Proactive’s Tylah Tully breaks down Just the Facts of the latest news from Altech Batteries Ltd (ASX:ATC, OTC:ALTHF).
The company has achieved a 55% increase in energy capacity for lithium-ion battery anodes through its Silumina Anodes™ technology. This was accomplished by blending alumina-coated silicon particles with battery-grade graphite to form a composite anode, surpassing the previous 30% energy increase. The new material showed an increased retention capacity of 500 mAh/g, compared to 320 mAh/g for traditional graphite-only anodes.
This breakthrough is seen as a key step in unlocking the potential of silicon in lithium-ion batteries, which Altech believes could revolutionise the battery industry.
The company has also completed a definitive feasibility study for an 8,000-tonnes-per-annum plant with strong economic prospects, including a pre-tax NPV of €684 million, 34% internal rate of return, and a 2.4-year payback period.
Altech has finished building a pilot plant and is now in the hot commissioning stage to further scale its technology for market entry.