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Gelion PLC ( (GB:GELN) ) has provided an update.
Gelion PLC has been awarded a £2.5 million grant by the Australian Renewable Energy Agency to advance its GEN 3 Lithium-Sulfur and Silicon-Sulfur battery technologies. This funding will support the establishment of the Advanced Commercial Prototyping Centre in Sydney, which aims to optimize battery production for high-growth applications such as electric aviation and vehicles. The project is expected to enhance Gelion’s production capabilities, foster global partnerships, and align with Australia’s strategic energy storage initiatives, potentially positioning Gelion as a market leader in sustainable battery solutions.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation battery technologies, specifically Lithium-Sulfur (Li-S) and Zinc-based hybrid cells, to support the transition to a sustainable economy by electrifying mobile and stationary applications. The company is listed on the London Stock Exchange’s Alternative Investment Market and operates in Australia and the UK.
YTD Price Performance: -28.13%
Average Trading Volume: 12,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £23.8M
Find detailed analytics on GELN stock on TipRanks’ Stock Analysis page.
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