Gelion (AIM: GELN), the Anglo-Australian battery innovator, announces the launch of its Energy Storage Integration business, with the award of its first commercial agreement, expanding Gelion’s charter to become an end-to-end battery technology and energy storage company.
Capital raise for 2021
We have kicked off an important capital raise, which we expect to have finalised by the end of the year. We have had a tremendous response from the investors we have spoken to so far and are confident of meeting our targets for this raise.
The capital raise process is vital for us to achieve our goal of being a global renewable energy storage provider. We will be able to report on the final raise soon and let you how we will use funds to fully commercialise our stationary energy storage offering and continue our R&D in our new division to commercialise lithium battery additives for mobile energy storage.
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Grant Funding and Accelerator Programme for Battery Recycling
Gelion announces the incorporation of a wholly owned subsidiary, Battery Minerals Ltd and a grant of up to £170,000 by the UK government’s Department of Business and Trade (DBT).
GEN 3 Lithium-Sulfur delivers energy density above 400Wh/kg
Milestone underscores technological viability of Li-S battery technology for lightweight energy storage.