Close menu




Altech Advanced Materials, Volkswagen, FREYR Battery - Investment opportunity in the future energy storage market

  • Technology
  • Batteries
  • renewableenergies
  • Electromobility
Photo credits: pixabay.com

The booming energy storage market will bring investments of USD 620 billion over the next 22 years, according to BloombergNEF. In this context, the focus shifts to Heidelberg-based Altech Advanced Materials AG, which specializes in emission-free energy storage solutions. Their innovative approach to generating energy from an abundant raw material in Europe - salt - is worth highlighting. Volkswagen is also striving for seamless supply in the electrification market and is re-sorting its semiconductor supply chains with the help of German taxpayer money. At Norway's FREYR Battery, quarterly results are in, surprising analysts.

time to read: 4 minutes | Author: Juliane Zielonka
ISIN: ALTECH ADV.MAT. NA O.N. | DE000A31C3Y4 , VOLKSWAGEN AG VZO O.N. | DE0007664039 , Freyr Battery | LU2360697374

Table of contents:


    Terry Lynch, CEO, Power Nickel
    "[...] The collaboration with CVMR offers two primary advantages for Power Nickel: We can cover a larger portion of the value chain in the future, and despite the extensive cooperation with all its positive outcomes, we have remained significantly independent. [...]" Terry Lynch, CEO, Power Nickel

    Full interview

     

    Altech Advanced Materials to open 23 energy storage pilot plants in September

    According to BloombergNEF, the global energy storage market is expected to grow to about 942 GW / 2,857 GWh by 2040, attracting investments of USD 620 billion over the next 22 years. Altech Advanced Materials AG based in Heidelberg, Germany, focuses on emission-free energy storage and thus has the best chances of growing in this market. What makes this Company special is its innovative approach to generating energy from a raw material that is abundant in Europe: salt.

    Together with the Fraunhofer Institute for Ceramic Technologies and Systems IKTS, Altech has created an innovative battery technology that can serve as storage in the event of fluctuations or even failures in the power grid.

    Such power grid storage systems balance peak loads during those times of the day when electricity demand is particularly high. With its innovative technology, Altech is, therefore, directly in an optimal area to take maximum advantage of increasing demand in the energy transition market.

    Altech is contributing the anode technology in the collaboration, called "Silumina Anodes™". Altech's patent application for Silumina Anode™ battery material technology and other additional patent applications are currently being filed in key markets such as the US, Europe, China, Japan, Korea and 156 other countries.

    The common goal of this collaboration between Altech Advanced Materials and Fraunhofer IKTS is to achieve rapid qualification of the Silumina Anode™, enabling accelerated market entry. At the same time, the Altech research laboratory will be expanded to enable the production of Li-ion pouch cell batteries.

    Progress on the construction of the pilot plant at the Schwarze Pumpe Industrial Park in picturesque Brandenburg is proceeding rapidly. The overall commissioning of the pilot plant, including the calciner, is scheduled for September 2023.

    Sodium batteries have the advantage of withstanding over 7500 charging cycles without losing much capacity. They are also very heat resistant, making them ideal for countries with high temperatures, such as Dubai or Australia.

    At the Annual General Meeting of Altech Advanced Materials AG, shareholders approved all items on the agenda. Interested investors can find the presentation here.

    Volkswagen optimizes semiconductor supply chain, and chipmakers settle in Germany with taxpayers' money

    The Volkswagen Group also had to learn painfully in the lockdowns and economic gaps of the COVID-19 pandemic how valuable a seamless supply chain can be, as demonstrated by Altech Advanced Material AG at its Schwarze Pumpe site in Brandenburg.

    Chip demand has risen sharply in the automotive industry, mainly due to electric vehicle production and the need for complex software. The supply situation is lagging due to the complexities of building chip factories. "The global market capacity is not enough. We have to act," said Dirk Grosse-Loheide, head of purchasing at Volkswagen.

    The Wolfsburg-based company is now optimizing its procurement of electronic components and semiconductors to ensure a reliable supply in the long term and remain a technological leader. The new procurement strategy aims to achieve greater transparency in the semiconductor value chain to better manage global demand and avoid bottlenecks.

    Last July, Volkswagen and chip manufacturer STMicroelectronics announced plans for joint development of a new semiconductor. The German federal government in Berlin is luring major contract chip manufacturers with billions in subsidies. Intel from the US and TSMC of Taiwan have announced the construction of factories in Germany this year. The taxpayer gets to pay for it.

    The automotive sector is becoming increasingly valuable to the semiconductor industry. Automobiles account for USD 47 billion in semiconductor sales worldwide. By 2030, this sector is expected to rank 3rd with a market share of USD 147 billion.

    FREYR Battery posts Q2 results with less loss than expected

    FREYR Battery announced its Q2/2023 financial results and exceeded analysts' expectations with an adjusted loss of USD 0.18 per share for the quarter ended June. The average estimate of four analysts had predicted a higher loss of USD 0.26 per share. Reported revenue was USD 0, in line with analyst expectations.

    Despite the positive performance, shares of FREYR Battery are down 18.6% in the current quarter and posted a year-to-date loss of 12.3%. The Company reported a quarterly loss of USD 25.28 million.

    The median price target forecast by Wall Street analysts for FREYR Battery over the next 12 months is USD 13.50, reflecting continued interest and potential growth for the Company.

    In terms of personnel, there is a lot going on at FREYR Battery. Ex-Microsoft executive Birger Steen has been named the new CEO. As part of a planned succession, Torstein Dale Sjøtveit, the Founder, is retiring.


    Altech Advanced Materials focuses on innovative, emission-free energy storage systems that work with sodium chloride. Together with the Fraunhofer Institute for Ceramic Technologies and Systems IKTS, they developed a battery technology that can be used, for example, to stabilize the power grid during fluctuations. Silumina Anode™ technology and patent applications in 156 markets increase the enterprise value of Altech Advanced Materials AG and secure its role as a pioneer in the energy storage industry. Volkswagen Group optimizes its semiconductor supply chains to ensure long-term reliable supply and remain a technology leader. FREYR Battery presented its Q2/23 results with a better-than-expected loss of USD 0.18 per share. The Company, which focuses on innovative battery solutions, is undergoing a period of personnel change, with Birger Steen becoming the new CEO.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author



    Related comments:

    Commented by Juliane Zielonka on February 29th, 2024 | 08:15 CET

    Defense Metals, Coinbase, Volkswagen: Critical metals for pioneering technologies

    • Mining
    • RareEarths
    • crypto
    • AI
    • Electromobility

    The demand for critical metals is increasing rapidly worldwide. From growing digitalization to the increased use of cryptocurrencies and AI, from advances in medical technology to electromobility and defense technology - all these areas rely on these critical raw materials. Defense Metals Corporation is an experienced explorer in British Columbia whose Wicheeda project is designed to provide these critical metals. Forward-thinking companies like the crypto exchange Coinbase serve many users who use rare earth metals to power their hard drives for crypto mining. Volkswagen also requires this raw material because car consumers in China have very different needs when it comes to vehicle software than those in the European market. A new CEO for the subsidiary and software company CARIAD knows exactly what needs to be done...

    Read

    Commented by André Will-Laudien on February 28th, 2024 | 08:00 CET

    E-mobility versus combustion engines: Tesla and BYD stumble, Mercedes-Benz and Globex Mining in Vogue!

    • Mining
    • Commodities
    • RareEarths
    • Electromobility

    The Tesla plant in Brandenburg is discharging polluted wastewater into the canals. Permissible limits for phosphorus and nitrogen are exceeded by up to six times. Elon Musk has not yet reacted to the accusations, as he is busy planning the expansion of his production facility. If the authorities were to take action here, the plant could also be subject to a production stop until the harmful sources are eliminated. Once again, environmental protection and the climate debate clash with the self-interest of foreign producers seemingly not on the radar of existing EU regulations. The water debate is nothing new. Since the plant in Grünheide went into operation, local communities have had to contend with a drop in the groundwater level because the plant draws an impermissible amount of water. For those finding Tesla unsympathetic due to these issues, look for other opportunities in the automotive sector!

    Read

    Commented by Armin Schulz on February 28th, 2024 | 07:15 CET

    Varta Thriller! Altech Advanced Materials, BYD work on the electrification of the future

    • Technology
    • Innovations
    • renewableenergies

    While production at Varta is at a standstill following a cyber attack, the wave of electrification is rolling inexorably through our society, changing how we generate, store and utilize energy. Innovations are needed here, especially in energy storage from renewable sources and the further development of batteries for use in electric vehicles. Advances in electric vehicles and the increasing use of electrical energy are paving the way towards the future. Intensive research is currently being carried out on technologies that will increase both the effectiveness and capacity of battery systems. Altech Advanced Materials and BYD stand out here.

    Read