Altech Batteries has provided an update on funding for its CERENERGY sodium-chloride solid-state battery project in Saxony, Germany, according to a statement on Wednesday. The company said a large European bank was in the process of being mandated to provide debt funding, with the bank’s technical due diligence team conducting a final site visit. The…
Altech Batteries has announced that it has progressed funding of its CERENERGY sodium-chloride solid-state battery project in Saxony, Germany, appointing key advisers to assist. The company, through its Germany subsidiary Altech Batteries GmbH, appointed a global big four professional services firm to assist in securing finance for the 120MWh CERENERGY battery manufacturing plant. The project’s…
Sodium battery developer Altech Batteries has announced that its first CERENERGY ABS60 battery prototype is online and operating successfully having completed all physical tests ‘with flying colours’. The prototype was installed at Altech’s joint venture partner Fraunhofer IKTS’ test laboratory in Dresden, Germany, and integrated into a specially designed battery test station. This setup enables…
Silicon battery developer Altech Batteries has reported ‘excellent progress’ in the manufacture of prototype CERENERGY battery developed in joint venture with Germany’s Fraunhofer IKTS institute. Fraunhofer has developed a pilot plant in Hermsdorf, Germany which has been building two 60 kWh silicon battery pack prototypes designed for the grid storage market since 2023. The battery…