{"id":13308,"date":"2024-12-18T00:52:55","date_gmt":"2024-12-18T00:52:55","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/18\/altech-third-offtake-heads-of-agreement-for-cerenergy-gridpacks\/"},"modified":"2024-12-18T00:52:55","modified_gmt":"2024-12-18T00:52:55","slug":"altech-third-offtake-heads-of-agreement-for-cerenergy-gridpacks","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/18\/altech-third-offtake-heads-of-agreement-for-cerenergy-gridpacks\/","title":{"rendered":"Altech \u2013 Third Offtake Heads of Agreement for Cerenergy\u00ae Gridpacks"},"content":{"rendered":"<\/p>\n

Altech Batteries Limited<\/strong> (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. <\/p>\n

Highlights<\/strong><\/p>\n

Strategic Heads of Agreement
\nExecuted with Axsol GmbH (Axsol)
\nCertified supplier to NATO
\nOfftake for 10MWh in first year, then rising to 30MWh in subsequent years
\nOption to increase to 120MWh per subject to availability
\nFor the first five (5) years of production
\nExclusive Distribution Agreement for Western Defence Industries
\nCooperation for multisystem battery management system (BMS) <\/p>\n

<\/div>\n

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.<\/p>\n

Altech has entered into an exclusive distribution agreement with Axsol to supply the western defence industry with CERENERGY\u00ae battery technology. As a certified supplier to NATO and select western allied forces, Axsol\u2019s involvement will streamline qualification procedures, enabling early market entry and sales of CERENERGY\u00ae batteries. These highly robust, durable and non-flammable batteries are ideally suited for defence applications and government agencies. <\/p>\n

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, \u201cAXOS.\u201d 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. <\/p>\n

Key Terms of the Agreement<\/strong><\/p>\n

Deliveries are expected to commence in Q1 2027 at the earliest, following the commissioning of Altech\u2019s production plant.
\nTechnical specifications and guarantees will align with the provided data sheet.
\nA confidential price per GridPack has been agreed upon.
\nMinimum purchase targets are set at:<\/p>\n

10 MWh in 2027; and
\n20 MWh in 2028; and
\n30 MWh annually from 2029 to 2031.<\/p>\n

Subject to availability, maximum purchase targets are:<\/p>\n

30 MWh in 2027; and
\n60 MWh in 2028; and
\n120 MWh annually from 2029 to 2031.<\/p>\n

Axsol is the exclusive distribution partner for Altech CERENERGY\u00ae batteries to western defence industries.
\nAltech and Axsol will collaborate on the development of a multisystem battery management system.<\/p>\n

Management Comment \u2013 CEO Iggy Tan<\/strong><\/p>\n

\u201cWe 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\u00ae GridPack Battery Energy Storage System. Axsol\u2019s strong interest in our technology highlights the unique advantages of Altech\u2019s CERENERGY\u00ae Sodium Chloride Solid State Battery technology and the exceptional unique selling points we bring to the market.\u201d <\/em><\/p>\n<\/p>\n

Click here for the full ASX Release<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":0,"featured_media":13309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=13308"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/13309"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=13308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=13308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=13308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}