Altech Batteries Ltd literally a penny stock is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialize the revolutionary CERENERGY® Sodium Chloride Solid State (SCSS) Battery.
Altech Batteries Limited (ASX:ATC) is producing Batteries for grid storage and innovative battery material products. Using common table salt technology and without the requirement for lithium, copper, cobalt, graphite and manganese, the CERENERGY® battery can operate in a wide range of temperatures and has a life of 15 years, around double that of lithium-ion batteries. A prototype has been developed. Initial results from the testing are extremely promising. The ABS60 battery has outperformed early expectations. Notably, the battery has maintained excellent thermal stability, a crucial factor in high-capacity energy storage systems.