Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Altech Chemicals Limited ( (AU:ATC) ) has issued an announcement.
Altech Batteries’ German subsidiary has secured conditional binding approval for up to €46.11 million in grant funding under the federal STARK economic development program to support its CERENERGY® sodium-chloride solid-state battery project in Saxony. Covering around 30% of eligible capital expenditure for a planned 120 MWh manufacturing facility, the grant significantly de-risks project financing and marks a major milestone for establishing advanced non-lithium energy storage production capacity in Europe, though the commitment remains contingent on the project reaching full financial close and Germany’s 2026 federal budget approval by mid-2026.
The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.
More about Altech Chemicals Limited
Altech Batteries Limited is an ASX-listed company focused on advanced battery technologies, including the CERENERGY® sodium-chloride solid-state battery, targeting stationary energy storage applications, particularly in the European market. Working in collaboration with Germany’s Fraunhofer Society, the company aims to offer a safe, sustainable and non-lithium alternative to conventional lithium-ion batteries, positioning itself within the transition to greener, more strategically independent energy systems.
Average Trading Volume: 7,939,923
Technical Sentiment Signal: Sell
Current Market Cap: A$69.39M
For an in-depth examination of ATC stock, go to TipRanks’ Overview page.