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Highlights
- The permitting and licensing application process has been started for the CERENERGY® battery project in Germany.
- The CERENERGY® project has minimum impact on the community and environment, so it requires approval under the state approval process.
- The goal is to commercialise a 100 MWh battery plant on the company’s land in Saxony.
- The company is advancing definitive feasibility study and financing process.
Altech Batteries Limited (ASX: ATC, FRA: A3Y) has kickstarted the permitting and licensing application process for the proposed construction of a 100MWh CERENERGY® battery project in Schwarze Pumpe, Germany.
The company’s Germany based subsidiary -- Altech Batteries GmbH – is advancing the process. Altech Batteries is in a joint venture with Fraunhofer IKTS for the commercialisation of the plant on its land in Germany, focusing on the grid energy storage market.
CERENERGY® project has low environmental and community impact
The approval process for construction and operation in Germany considers environmental risk impacts. Most projects for federal approval come under the German Federal Immission Control Act, also known as BimSchG.
The CERENERGY® project, a manufacturing installation, has minimum impact on the community and environment, as per a decision reached during the weekly inter-ministerial meeting. As a result, instead the federal BimSchG process, the project will be approved under the state approval process. This development is anticipated to streamline and expedite the whole process.
An inter-ministerial task force has been established by the Saxony state government to help ATC in expediting the approval process.
Licensing and permitting application
The company took a proactive approach and initiated the application process in parallel with the project financing discussions and definitive feasibility study (DFS) for the battery project.
ATC shares traded at AU$0.070 apiece midday on 5 October 2023.