News

January 2021:

Altris is pleased to announce that the prestigious German Cluster of Excellence, POLiS, has placed an order for 10kg of the groundbreaking cathode material Fennac®.

POLiS researches the next generation of batteries and is a joint cluster of the Karlsruhe Institute of Technology and Ulm University, with the associated partners the Center for Solar Energy and Hydrogen Research Baden-Württemberg and the Justus-Liebig University Giessen. The cluster researches batteries that are more powerful, more reliable, more sustainable and more environmentally friendly than the current lithium-ion batteries. The Cluster of Excellence shares Altris’ vision that post-lithium batteries have the potential to store more energy, be safer, offer a more cost-effective alternative and are a long-term option for mass applications such as stationary and mobile electrochemical storage.

The inclusion of a large amount of Fennac® in POLiS’ battery technology pilot testing shows huge confidence in Altris’ development, and the trials process will be followed with great interest. Producing such a large amount of cathode material for this pilot test goes in line with Altris’ plans to ramp up production of Fennac®. Since 2017, Altris has been scaling up production tenfold every year, which is predicted to continue until 2025.

December 2020:

Dear friends,

It’s almost been a year since I took the helm as the new CEO at Altris, and I thought now was a good time as any to reflect on the many successes of the company in the months gone by. For those who do not know me, my name is Adam Dahlquist and I took over the reins at Altris from Tim Nordh in February this year. Tim now continues his fantastic work as CTO of the company.

2020 was a big year for Altris. In what was a challenging time around the world, Altris still managed to produce its groundbreaking cathode material Fennac®. In 2020, Altris delivered its product to battery cell customers and partners who are developing Fennac® based battery in flow-batteries, solid state batteries and most commonly, a Fennac®-hard carbon based battery which has performance parity with the type of lithium iron phosphate battery that you would find in the latest Tesla Model S. 2020 was also the year when Altris became an international company, shipping Fennac® to six countries around the world.

This year was also the year when more of the world got to know Altris’ name, and with it came recognition for the research and development we are carrying out. In May, Altris was invited to join EBA250, an industrial development programme of the European Battery Alliance. This project-driven community brings together more than 400 industrial and innovation actors, from the mining industry to recycling, with the common objective to build a strong and competitive European battery industry. Then in September 2020, Altris was named in the prestigious ‘Ny Teknik’ list as 1 of 33 of the best and most innovative tech companies in Sweden. The annual Swedish list gives recognition to up and coming companies that have the greatest potential of becoming big in tomorrow’s tech world.

2020 was also a strong year for Altris’ financial development. The Swedish Energy Agency and the EU placed it’s trust in Altris in the form of a 10 MSEK (1m Euro) grant, mainly to scale Fennac® production, another 10 MSEK grant was given to close partners in Sweden and another 75 MSEK to European partners to develop Fennac® based battery cells. Furthermore, Altris’ share issue in July was oversubscribed, giving the financial backing to scale up production.

With those partners, as well as with customers in Europe, China and India, our common goal is to demonstrate that the next generation of batteries will be based on elements that are available in abundance. Altris’ business model focuses on cathode manufacturing that can act as a drop-in solution for lithium-ion battery manufacturing, allowing for quick upscaling to be possible and to capture the great potential that exists around this new battery chemistry. The financial backing in 2020 has enabled Altris to invest in staffing and equipment that will support the continued success of the company in the years to come.

Looking to 2021 and Altris plans to increase the production capacity of Fennac® tenfold. This will enable enough cathode material to create 5 MWh of battery cells to be produced. This goes in line with Altris’ plan to scale production tenfold every year between 2017 until 2025. Currently Altris provides Fennac® to 7 entities that have already decided to learn how to make Fennac® based batteries. The increase in production in 2021 will not only enable us to ship to even more companies, but there will also be enough material for demonstrations of big battery packs.

2020 has been a challenging and eventful year – so I wish you all the best for the festive period, and look forward to working with you in 2021.

Best regards,

Adam Dahlquist
Altris CEO

September 2020:

Altris newly completed issue of shares was oversubscribed despite covid-19. Altris is thus financially equipped to scale up production and disrupt the battery industry. The aims is to make Altris’ battery chemistry dominant in stationary storage and to take significant market share in electric vehicles.

– Altris has chosen a business model that makes it possible to quickly scale up and capture the great potential that exists around this new battery chemistry, says Torbjörn Sternsjö investor in the company and newly appointed board member.

Altris creates an opportunity for the world’s producers of lithium-ion batteries to rapidly switch to producing sustainable sodium ion batteries. With Altris cathode material Fennac®, battery cell manufacturers can create competitive batteries from elements that are abundant on earth. Manufacturing requires no manganese, cobalt, lithium, phosphorus, or copper, only common and non-toxic elements. Raw material cost will be reduced without the need for investment in new equipment. 

Torbjörn Sternsjö, investor and board member

May 2020: 

Altris strongly contributes to Europes goal of building a complete battery value chain inside Europe since Altris is producing active cathode material that is based on only abundant material readily available in Europe: That is way Altris has joined EBA250.   

The European Commission launched the European Battery Alliance in October 2017 to address this industrial challenge. The annual market value is estimated at €250 billion from 2025 onwards. For Europe, the establishment of a complete domestic battery value chain is imperative for a clean energy transition and a competitive industry.

EBA250 is the industrial development programme of the European Battery Alliance. EBA250 is a project-driven community which brings together more than 400 industrial and innovation actors, from mining to recycling, with the common objective to build a strong and competitive European battery industry.

February 2020:

Adam has extensive experience from sales and entrepreneurship. He has attracted partners and venture capital as entrepreneur and has enabled and accelerated startups as investment manager. Most recently Adam comes from EIT InnoEnergy where he worked as Business Creation Manager.
Tim Nordh stays with ALTRIS as CTO.

November 2019: 

Altris was interviewed by The Big Green Show talking about the next big thing in battery technology. The Big Green Show aims to highlight, and grow solutions to the worlds environmental challenges.  Dr Tim Nordh explains why Sodium ion batteries will solve growing environmental, social and economic issues arising from demand for lithium ion batteries. Altris’s goal is to ensure that sodium ion batteries remain as a purely green and environmentally friendly solution to these problems.

 

October 2019:

Altris has presented at The Advanced Materials Day in Lund hosted by Cleantech Scandinavia, the Material Business Center and the European Union and sponsored by Almi Invest and Lunds Kommun. The event aimed to showcase innovative and sustainable materials with businesses pitching their newest material solutions. Dr Tim Nordh, CEO of Altris, pitched the concept of producing batteries completely from sustainable and readily available sources to investors.

May 2019:

Dr Tim Nordh, CEO of Altris, has received the Åforsk Entrepreneurship Scholarship. The scholarship of 200, 000 SEK will support the scale up Fennac production enabling Altris to move operations from the University to its own locale. Dr Nordh received the scholarhip in recognition of his entrepreneurial drive and the novel, highly innovative business idea which is the foundation of Altris.

The entrepreneurs were selected by the Åforsk foundation together with Swedish Incubators and Science parks. The awards were presented at the Swedish Incubators & Science Park’s annual conference Sweden’s Innovation Day on May 8 in Karlskrona.

10 Entrepreneur Scholarship Winners

May 2018:

A collaboration between Altris and LiFeSiZE has been granted funding for up to two years from Vinnova. The project, titled “Production of up-scaled Na-ion battery prototypes using a novel cathode material” aims to scale up material production to supply LiFeSiZE with enough material to produce casted electrodes. The ultimate aim of the project is to produce a full cell Na battery prototype and evaluate the cells for commercialization.

This project will represent a significant step for Altris as it will be the first step towards reaching the battery market. Access to the casting and battery production equipment at LiFeSiZE will enable rapid progression towards a prototype to demonstrate the market feasibility of Prussian White and Prussian Blue in non-aqueous batteries.
The project marks the beginning of continued collaborations with LiFeSiZE with other projects in planning and several Altris employees working out of the LiFeSiZE facilities.

April 2018:

Tim Nordh, CEO of Altris, has come in second place in the Innovation Race at the 2018 Power Circle summit, which took place in Stockholm on the 23-24th of April. The event was the third and final round in a series of pitch competitions focused on the theme “Paradigm shift in the energy market”.

The Innovation Race competition is held each year by InnoEnergy together with Energimyndigheten enabling 10 startups to pitch their idea. In 200s each company had to convince an audience of their business potential, innovation height and contribution to a sustainable system. The three finalists of an audience vote are then placed by a jury vote.

The 50 000kr prize money will be put to good use in aiding the financing of an upscaled reactor to boost Altris’s production capacity.