The company’s CERENERGY Batteries and Silumina Anodes, which are currently being commersialised in Germany, have triggered an updated valuation of Altech’s share value at
AU$0.20, representing a 341 percent upside from its current share price of AU$0.046.
“As the world increasingly focuses on decarbonisation, the demand for these advancements continues to grow. We have raised our price target due to the progress Altech has made over the year moving towards commercialisation,” the report said.
Prototype 60 KWh battery being assembled and tested at Fraunhofer IKTS laboratory
Altech has completed its first CERENERGY ABS60 battery prototype unit, installed at Altech’s joint venture partner Fraunhofer IKTS’ test laboratory in Dresden, Germany, and integrated into a specially designed battery test station.
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