Altech Batteries sharpens CERENERGY focus after securing grant extension in June quarter

Altech Batteries Ltd (ASX:ATC, OTC:ALTHF, FRA:A3Y) used the June 2026 quarter to concentrate its resources on commercialising the CERENERGY® sodium-chloride solid-state battery project, securing an extension to a conditional €46.7 million German Government grant while discontinuing its Silumina Anodes™ development program. The German Federal Ministry for Economic Affairs and Energy extended the deadline for Altech to achieve full financial close for CERENERGY from June 30 to September 30, 2026. The funding approval, provided through Germany’s federal STARK economic development program, could cover around 30% of eligible capital expenditure for the planned battery project in Saxony. Altech said it remained focused on completing the project’s financing and was continuing advanced discussions with potential joint venture partners. CERENERGY grant deadline extended The €46.7 million grant remains conditional on Altech achieving full project financial close and securing parliamentary approval for the funding under Germany’s 2026 Federal Budget. CERENERGY is being developed in collaboration with Germany’s Fraunhofer Society as a long-duration stationary energy storage alternative to conventional lithium-ion batteries. The sodium-chloride solid-state technology is designed to offer a safer and more sustainable storage solution without relying on lithium, cobalt, graphite or copper. Altech is targeting the European stationary energy storage market, where greater renewable energy penetrat...