RCS - AMTE Power PLC - Order for AMTE's sodium-ion cells

Amte PowerAnnouncement

10/03/2022 07:00

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RNS Number : 2716E  AMTE Power PLC  10 March 2022

RNS REACH

10 March 2022

AMTE POWER PLC

("AMTE Power" or the "Company")

AMTE Power's sodium-ion cells selected by AceOn for world's first
solar-powered energy storage units

 

AMTE Power Plc ("AMTE Power" or the "Company"), the developer and manufacturer
of lithium-ion and sodium-ion battery cells for specialist market, announces
that AceOn, the Midlands-based renewable energy and battery specialist, has
placed an initial order for 1,000 of AMTE Power's next generation sodium-ion
cells.

AMTE Power and AceOn will together be delivering one of the world's first
solar-powered energy storage units to bring electricity to remote sub-Saharan
African communities.

The innovative portable energy storage power unit, AceOnPES, will run on
sodium-ion battery cells produced by AMTE Power to help bring clean,
affordable and sustainable power to some of the poorest and most remote
regions in the future. It can be used for primary or back up power generation
and is ideal for areas where the electricity infrastructure is not reliable,
or it is insufficient to meet local needs, such as parts of Africa, India and
Australia.

Last year AMTE announced that it had entered into partnership with
Sheffield-based Faradion to develop its Ultra Safe product, which uses
Faradion's patented sodium-ion technology.

The wide availability of sodium compared to the metals required in more
conventional lithium-ion cells creates the opportunity for wider and cheaper
battery manufacture - helping to meet demand for greater production rates
required for energy storage systems that will support a transition to
renewable power.

AMTE Power is developing Ultra Safe at the Company's existing facility in
Thurso, Scotland, while simultaneously progressing plans for its new UK
Gigafactory.

Kevin Brundish, CEO at AMTE Power, commented:

"Our work with AceOn represents a further step in our commercialisation of
differentiated cells that will power the energy transition. Sodium-ion has
huge potential for application in energy storage where there is a need to
dramatically scale-up production of safe, stable battery technology alongside
the growth of renewables.

"The UK has long been a pioneer in new battery technology and partnerships
like ours underpin the opportunity for the UK to be the driving force in the
development of sodium-ion."

Mark Thompson, managing director of Telford-based AceOn, commented:

"The battery industry is reliant on rare earth minerals like lithium and
cobalt, which are finite in supply. Sodium is abundant and greener to extract,
so we are working together with AMTE to be their first customer to
successfully commercialise sodium-ion.

"We've been championing sodium-based technology for years as a sustainable
alternative to lithium-ion, and thanks to our partnership with AMTE, we can
finally use it in our products starting with the AceOnPES and later making it
part of our standard battery ranges for OEMs. These batteries are the future."

 

Enquiries:

 AMTE Power plc                                 Tel: +44 (0)1847 867 200
 Kevin Brundish (Chief Executive Officer)
 James Hobson (Chief Financial Officer)

 WH Ireland Limited (NOMAD and Joint Broker)
 Chris Fielding / Ben Good

 SI Capital Limited (Joint Broker)              Tel: +44 (0)1483 413 500
 Nick Emerson / Nick Briers

 Camarco                                        Tel: +44 (0)20 3757 4992
 Ginny Pulbrook / Tom Huddart / Rosie Driscoll

 

Notes to editors

AMTE Power was founded in 2013 and is a leading developer and manufacturer of
lithium-ion and sodium-ion battery cells for specialist markets. In March
2021, the Company listed on the AIM market of the London Stock Exchange. The
Company is focused on launching a series of next generation battery cells
based on new chemistries and cell structures that are designed to solve key
problems in power delivery, energy performance, and safety. These new products
are targeted at a range of specialist markets including the electric vehicle
industry and energy storage sector. AMTE Power's purpose-built cell
manufacturing facility in Thurso, Scotland has the second largest cell
manufacturing capacity in the UK and the Company also has a product
development team based in Oxford.

For further information visit: https://amtepower.com/ (https://amtepower.com/)
 

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