CERENERGY\u00ae<\/a> project in Saxony, Germany, has received conditional binding approval for up to \u20ac46.11 million (AU$75,32M)\u00a0under Germany\u2019s federal STARK economic development program.<\/p>\nThe grant would cover about 30% of eligible capital costs for Altech\u2019s planned 120 MWh CERENERGY\u00ae battery manufacturing facility.<\/p>\n
However, the funding remains conditional on the company reaching full project financial close by June 30, 2026, as well as parliamentary approval of the funds under Germany\u2019s 2026 Federal Budget.<\/p>\n
Managing director and CEO Daniel Raihani said the approval was a \u201cmajor milestone\u201d and materially de-risked the project\u2019s capital structure.<\/p>\n
“Securing conditional binding funding approval of up to \u20ac46.11 million under Germany\u2019s STARK program is a major milestone for the CERENERGY\u00ae\u00a0project. The support reflects the strategic importance\u00a0of establishing advanced, non-lithium energy storage manufacturing capability in Europe and recognises the technical progress achieved to date in collaboration with Fraunhofer IKTS\u201d.<\/p>\n
\u201cImportantly, the grant materially de-risks the project\u2019s capital structure by covering approximately 30% of eligible investment costs and provides a strong foundation as we progress toward full\u00a0project financing and construction of the planned 120 MWh production facility in Saxony, Germany.<\/p>\n
\u201cWe remain focused on completing financial close by mid-2026 and advancing the\u00a0CERENERGY\u00ae\u00a0technology toward commercial deployment to support long-duration, safe and sustainable stationary energy storage solutions for the European market.\u201d<\/p>\n
Silumina Anodes\u2122: R&D shifted closer to pilot plant <\/p>\n
Altech has also moved to reposition its Silumina Anodes\u2122 R&D laboratory from Perth to Germany, placing it closer to the company\u2019s pilot plant in Saxony.<\/p>\n
The company expects the move to support R&D test work, improve pilot plant operations and deliver cost benefits.<\/p>\n
Silumina Anodes\u2122 is Altech\u2019s battery materials technology aimed at incorporating high-capacity silicon into lithium-ion batteries. The company says its internal R&D has delivered a 30% higher-energy battery with improved cyclability.<\/p>\n
Altech has signed non-disclosure agreements with major automotive companies in Germany and the US for prospective customer testing of commercial samples.<\/p>\n
Technology leadership strengthened <\/p>\n
As part of the German repositioning, Altech has appointed Dr Luise Bloi as chief technology officer.<\/p>\n
Dr Bloi has battery-sector experience with Skeleton Technologies, ACC Automotive Cells Company and the Fraunhofer Institute, Altech\u2019s joint venture partner for the CERENERGY\u00ae project.<\/p>\n
Kerrigan licence surrendered <\/p>\n
Altech has surrendered Exploration Licence 70\/4718, held through wholly owned subsidiary Canning Coal Pty Ltd.<\/p>\n
The Kerrigan licence was considered non-core, and the company expects the surrender to reduce operating costs.<\/p>\n
Cash position <\/p>\n
At quarter-end, Altech held A$1.379 million in cash and cash equivalents, with estimated funding available for 1.48 quarters.<\/p>\n
The company said it was focused on securing strategic partners able to contribute capital, technical resources and market access to advance CERENERGY\u00ae and Silumina Anodes\u2122 toward commerciality.<\/p>\n","protected":false},"excerpt":{"rendered":"Altech Batteries advances German battery projects in March quarter as funding deadline nears Proactive uses images sourced from…\n","protected":false},"author":2,"featured_media":8454,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[8286,8287,5199,8288,8291,8290,5,4681,8289],"class_list":["post-8453","post","type-post","status-publish","format-standard","has-post-thumbnail","category-germany","tag-altech","tag-altech-batteries-ltd","tag-battery-technology","tag-capital-structure","tag-economic-development-program","tag-full-project","tag-germany","tag-saxony","tag-silumina-anodes"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/8453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=8453"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/8453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/8454"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=8453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=8453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=8453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Altech](\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/04\/b9a94a89a42b068de210600f2292717c.jpeg\")
Altech Batteries advances German battery projects in March quarter as funding deadline nears Proactive uses images sourced from Shutterstock <\/p>\n