AnteoTech secures grant for silicon anode development

AnteoTech Ltd (ASX: $ADO) has been awarded up to $1.39 million in grant funding under the Queensland Critical Minerals and Battery Technology Fund. The funding will support the delivery of AnteoTech's Generation 1 Ultra High Silicon Anode programme, aimed at developing a prototype for the consumer electronics market.

AnteoTech CEO on the grant and technology

AnteoTech CEO and Managing Director David Radford expressed, 'This grant is the first Grant the Company has received towards developing our innovative silicon anode technology. The support for the Generation 1 Ultra High Silicon Anode development not only accelerates our commercialisation progress but also recognises the groundbreaking work our team is dedicated to. This grant underscores the QLD Government's recognition of the potential impact that battery technologies and innovation can have on our State and the future of energy storage. We are very appreciative of this support and excited to demonstrate the technology's capabilities, further solidifying our position as one of the leaders in this field.'

AnteoTech's Ultra High Silicon Anode program and outlook

AnteoTech Ltd (ASX: $ADO) has secured a significant grant of up to $1.39 million under the Queensland Critical Minerals and Battery Technology Fund to support the development of its Generation 1 Ultra High Silicon Anode. This program aims to create a prototype for the consumer electronics market, with the grant providing non-dilutive funding for equipment purchase and facility upgrades. The company's ambitions include completing an 18-month Project to develop the Generation 1 Ultra High Silicon Anode capable of 800 cycles at 80% capacity retention. Additionally, AnteoTech is also working on a Generation 2 anode targeting over 1,000 cycles at 80% capacity for storage and EV applications. The grant underscores the company's commitment to innovation and its position as a leader in the field of battery technologies and energy storage.