Shenhua Plans Power-Storage Test With Altair Batteries in China

Shenhua Group Corp., the world’s biggest coal producer, will test energy-storage systems from Altair Nanotechnologies Inc. (ALTI) at a wind farm in China.

The project will evaluate the ability of Altair’s lithium- titanate batteries to retain electricity, the Reno, Nevada-based storage company said today in a statement. It didn’t say how much storage capacity will be installed or when it will begin operation.

Altair is developing the storage system with Shenhua Science & Technology and National Institute of Clean-and-Low- Carbon Energy, which are both units of Dongcheng, China-based Shenhua Group.

Altair rose 3.2 percent to 64 cents at the close in New York.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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