Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Starmer says UK to recognize Palestinian state if...
‘Critical’ closed-door congressional huddle focuses on growing antisemitism...
Trump’s CDC pick confirmed—but her pro-vaccine stance may...
Trump pick Emil Bove confirmed as federal judge...
From Gaza to Greenland, Macron breaks with Trump...
Schumer calls on FBI to conduct counterintelligence threat...
Biden ‘Politburo’ member Steve Ricchetti to appear before...
Trump looks to skip G20 summit in South...
Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked...
Biden ‘Politburo’ member Steve Ricchetti appears before House...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Altech – Third Offtake Heads of Agreement for CERENERGY® Gridpacks

by admin December 18, 2024
December 18, 2024
Altech – Third Offtake Heads of Agreement for CERENERGY® Gridpacks

Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) is pleased to announce the execution of a third offtake Heads of Agreement (HOA) between Axsol GmbH (Axsol) and Altech Batteries GmbH.

Highlights

  • Strategic Heads of Agreement
  • Executed with Axsol GmbH (Axsol)
  • Certified supplier to NATO
  • Offtake for 10MWh in first year, then rising to 30MWh in subsequent years
  • Option to increase to 120MWh per subject to availability
  • For the first five (5) years of production
  • Exclusive Distribution Agreement for Western Defence Industries
  • Cooperation for multisystem battery management system (BMS)

Axsol is a leading, award-winning provider of integrated renewable energy solutions and is based in Germany. Axsol leverages its expertise in diverse battery technologies and systems, alongside specialised equipment, to seamlessly integrate solar, wind, hydrogen energy and fuel cell solutions. These advanced energy systems ensure safe and reliable energy supply across multiple industries.

Altech has entered into an exclusive distribution agreement with Axsol to supply the western defence industry with CERENERGY® battery technology. As a certified supplier to NATO and select western allied forces, Axsol’s involvement will streamline qualification procedures, enabling early market entry and sales of CERENERGY® batteries. These highly robust, durable and non-flammable batteries are ideally suited for defence applications and government agencies.

Additionally, Altech will collaborate with Axsol to leverage its expertise and know-how in efficiently managing and integrating various battery technologies with multiple energy supply sources using its advanced energy management system, “AXOS.” Future Battery Energy Storage Systems (BESS) are expected to incorporate multiple battery technologies tailored for different applications. As such, smart integration is essential to ensure their efficient, reliable and cost-effective operation.

Key Terms of the Agreement

  • Deliveries are expected to commence in Q1 2027 at the earliest, following the commissioning of Altech’s production plant.
  • Technical specifications and guarantees will align with the provided data sheet.
  • A confidential price per GridPack has been agreed upon.
  • Minimum purchase targets are set at:
    • 10 MWh in 2027; and
    • 20 MWh in 2028; and
    • 30 MWh annually from 2029 to 2031.
  • Subject to availability, maximum purchase targets are:
    • 30 MWh in 2027; and
    • 60 MWh in 2028; and
    • 120 MWh annually from 2029 to 2031.
  • Axsol is the exclusive distribution partner for Altech CERENERGY® batteries to western defence industries.
  • Altech and Axsol will collaborate on the development of a multisystem battery management system.

Management Comment – CEO Iggy Tan

“We are delighted to have secured such a competent partner in Axsol, enabling Altech to enter the highly attractive defence-related market segment with our CERENERGY® GridPack Battery Energy Storage System. Axsol’s strong interest in our technology highlights the unique advantages of Altech’s CERENERGY® Sodium Chloride Solid State Battery technology and the exceptional unique selling points we bring to the market.”

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Cardiex Completes Placement Ahead of CONNEQT US Launch
next post
COLDry Fertiliser JV Seed Funding & Working Capital Secured

You may also like

Sun Summit Minerals: Advancing District-scale Gold and Copper...

July 4, 2025

Forte Minerals to Present at the Swiss Mining...

March 15, 2025

Taroom Trough Coals Flowed for First Time –...

August 23, 2024

Positive results from Phase 2 Sleep Signal Analysis...

August 14, 2024

BPH Energy LimitedInvestee Cortical Dynamics Update

October 25, 2024

Allied Critical Metals Announces Frankfurt Stock Exchange Listing

May 16, 2025

Tech 5: OpenAI Closes on US$6.6 Billion in...

October 6, 2024

Forum Energy Metals and Global Uranium Announce the...

February 11, 2025

Zodiac Gold Completes Drill Program at the Alasala...

October 28, 2024

QX Resources LtdSecures Option to Additional US Lithium...

September 26, 2024

Recent Posts

  • Starmer says UK to recognize Palestinian state if Israel doesn’t agree to ceasefire, Hamas must ‘disarm’
  • ‘Critical’ closed-door congressional huddle focuses on growing antisemitism in US, Mamdani’s rise
  • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda
  • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints
  • From Gaza to Greenland, Macron breaks with Trump on global flashpoints

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (845)
    • Investing (2,651)
    • Politics (3,267)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.