Gelion PLC ( (GB:GELN) ) has shared an update.
Gelion PLC announced significant advancements in its technological and commercial endeavors for the first half of FY25, including achieving a breakthrough in energy density with its GEN 3 lithium sulfur technology, launching a new Energy Storage Integration Solutions division, and securing substantial funding and grants for further development. These developments position Gelion as a strong contender in the energy storage industry, with potential implications for stakeholders through increased revenue generation and strategic market positioning. The company also reported financial improvements with increased total income and reduced losses, alongside strategic cost-saving measures and the strengthening of its intellectual property portfolio through new patents.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation technologies, specifically Lithium-Sulfur (Li-S) and Zinc-based hybrid cells, to support the transition to a more sustainable economy. The company targets mobile and stationary applications, including electric vehicles and e-aviation markets, by offering high energy density, cost-effective, and safer battery solutions. Gelion is listed on the London Stock Exchange’s Alternative Investment Market and operates through its subsidiaries in Australia and the UK.
YTD Price Performance: -32.35%
Average Trading Volume: 53,118
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.07M
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