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Altech Batteries (ATC) News

Latest articles and price-sensitive announcements with AI sentiment classification.

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Altech Batteries (ASX:ATC) Secures German Grant Deadline Extension for CERENERGY® Project

Highlights Altech Batteries received a three-month extension to meet the financial close requirement for its CERENERGY® project grant. The German Government's conditional funding approval of up to €46.7 million remains in place under the STARK program. CERENERGY® is being developed as a sodium-chloride solid-state battery for long-duration stationary energy storage applications. Altech continues to advance financial close and commercialisation efforts ...

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Altech Batteries (ASX:ATC) Sells Non-Core Meckering Land, Raises AUD 950,000

Highlights Altech Batteries has completed the sale of its Meckering land in Western Australia, generating gross proceeds of AUD 950,000 to support working capital. The company has retained ownership of Mining Lease M70/1334 and signed an agreement preserving future exploration and mining rights on the lease. A AUD 500,000 bank guarantee has been provided to Deutsche Balaton AG following the discharge of the mortgage, linked to Altech’s €2 million bearer bonds d...

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Altech Batteries (ASX:ATC) March Quarter: Funding Progress Drives German Battery Strategy

Highlights Altech Batteries has received conditional approval for up to €46.11 million in funding under Germany’s STARK program for its CERENERGY® battery project. The grant is expected to cover ~30% of eligible capital expenditure for the planned 120 MWh battery manufacturing facility in Saxony. The company has relocated its Silumina Anodes™ R&D laboratory to Germany. Luise Bloi has been appointed Chief Technology Officer to support battery technology development in Ge...

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Altech Batteries (ASX:ATC) H1 Report Highlights Technology Milestones and Ownership Increase

Highlights The company increased its ownership to 75% in the CERENERGY® project and 100% in the Silumina Anodes™ project. The CERENERGY® project progressed in the German government grant process, with eligibility for a 30% CAPEX grant of €46.7 million under the STARK economic development program, subject to final approvals. Prototype CERENERGY® battery cells achieved more than 650 cycles without capacity loss and up to 92% energy efficiency. The next-generation battery pa...

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