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Altech Batteries Limited (ASX:ATC)

ALERT: Price-sensitive ASX Announcement for ATC
Current share price for ATC : $0.009 -0.017 (-65.38%)+
Announcement
Release
6 Jan 2026 12:35PM
Price at Release
$0.026
Full Release
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Summary
Altech Batteries Limited has announced the securing of a €46.11 million conditional grant from the German government for its CERENERGY® Sodium-Chloride Solid-State battery project in Saxony, Germany. This funding, which covers 30% of the eligible project capital expenditures, is part of the federal STARK economic development program aimed at fostering sustainable regional transformations. The grant significantly reduces the financial risk for the project, which involves constructing a 120 MWh battery manufacturing facility. The facility will produce CERENERGY® battery modules for grid storage solutions, providing a sustainable alternative to lithium-ion batteries. The project is in collaboration with Fraunhofer IKTS, a leading German battery institute, and is expected to support the European market for stationary energy storage. The funding approval is contingent upon achieving full financial closure by June 2026 and budgetary approval under Germany's 2026 Federal Budget.
Key Points
  • Altech Batteries secures €46.11 million German government grant.
  • Grant covers 30% of eligible project CAPEX for CERENERGY® project.
  • Funding is part of Germany's STARK program for sustainable regional development.
  • Project involves building a 120 MWh battery manufacturing facility in Saxony, Germany.
  • CERENERGY® batteries offer a safe, sustainable alternative to lithium-ion batteries.
  • Collaboration with Fraunhofer IKTS on Sodium-Chloride Solid-State batteries.
  • Funding approval contingent on financial closure by June 2026 and 2026 Federal Budget approval.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.