An update from Gelion PLC ( (GB:GELN) ) is now available.
Gelion PLC’s UK subsidiary, Battery Minerals Ltd, has successfully completed Phase 1 of the Advanced Propulsion Centre UK’s Technology Developer Accelerator Programme, securing £100,000 in Phase 2 grant funding and an additional £75,000 booster grant to advance its Lithium-Ion recycling technology. This development positions Gelion to address the growing battery waste challenge, aligning with EU recycling targets and offering a cost-effective, localized solution that reduces reliance on large-scale refineries. The progression to Phase 2, focusing on technology validation, signifies commercial traction and potential industry impact, with plans to develop a pilot plant and expand research capabilities.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation battery technologies, including Lithium-Sulfur and Zinc-based hybrid cells, to support sustainable energy transitions. The company is listed on the London Stock Exchange’s Alternative Investment Market and operates subsidiaries in Australia and the UK, developing innovative battery technologies and integrated systems solutions for mobile and stationary applications.
YTD Price Performance: -25.00%
Average Trading Volume: 52,674
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £18.93M
Learn more about GELN stock on TipRanks’ Stock Analysis page.