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An update from Altech Chemicals Limited ( (AU:ATC) ) is now available.
Altech Chemicals has secured conditional binding approval for up to €46.11 million in German government funding under the federal STARK program to support its CERENERGY sodium-chloride solid-state battery project in Saxony, covering about 30% of eligible project capital costs and materially de-risking funding for a planned 120 MWh manufacturing facility. The company is consolidating its Silumina Anodes R&D laboratory from Perth to Germany to sit alongside its pilot plant, has appointed a Germany-based chief technology officer, and surrendered a non-core Kerrigan exploration licence to cut costs, while continuing to seek partners to achieve full financial close by 30 June 2026 for the grant to be activated.
More about Altech Chemicals Limited
Altech Chemicals Limited, through its subsidiary Altech Batteries GmbH, is advancing battery technologies with a focus on CERENERGY sodium-chloride solid-state batteries and Silumina Anodes battery materials. The company targets the European stationary energy storage market, operating key facilities and R&D activities in Saxony, Germany.
Average Trading Volume: 2,650,071
Technical Sentiment Signal: Sell
Current Market Cap: A$48.04M
For an in-depth examination of ATC stock, go to TipRanks’ Overview page.