Altech Batteries (ASX: ATC) has received environmental and construction approval under Germany’s Federal Emission Control Act (BImSchG) for its new CERENERGY GridPack sodium-chloride solid-state battery manufacturing plant in Saxony.
The approval will allow German subsidiary Altech Batteries GmbH to finalise project funding and commence site clearing and construction for the 120-megawatt-hour facility.
Environmental risk impacts determine the process for such applications, with most projects falling under the jurisdiction of BImSchG for federal approval.
Altech submitted an application for a construction and operating permit and licence to German authorities in September 2023.
The company made the application in collaboration with engineering subcontractor Leadec Services and architecture and balance-of-plant subcontractor Arikon AG.
Altech conducted the permit and licence process in parallel with the CERENERGY definitive feasibility study to minimise delays in project execution once financing is secured.
Group managing director Iggy Tan said he was pleased to have received the final licensing approval for the CERENERGY project so early.
“Our approach of being dynamic, quick-moving and running things concurrently puts Altech in good stead to now complete the financing process,” he said.
“We appreciate the authorities’ recognition of our professional and responsible approach and we are thankful for their exceptional support.”
Mr Tan said the BImSchG approval would provide potential lenders with a higher degree of confidence in the project.
Altech distributed a funding invitation document to various financial institutions worldwide in late 2024, receiving strong initial interest from 10 commercial banks and two venture debt funds.
The company plans to work with its funding adviser to shortlist the most suitable financial partners.
The CERENERGY project is at the forefront of next-generation sodium-chloride battery development, offering a sustainable alternative to conventional lithium-ion technology.
CERENERGY batteries are fireproof and explosion-proof, with a lifespan of more than 15 years and the ability to operate in extreme cold and desert climates.
The batteries use table salt and are free of lithium, cobalt, graphite and copper, eliminating exposure to critical metal price rises and supply chain concerns.
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。