Altech to present its silicon EV battery tech to German Chancellor Olaf Scholz

Altech Chemicals (ASX:ATC), developing silicon-based technology to boost the performance of EV batteries and targeting the European market, will present its Silumina Anodes technology to the German Chancellery in Berlin. 

The Chancellery is the office of German Chancellor Olaf Scholz, who earlier this year stepped in to replace Angela Merkel. 

Olaf Scholz is widely regarded for being pro-ESG, though, ruffled some feathers when he firmly put a foot down against the prospect of bringing online new nuclear energy facilities in Western Europe’s largest country. 

Chancellor has visited pilot plant site 

Regardless, Altech today notes the Chancellor has already visited the site where Altech is to build its pilot plant facility, where the company will produce 120kg of its Silumina Anodes product. 

That visit came as part of a larger Federal initiative to re-work industrial areas in East Germany, formerly attached to coal mining, into industrial areas more aligned with a decarbonised future. 

As part of that Federal program, the German government has committed to spend EUR40bn in the region and across industries together. 

Altech notes its Silumina Anodes project aligns it with the German government’s European Battery Alliance framework. 

Where is the Pilot Plant?

In June, Altech executed a construction contract for the pilot plant with Küttner GmbH & Co. KG (Küttner).

Construction starts later this year and will be established in a warehouse next door to pre-existing land held by Altech (via its subsidiary AIG) in the Schwarze Pumpe industrial area in Saxony. 

Altech today notes building modifications have already commenced, with procurement of pilot plant equipment well underway and further materials inbound.

The silumina anode products will be tested by German EV battery tech experts Fraunhofer IKTS. When that partnership was announced in July, company shares jumped 7%. 

IKTS is a leading materials and research expert when it comes to lithium-ion batteries, and also has a laboratory nearby.

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