outlines an initial offtake of 10 MWh in 2027, with plans to scale up to 120 MWh annually, contingent on production capacity. Altech's CERENERGY® batteries, which are free from volatile critical metals, stand out for their long lifespan and safety features. The collaboration includes developing a battery management system to integrate various technologies. With production set to begin in 2027 at a new facility in Saxony, Germany, Altech aims to support sustainable defense solutions and expand its market reach. Additionally, Altech's Silumina Anodes™ project further reinforces its commitment to delivering innovative and eco-friendly battery solutions.

Altech CEO insights

We are excited to partner with Axsol, whose NATO certification and extensive network within the defense industry will be instrumental in the successful distribution of our CERENERGY® batteries. Our collaboration will focus on delivering a robust and reliable energy solution for defense applications, and we believe our fire and explosion-proof technology offers a unique advantage for these markets.