Melbourne-based Altech Batteries Ltd (ASX: ATC) has announced a revised Definitive Feasibility Study (DFS) for the CERENERGY® battery project, indicating a 20% increase in annual output to 120 MW/h. This surge in production has been made possible through technical design enhancements undertaken by Leadec and Fraunhofer, without necessitating any additional capital expenditure.
The company was initially conservative in its facility design but now anticipates higher production rates as it finalizes the DFS. In addition to this, Altech is thoroughly examining cost factors including operating consumables and purchased items.
The news of this updated DFS and increased output comes as a significant development for Altech, demonstrating its ability to enhance production efficiency while maintaining cost control. For further details on this development, Jonathan Jackson of Proactive Investors can be contacted at +61 413 713 744.
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