January 2021:

According to a recent article published on the popular German website ‘Home and smart’, batteries based on Altris’ Fennac® compound are significantly more environmentally friendly, as neither lithium, nickel or cobalt are used. This means that the supply chain is much more stable. In addition to the iron used in Fennac®, the original sources of the other substances are air, sea water and wood and are therefore much more sustainable. The article concludes that companies like Altris can offer an alternative solution to lithium-ion batteries that promises significantly more sustainability.

You can read more (in German) from Home and Smart’s interview with Altris here.

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

September 2020:

The prestigious Swedish “33-listan” acknowledges today’s 33 best and most innovative tech companies in Sweden that have the potential of becoming tomorrow’s technology stars. Altris has been selected together with Northvolt. Previously Spotify, iZettle and Truecaller has been on the list. 

See the complete list here (in Swedish). 

EIT InnoEnergy writes about it here (in English).

June 2020:

Today Dr Ronnie Mogensen successfully defended his PhD thesis titled “Realization of Sodium-ion Batteries: From Electrode to Electrolyte Materials” against the opponent Prof. Kang Xu Adelphi Laboratory Center (ALC), Army Research Laboratory.

Ronnie started his PhD in late 2015 and over the past four and a half years has managed to publish 12 papers, two patents, helped to found Altris and produce his final PhD thesis. The thesis covers all things sodium ion batteries, from the development of a reliable positive electrode material (Prussian white), to analysis of interphase formation on the negative electrode and finally development of new non-flammable functional electrolytes for sodium ion batteries. The work in the thesis forms a significant contribution to the field and will inform future research for years to come.

Ronnie will continue working on developing the electrolyte for sodium ion batteries while also officially joining the Altris team from the 1stof July. He will be working to help further improve our production process while boosting material performance.

Congratulations Ronnie and welcome officially to the Altris team!

Dr Ronnie Mogensen sitting, and Supervisor Prof Reza Younezi standing.

June 2020:

ALTRIS & Graphmatech, two Swedish deep tech companies who began as spin-offs from Uppsala University, are joining forces to realize the full potential of Na-ion batteries as a cleaner, safer & more sustainable future battery solution.

Together with the world-leading battery research group at the University where their journeys began, they will embark on a new SIO Grafen project, aiming to push the energy density & performance of Na-ion batteries to the next level, using Aros Graphene technology and Fennac cathode material to enhance their competitive edge in the commercial market.

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May 2020:

9 Million SEK has been granted from Swedish Energy Agency to scale up production of Altris cathode material Fennac and to demonstrate the next generation of battery based on only abundant elements.

-Batteries that are based on easily accessible and durable raw materials are one of the keys to the transformation of the transport and energy systems. The project is an important step towards the market for long-term sustainable batteries, says Greger Ledung at the Swedish Energy Agency, an expert in battery research.

Here is the Swedish Energy Agency own press-release.

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.