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Gelion PLC ( (GB:GELN) ) has shared an announcement.
Gelion PLC has announced that its UK subsidiary, OXLiD Ltd, has secured £533,000 in grant funding from the UK Government’s DRIVE35 programme to advance its lithium-sulfur (Li-S) technology. This funding, in collaboration with QinetiQ, will support the scale-up and independent validation of Gelion’s proprietary Li-S technology in high-energy multi-layer pouch cells, targeting commercial adoption in the Defence, Aerospace, and Automotive markets. The project, with a total budget of £1.1 million, aims to demonstrate the technology’s readiness for market adoption by providing industry-standard validation. This initiative is expected to enhance Gelion’s positioning in the energy storage industry and open up commercial opportunities in strategic markets.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation battery technologies, including sulfur-based, lithium-sulfur (Li-S), sodium-sulfur (Na-S), and zinc-based hybrid cells. The company aims to support the transition to a more sustainable economy by providing advanced battery solutions for mobile and stationary applications, as well as battery recycling technology. Gelion is listed on the London Stock Exchange’s Alternative Investment Market and operates through subsidiaries in the UK and Australia.
Average Trading Volume: 88,726
Technical Sentiment Signal: Sell
Current Market Cap: £32.72M
For an in-depth examination of GELN stock, go to TipRanks’ Overview page.