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August 27th, 2023 | 09:00 CEST

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

  • Technology
  • renewableenergies
  • Batteries
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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:

    Uwe Ahrens, Direktor, Altech Advanced Materials AG
    "[...] Silumina Anodes® is a ceramic-coated graphite/silicon anode composite material that we plan to produce in Schwarze Pumpe, Saxony. Here, we aim to supply manufacturers of batteries for e-cars with an application-ready drop-in technology that is low-cost, high-performance and safe. [...]" Uwe Ahrens, Direktor, Altech Advanced Materials AG

    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.

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    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

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