Altech Batteries (ASX:ATC) Secures German Grant Deadline Extension for CERENERGY® Project

ATC

2 min read | July 02, 2026 10:55 AM AEST | By Sonal Goyal

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Altech Batteries (ASX:ATC) Secures German Grant Deadline Extension for CERENERGY® Project — Image source: Company Update

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Highlights

Altech Batteries received a three-month extension to meet the financial close requirement for its CERENERGY® project grant.

The German Government's conditional funding approval of up to €46.7 million remains in place under the STARK program.

CERENERGY® is being developed as a sodium-chloride solid-state battery for long-duration stationary energy storage applications.

Altech continues to advance financial close and commercialisation efforts for the CERENERGY® project in Europe.

Altech Batteries Ltd (ASX:ATC) has received an extension from the German Federal Ministry for Economic Affairs and Energy to satisfy the financial close condition attached to its €46.7 million CERENERGY® Sodium-Chloride Solid-State battery project grant . The revised deadline provides the company with additional time to fulfil the funding conditions under Germany’s STARK economic development program .

German Government Extends Financial Close Deadline

The CERENERGY® battery project previously secured conditional binding funding approval under Germany's federal STARK program, which is expected to fund approximately 30% of the eligible capital expenditure (CAPEX) for the CERENERGY® project. The funding commitment (of up to €46.7M) was subject to the project reaching full financial close by 30 June 2026 and securing parliamentary approval for the funds under Germany’s 2026 Federal Budget.

The deadline for achieving the full project financial close has now been extended to 30 September 2026 .

ATC shares traded at AUD 0.0090 per share on 1 July 2026.

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