Altech Batteries (ASX:ATC) received environmental and construction approval for its 120-megawatt-hour Cerenergy GridPack production facility in Germany, according to a Monday filing with the Australian bourse.
The permit allows the company's German subsidiary, Altech Batteries, to start site clearing and construction, pending successful project funding, the filing said.
Shares fell past 2% in morning trade Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.