EQS-Adhoc

Altech Advanced Materials AG: publishes results of final feasibility study for CERENERGY battery plant

EQS-Ad-hoc: Altech Advanced Materials AG / Key word(s): Study/Study results Altech Advanced Materials AG: publishes results of final feasibility study for CERENERGY battery plant 20-March-2024 / 10:28 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of inside information pursuant to Article 17 MAR

 

Altech Advanced Materials AG publishes results of final feasibility study for CERENERGY battery plant

Heidelberg, 20.03.2024 - Altech Advanced Materials AG (ISIN: DE000A31C3Y4, DE000A31C3Z1 und DE000A3EX2C1) announces the results of the final feasibility study (DFS) for the planned CERENERGY battery plant of Altech Batteries GmbH in Schwarze Pumpe with a planned annual production capacity of 120 MWh. Based on current price and cost calculations, this results in a sales potential of EUR 106 million per year at full capacity utilization. Free cash flow before tax is EUR 51 million per year. The EBITDA margin is 47%. The net present value (NPV) amounts to EUR 169 million. The internal rate of return is 19% and the capital repayment period is 3.7 years with continuous operation. The investment costs for the battery plant are estimated to amount to EUR 156 million.

In view of the expected economic viability of the CERENERGY project, the project partners Altech Advanced Materials AG, Altech Batteries Ltd and the joint venture partner, Fraunhofer Gesellschaft zur Förderung der angewandten Forschung e.V., now intend to enter the financing phase of the project in order to enable it to be realized as soon as possible.

Explanatory part

A first production plant for CERENERGY in Schwarze Pumpe, Saxony, for a first line with an annual capacity of 120MWh, is currently being planned. Corresponding building applications have been submitted, land acquired, and the production plant design drawn up. Altech has also submitted funding applications at federal and state level to finance the battery plant.