Martin Stein, CFO of Altech Batteries (ASX:ATC), outlines the key challenges in commercialising new battery technology, including securing funding, scaling production, and obtaining regulatory approvals.
Altech is developing a 120MWh battery plant in Saxony, Germany, with offtake agreements already secured from major industrial and utility clients. Martin highlights the company’s progress from R&D to real-world testing, with a scalable design ready for global expansion. He stresses the importance of strategic partnerships and regulatory compliance, noting that Altech’s “dark green” rating from Standard & Poor’s aids in obtaining approvals.
The final hurdle is financing, with KPMG advising on debt and equity, and BNP Paribas expressing interest as a lead financier.
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