07 Oct Altris progresses to final 10 in Nordic Cleantech Open
Altris has been named as 1 of the 10 most promising, ready-to-scale and innovative companies in the Nordic-Baltic region by Cleantech Scandinavia. Altris’ ground-breaking approach to creating a renewable, high-performance and cost-efficient alternative to lithium-ion batteries has secured the company a place in the Nordic CleanTech Open final later this year.
CleanTech Scandinavia annually evaluates start-ups with market-oriented propositions based on their level of innovation, market potential and the ability of the team to execute ideas. The jury is made up of 50 individuals from the worlds of venture capital firms, multinational industries, the utility sector, development agencies and public investment.
Following Altris’ progression to the top 25 earlier this year, a Nordic Camp took place in Smygehuk, Sweden, where cleantech companies were provided the opportunity to pitch and present their case to members of the jury.
‘Altris was recognised by the jury for creating a cathode material for sodium-ion batteries, Fennac®, which is based on abundant, non-critical and renewable raw materials’, says Adam Dahlquist, Altris CEO. ‘The jury also praised Altris’ scalability potential, since 2022 will see our first industrial manufacturing unit open, with a yearly capacity to produce 2000 metric tonnes of Fennac®. This will enable 1 GWh of sustainable sodium-ion battery cells to enter the market by 2023’.
For 10 years the Nordic Cleantech Open competition has served as a watchtower for up-and-coming cleantech innovation trends that will support the transition to a low carbon reality. The final 10 companies in the competition will have the opportunity to present at the Nordic Cleantech Open Final, held during the Cleantech Capital Day in Malmö on 16th-17th November 2021.