What was stated also is that the industrial park ISP received...

First 8 Last

Share
Profile

Follow
Steini

11,983 Posts.

3639

26/08/23

12:44

Post #: 69563379
Share

Originally posted by welti: ↑

https://stark-fuer-lausitz.de/schwarze-pumpe-leuchtturmfunktion-fuer-ganz-europa/Translated by deepl:

The South II expansion area has already been reserved by major investor Altech Industries Germany for its corporate expansion at the ISP site. "If Altech could not build its battery plant there, the company would have to relocate its entire establishment to an alternative site. We would lose a company from the future technology sector that would shape the profile of the industrial park in the future," informs Petra Axel, Commercial Director of ASG Spremberg, which is developing the industrial park.
But there can be no question of that now. Altech is an anchor investor that needs more companies in the surrounding area. Altech has already acquired 14 hectares of land in the ISP. The company has already secured 60 hectares for further investments.

Jens Willembockel, head of business development at Altech, says, "We are aiming for a closed material cycle, an ecosystem. That is why suppliers, recycling companies and other service providers in the immediate vicinity are important to us.

Energy turnaround race
"Schwarze Pumpe is one of the anchors for structural development in the Lusatian coalfield. Here, the development of the site will create outstanding opportunities for new settlements and numerous new jobs. That is why Saxony, together with Brandenburg, is committed to the expansion of the Schwarze Pumpe industrial park," said State Minister Thomas Schmidt.
Uwe Ahrens, Managing Director of Altech, welcomes this: "The energy turnaround is a global race in terms of solutions, technologies. We have to be fast. Faster than the others. Everything we have achieved today is already yesterday's news." Altech is therefore grateful, he said, that the Free State of Saxony is so supportive of the southward expansion of the industrial park and thus its investments.
"We feel at home here. As far as the speed of the approval process is concerned, which also includes the participation of us as an investor, we will beat the 'Tesla speed'. Also, everything we do here follows the green agenda. Because we are developing technologies here that are necessary for the energy transition. What is happening here at the Schwarze Pumpe site has a lighthouse function not only for Germany, but for all of Europe," says the Altech CEO with conviction.

Expand

What was stated also is that the industrial park ISP received almost 500k Euros in funding for the planned extension which will be used to develop the Altech blocks, representing about 80% of the expected costs.

While this amount is legally given to the ISP it benefits ATC. Looks like another successful move by Ahrens.

The funding gates have been opened a bit more.

Time to finally give it a go despite some initial reservations in regards to Balaton and Delphi.

GLTA

ATC Price at posting: 6.9¢ Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

Reply