Altech Advanced Materials AG Announces Positive Results for CERENERGY Battery Plant Feasibility Study

Altech Advanced Materials AG has released the results of the final feasibility study for the proposed CERENERGY battery plant located in Schwarze Pumpe, indicating a promising outlook with an annual production capacity target of 120 MWh. The study predicts an annual sales potential of EUR 106 million at full capacity, with an EBITDA margin of 47% and a net present value (NPV) of EUR 169 million. These figures foreground a robust internal rate of return of 19% and a payback period of 3.7 years under continuous operation.

The total investment estimated for the battery plant construction lands at EUR 156 million. The favorable results have encouraged the project partners, including Altech Batteries Ltd and Fraunhofer Gesellschaft, to move towards the financing phase. The CERENERGY battery, leveraging sodium chloride solid-state technology, boasts significant cost and safety advantages over traditional lithium-ion batteries, with operating costs pegged at EUR 0.06/kWh. This innovation eliminates the need for external cooling and is fabricated from readily available materials in Europe, reducing supply chain dependencies.

Altech is also advancing its application process for federal and state funding to facilitate the project. Market analysts project a strong annual growth rate of 28% for the global grid storage market through 2040, highlighting the timely relevance of the CERENERGY project. Further details of the study are accessible on the Altech Advanced Materials AG website.