Highest S&P green rating opens funding door for | Australian Markets

Altech Batteries has been awarded “Dark Green” certification, the best ranking supplied by world rankings company Customary & Poor, for its Cerenergy salt battery project, opening the door to funding from the large inexperienced bond market.

The company believes the accolade has underscored the project’s potential to redefine battery technology and shines a gentle on what it says is presumably the greenest battery technology accessible at the moment.

With the prized accreditation now beneath its belt, Altech has opened the door to potential funding from the large world inexperienced bond market, which has exploded to US$250 billion (A$400 billion) per 12 months.

The darkish inexperienced shading doesn’t essentially improve the price of debt funding. It does, nonetheless, open up a utterly new market of potential suitors, who in any other case might not have been capable of invest within the company as a result of of mandate restrictions.

Altech says Cerenergy has the bottom carbon footprint and provide chain necessities of any battery, which is able to probably help it standout in a crowd. Its major element, sodium chloride – the fundamental ingredient in desk salt – additional reinforces its inexperienced standing, as it’s one of the world’s most environmentally pleasant uncooked supplies for vitality storage technology.

Altech’s Cerenergy battery makes use of a cutting-edge solid-state sodium chloride system recognised for its remarkably low scope 1, 2 and three carbon emissions of simply 14 kilograms of carbon dioxide per kilowatt hour (kg CO2/kWh).

Compared, a current examine by the IVL Swedish Environmental Analysis Institute concluded that lithium-ion batteries for autos emitted between 61-106kg CO2/kWh from initial manufacture by means of to recycling.

Altech’s inexperienced credentials have been additional burnished by its plans to energy its manufacturing facility completely by renewable vitality after just lately closing a deal to instantly source photo voltaic vitality. Its design additionally eliminates the need for vital metals corresponding to lithium, cobalt and graphite, making it a sustainable various within the battery industry.

“The positive project assessment confirms that Altech’s CERENERGY project aligns to ICMA green bond criteria. The project can now be accessed by investors that participate in the green bond market, the size of which is approaching US$250 billion annually.” Altech Batteries managing director Iggy Tan

Including to its inexperienced credentials, the battery is designed for longevity and resilience and can operate effectively in excessive circumstances for more than 15 years.

Cerenergy batteries might be totally recycled on the company’s manufacturing plant. Administration says by using mechanical strategies fairly than utilizing chemical processes to reuse the battery parts, Altech can additional considerably cut back emissions and vitality consumption.

The company expects to obtain robust curiosity for its product from a vary of industries, together with powering industrial microgrids, as back up in information centres, logistical hubs and in hospitals. It additionally sees future potential in supplying the heavy industry sector for metal and chemical manufacturing.

In highlighting vital market alternatives, Altech believes its batteries might change into an splendid long-term answer for grid storage, successfully balancing grid stability by smoothing intermittent renewable vitality sources like wind and photo voltaic and managing peak masses.

A doubtlessly low-cost however large-scale model can also change into vital for vitality price arbitrage, by flattening out electrical energy pricing volatility – which presently might be excessive – during these durations.

In one other enterprise, Altech is pushing ahead with its Silumina anodes project, which provides high-capacity silicon into lithium-ion batteries for the electric vehicle market. The company says the technology delivers lighter, more energy-dense batteries with decreased greenhouse gasoline emissions.

With the prized Darkish Inexperienced gong beneath its belt, a 120mWh manufacturing facility shortly deliberate for construction in Germany and two offtake offers for more than 300MWh over 5 years, Altech Batteries seems poised to change into a key participant within the vitality storage sector.

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