InvestSMART

PPK Group Limited (ASX:PPK)

ALERT: Price-sensitive ASX Announcement for PPK
Current share price for PPK : $0.415 0.11 (36.07%)+
Announcement
Release
16 Apr 2026 8:22AM
Price at Release
$0.305
Full Release
download
Summary
PPK Group Limited announced that PowerPlus Energy Pty Ltd, in which PPK holds a 75.4% interest, has been awarded a $2.3 million grant from the Australian Renewable Energy Agency's (ARENA) Battery Breakthrough Initiative. This grant is part of a $6.7 million project to semi-automate the local manufacture of battery modules at its Melbourne facility, aiming to increase production capacity and support Australian supply chains. The grant will facilitate the expansion of PowerPlus Energy's manufacturing capabilities to produce up to 150 MWh of battery modules annually, supporting sectors like agriculture and eco-resorts with locally manufactured products. This initiative aligns with Australia's clean energy transition by enhancing local battery manufacturing capabilities.
Key Points
  • PPK Group Limited holds a 75.4% interest in PowerPlus Energy.
  • PowerPlus Energy awarded $2.3 million ARENA grant.
  • The grant is part of a $6.7 million project.
  • Project aims to semi-automate battery module manufacturing.
  • Expansion will increase capacity to 150 MWh annually.
  • Supports local supply chains and clean energy transition.
  • Project aligns with the Future Made in Australia policy agenda.
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.