Altech power and energy system

Will Altech build a gigawatt battery plant in Saxony?

Once the Train 1 (120 MWh) plant is built and operating, the longer-term vision for the joint venture is to consider additional trains or a Gigawatt battery facility in Saxony. Altech has designed and launched the CERENERGY® Sodium Alumina Solid State (SAS) 60 KWh battery pack (ABS60) designed for the renewable energy and grid storage market.

Where is Altech developing a 120 MWh battery plant?

The joint venture has elected to develop a 120 MWh CERENERGY® battery plant (Train 1) on Altech’s site in Saxony, Germany. The target market is specifically focussed on the grid (stationary) energy storage market which is expected to grow by 28% CAGR in the coming decades.

How did Altech prevent a cascading blackout?

By arresting the fall in frequency, the facility was able to prevent a likely cascading blackout. For the joint venture between Altech and IKTS, three agreements have been executed.

What is Altech's net present value (npv9)?

With a capital investment of €156 million and working capital of €23 million, Altech’s DFS predicts a net present value (NPV9) of €169 million and annual EBITDA of €51 million from operations. The estimated internal rate of return stands at 19%, with a steady state capital payback period of 3.7 years.