InvestSMART

Altech Batteries Limited (ASX:ATC)

ALERT: Price-sensitive ASX Announcement for ATC
Current share price for ATC : $0.002 -0.007 (-77.78%)+
Announcement
Release
2 Jul 2026 8:15AM
Price at Release
$0.009
Full Release
download
Summary
Altech Batteries Limited announced an extension to the financial close deadline for their CERENERGY® battery project, receiving conditional funding approval of €46.7 million under Germany's STARK program. This program aims to foster sustainable economic development in regions undergoing structural changes. The deadline for achieving full project financial close has been extended from 30 June 2026 to 30 September 2026. The project is in collaboration with Fraunhofer Society and focuses on commercializing the Sodium Chloride Solid State battery technology as a safe and sustainable alternative to lithium-ion batteries. The Company remains committed to advancing this technology for the European market.
Key Points
  • Extension of financial close deadline to 30 September 2026.
  • Funding under Germany's STARK program.
  • Conditional funding approval of €46.7 million.
  • Developing Sodium-Chloride Solid-State battery technology.
  • Collaboration with Fraunhofer Society.
  • Focus on European market for energy storage solutions.
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.