Altech Batteries (ASX: ATC) managing director Iggy Tan joins Small Caps to discuss the launch of its new battery pack designed for the renewable energy storage market.

Designed in collaboration with German partner Fraunhofer IKTS, the product known as GridPack uses sodium ions (commonly found in table salt) rather than lithium, cobalt, graphite or copper.

Altech says this makes it up to 40% cheaper to produce and lessens exposure to critical metal price rises and supply chain issues. A definitive feasibility study on the product is currently underway.

Articles:
https://smallcaps.com.au/altech-batteries-fraunhofer-launch-design-gridpack-sodium-chloride-battery-pack/
https://smallcaps.com.au/altech-batteries-receives-first-payment-sale-german-subsidiary-company/
https://smallcaps.com.au/altech-chemicals-begins-commissioning-wet-circuit-silumina-anodes-pilot-plant/

For more information on Altech Batteries:
https://smallcaps.com.au/stocks/ATC/

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