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Altech Chemicals Limited ( (AU:ATC) ) has provided an update.
Altech Batteries Limited has announced that its CERENERGY® battery project in Saxony, Germany, has received preliminary approval for a €46.7 million grant from Germany’s Ministry of Economic Affairs and Energy under the STARK program. This grant, which covers 30% of the project’s capital expenditure, is a significant step in supporting the development of Altech’s innovative battery technology and underscores the project’s alignment with broader efforts to transition coal-dependent regions to renewable energy sources. The grant approval is conditional upon the finalization of financial arrangements and the availability of funds in the 2026 German Government Budget.
More about Altech Chemicals Limited
Altech Batteries Limited is a company involved in the renewable energy sector, focusing on the development of innovative battery technologies. The company is engaged in projects that aim to support the transition from fossil fuels to sustainable energy solutions, with a particular emphasis on sodium-chloride solid-state batteries.
Average Trading Volume: 1,537,237
Technical Sentiment Signal: Sell
Current Market Cap: A$66.09M
For detailed information about ATC stock, go to TipRanks’ Stock Analysis page.