Altech Batteries LimitedASX: ATC

Altech - Extension of Grant Deadline for Project Finance

· Issued by Altech Batteries Limited

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Altech Batteries Limited has announced an extension of the deadline for achieving full project financial close for its CERENERGY® battery project, which has received a significant grant approval from the German government. The new deadline has been moved from the end of June to the end of September, allowing more time to meet the funding conditions. This funding is part of Germany's STARK program aimed at supporting sustainable economic development in regions undergoing structural change. The CERENERGY® technology is positioned as a safe and sustainable alternative to lithium-ion batteries for energy storage solutions in Europe.

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