Altech (ASX:ATC) Accelerates Battery Technology Push under New Leadership

Highlights

• Altech has renewed its leadership to drive the commercialisation of key battery technologies.
• New Board prioritises partnerships and capital mobilisation for CERENERGY® and Silumina Anodes™ technologies.
• CERENERGY® project qualifies for up to €46.7 million in German STARK grant funding.
• Altech aims to secure strategic partners to advance its high-value battery projects.
• The company is streamlining its portfolio and reviewing its cost structure for greater efficiency.

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) has undergone a significant leadership renewal and initiated a strategic refocus to drive the commercialisation of its advanced battery technologies. The newly appointed Board, led by Non-Executive Chair Mr. Joe Graziano, Managing Director & CEO Mr. Daniel Raihani, and Non-Executive Director Mr. Hansjoerg Plaggemars, is focusing on refining Altech’s approach to partnerships, capital mobilisation, and disciplined project execution across its two core technologies: CERENERGY® and Silumina Anodes™.

Background to Leadership Change

The leadership transition follows a review by the company’s largest shareholder, which identified that the previous strategic direction was unlikely to yield timely commercial outcomes. Specifically, there were concerns about insufficient progress in securing financing for key projects, despite promising feasibility studies and technical validation. This includes the CERENERGY® Sodium Chloride Solid State Battery Project and the Silumina Anodes™ Battery Materials Project. The Board also aims to reassess the economic rationale behind the company’s distribution arrangement for AMPower’s sodium-nickel-chloride UPS batteries.

Refocused Strategic Priorities

Under the new leadership, Altech is prioritising several key areas to advance its core projects:

Strategic Partnering for CERENERGY® and Silumina Anodes™

• Both projects are technically advanced, with CERENERGY® already having completed a Definitive Feasibility Study (DFS) for a 120 MWh plant in Saxony, Germany. The project also holds an independent “Dark Green” sustainability classification from S&P Global, highlighting its lower lifecycle emissions compared to lithium-ion batteries.
• The Silumina Anodes™ project has produced high-purity alumina-coated silicon anode material at a fully constructed pilot plant, showcasing energy density improvements of 30–55% compared to graphite-only anodes.
• The Board’s top priority is to secure strategic partners who can contribute capital, technical expertise, and market access to help bring these projects to commercial fruition.Access to €46.7 Million STARK Grant Funding

Altech’s CERENERGY® project is eligible for a €46.7 million government grant under Germany's STARK program, contingent on securing full project financing. The Board is working to meet the necessary criteria to unlock this funding.

Portfolio Rationalisation and Asset Monetisation

The new Board has initiated a strategic review of Altech’s non-core assets, including the Meckering kaolin resource, industrial landholdings in Johor (Malaysia), and other corporate structures. This review aims to streamline operations, reduce costs, and monetise non-essential assets.

Cost Structure Review

Altech is conducting a full review of its cost structure to ensure that capital is efficiently allocated, with operational overheads aligned to the company’s revised strategic direction.

Daniel Raihani, CEO and Managing Director of Altech, emphasised the need for a strategic reset, stating that CERENERGY® and Silumina Anodes™ are world-class technologies requiring disciplined execution, partnerships, and significant resources to reach their full commercial potential.

Shares of ATC traded at AUD 0.028 at the time of writing on 01 December 2025.