Altech Chemicals Limited (AU:ATC) has released an update.
Altech Chemicals Limited has reported significant advancements in the development of their 60 kWh CERENERGY battery prototypes, with a successful pilot plant redesign and over half of the prototype materials and cell assembly completed. The company has also announced robust economic projections for their battery project, including a pre-tax NPV of €169 million and an IRR of 19%, positioning themselves for the next funding phase amid a growing grid energy storage market. Additionally, progress on their Silumina Anodes Project continues, with equipment for plant construction received and commercial sample NDAs signed with leading automotive and battery supply chain companies.
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