Altech Batteries (ASX:ATC) announces successful launch of CERENERGY® 60 kwh prototype

Altech Batteries Limited (ASX:ATC) has announced the successful launch of its first CERENERGY® ABS60 battery prototype. The prototype, which has exceeded early expectations, is currently undergoing daily testing at the Fraunhofer IKTS' test laboratory in Dresden, Germany. The prototype's exceptional efficiency, robust performance, and safe operating temperatures have positioned it as a strong contender for large-scale production.

Executive Commentary on CERENERGY® 60 kwh prototype

Altech's CEO and MD lggy Tan expressed satisfaction with the successful launch of the CERENERGY® 60kWh battery prototype, highlighting its performance exceeding expectations. Tan emphasized the technology's potential for critical data provision to off-take parties, further supporting the company's sales and finance efforts for the construction of the first 120MWh plant. The positive results from the prototype's testing have bolstered confidence in its commercial viability and are expected to facilitate the offtake process.

Summary of Altech Batteries' CERENERGY® 60 kwh prototype announcement

Altech Batteries (ASX:ATC) has achieved a significant milestone with the successful launch of the CERENERGY® 60 kwh prototype, demonstrating exceptional efficiency, robust performance, and safe operating temperatures. The prototype's performance has exceeded early expectations, positioning it as a strong contender for large-scale production. The company's ambitions to push forward with sales and finance for the construction of the first 120MWh plant have been further supported by the positive results from the prototype's testing. The success of the prototype underscores Altech Batteries' position at the forefront of advanced battery technology, offering a reliable and efficient energy storage solution.