Altech Batteries (ASX:ATC) has secured environmental and construction approval, BimSch-G, for the 120 megawatt per hour CERENERGY GridPack production facility in Germany.
With the approval, the company’s joint venture German subsidiary Altech Batteries GmbH is now positioned to start site clearing and construction, pending securing project funding.
In collaboration with engineering subcontractor LEADEC and architecture of the plant subcontractor ARIKON, Altech submitted an application for a permit and licence to the authorities for the proposed construction and operation of the project in September 2023.
Managing Director Iggy Tan says the company’s approach of being dynamic, quick moving, and to run things concurrently, puts Altech in good stead to complete the financing process.
“We appreciate authorities’ recognition of our professional and responsible approach, and we’re thankful for their exceptional support,” Tan says.
In Germany, the approval process is determined by the environmental risk impacts, with most projects falling under the jurisdiction of the German Federal Immission Control Act for federal approval.
Further, the company adds it initiated the permit and licence process in parallel with the Definitive Feasibility Study (DFS) process. This decision has prevented any potential delays in project execution once financing is secured.
Altech Batteries is a speciality battery technology company focused on its CERENERGY batteries which is an alternative to lithium-ion batteries. CERENERGY batteries are fire and explosion-proof, with a life span of more than 15 years.
Write to Aaliyah Rogan at Mining.com.au
Images: Altech Batteries
