AnteoTech (ASX:ADO) secured a AU$4.0 million grant under the Australian Renewable Energy Agency's (ARENA) advancing renewables program.
With the assistance of the ARENA funding, the clean energy services provider will undertake a three-year project to develop and commercialize a proprietary second-generation silicon anode, according to a Tuesday filing with the Australian bourse.
The funding will support the expansion of the company's Brisbane facility and boost its capacity to develop high-performance battery anodes capable of more than 1,000 cycles at 80% capacity retention.
Shares of AnteoTech jumped 8% in recent trade.
Price (AUD): $0.03, Change: $+0.0020, Percent Change: +8.00%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。