Highlights
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Commenced permitting and licensing application process
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License for construction/operation 100 MWh CERENERGY® battery project
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Normal federal approval required (German Federal Immission Control Act, BimSchG)
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Project has low environmental and community impact - manufacturing
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Inter-ministerial decision that project comes under Saxony state approval
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Expected to significantly streamline and expedite the licence process
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DFS and finance continue to progress
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Proactive approach by commencing permit and license process early
Altech Batteries Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to announce that its joint venture German subsidiary Altech Batteries GmbH (ABG) has commenced the permitting and licensing application process for the CERENERGY® battery project in Schwarze Pumpe, Saxony, Germany. The Company is in joint venture with Fraunhofer IKTS (“Fraunhofer”) to commercialise a 100 MWh battery plant on Altech’s land in Saxony, Germany, specifically focussed on the grid (stationary) energy storage market.
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