Altech Chemicals Limited ( (AU:ATC) ) has issued an update.
Altech Batteries Limited has received environmental and construction approval for its 120 MWh CERENERGY® GridPack production facility in Saxony, Germany. This approval allows the company to proceed with site clearing and construction, contingent on securing project financing. The approval is a significant milestone, providing financial institutions with increased confidence and positioning Altech to advance its project without delays, thereby strengthening its market position in the energy storage sector.
More about Altech Chemicals Limited
Altech Batteries Limited is a company operating in the energy sector, focusing on the production of advanced battery solutions. It is involved in the development of the CERENERGY® GridPack project, which aims to enhance grid energy storage capabilities.
YTD Price Performance: -19.61%
Average Trading Volume: 1,315,046
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$82.11M
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