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Highlights
- Altech has surrendered its non-core Exploration License 70/4718, reducing future operating costs.
- The development is part of a strategic reset initiated under a newly constituted Board.
- The company is prioritising partnerships and funding pathways for its core battery technologies.
- Non-core assets are being reviewed as part of a portfolio rationalisation process.
Altech Batteries Limited (ASX:ATC) (FRA:A3Y), a specialty battery technology company, has been undertaking a strategic reset since the appointment of a newly constituted Board in November last year to advance the commercialisation of its battery technologies.
The leadership team has been tasked with redirecting the company’s focus toward partnerships, capital mobilisation and project execution across its core technology platforms. Read more.
Licence Surrender to Cut Costs
In line with this reset, Altech has surrendered Exploration License 70/4718, which was held through its wholly owned subsidiary Canning Coal Pty Ltd.
The surrender has been acknowledged by the Department of Mines, Petroleum and Exploration. According to the company, the licence was considered a non-core asset and the decision to relinquish it is expected to reduce operating costs.
Strategic Priorities for Commercialisation
As part of the reset, the Board highlighted several immediate priorities aimed at accelerating the commercialisation pathway for the company’s technologies.
These priorities include pursuing strategic partnerships for both the CERENERGY® and Silumina Anodes™ platforms and advancing access to grant funding under the STARK program. The company is also progressing a portfolio rationalisation process to align its asset base and operational focus with its technology development strategy.
CERENERGY® Battery Project Developments
In January 2026, Altech announced that its CERENERGY® Sodium-Chloride Solid-State battery project in Saxony, Germany received conditional binding funding approval of €46.11 million from the German government.
- The funding forms part of the federal STARK program, which is supported by the Federal Ministry for Economic Affairs and Energy in cooperation with the European Union.
- The grant covers approximately 30% of eligible investment costs and represents a milestone for the planned 120 MWh CERENERGY® battery manufacturing facility in Saxony.
- The approval follows completion of the second stage of the funding process and supports the project’s progression toward construction.
CERENERGY® Battery Technology and Joint Venture
Altech Batteries has a joint venture with Fraunhofer IKTS, a German government battery research institute, to commercialise CERENERGY® Sodium Chloride Solid State batteries.
The technology is designed as an alternative to lithium-ion batteries and is based on sodium chloride, commonly known as table salt. According to the company, the batteries are lithium-free, cobalt-free, graphite-free and copper-free.
The joint venture plans to develop a 120 MWh production facility on Altech’s land in Saxony, Germany. The facility is intended to manufacture CERENERGY® battery modules for grid storage applications.
Looking ahead, Altech’s strategic reset is expected to centre on advancing partnerships, securing funding pathways and progressing the commercialisation of its CERENERGY® and Silumina Anodes™ technologies. Alongside this, the company’s ongoing portfolio rationalisation and cost review may continue to streamline its asset base as it works toward developing the planned CERENERGY® battery manufacturing facility in Saxony, Germany.
Shares of ATC traded at AUD 0.025, up 2%, at the time of writing on 11 March 2026.
