Energy Storage Integration Solutions Business Launch with £1m commercial order

Oct 16, 2024

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.

Gelion (AIM: GELN), the Anglo-Australian battery innovator, announces the launch of its Energy Storage Integration Solutions business, with the award of its first commercial order, expanding Gelion’s charter to become an end-to-end battery technology innovator and energy storage company.

Highlights

  • Secured its first commercial order to supply battery energy storage systems (BESS) to Group Energy Pty Ltd (part of the larger Borg Group), with ~£1m revenue and modest margins expected to be recognised in the current financial year (H1 calendar year 2025).
  • Potential for expansion across further Borg Group sites in the future.
  • Leverages Gelion’s in-house expertise in Battery Management systems (BMS) and BESS integration, which are critical elements to bring battery technology to commerciality.
  • Establishment of route to market for Gelion’s next-generation battery technologies.

Borg Group ~£1.0m order

Gelion’s commercial order worth ~£1.0m was placed for two high-performance 1 MW/ 2 MWh lithium-ion (high-performance and readily available third-party cells) containerised BESS to be delivered to Australian company, Group Energy, part of the larger Borg Group (“Borg”).

Borg intends to use the BESS to help achieve its sustainability goals, participate in the Australian frequency response market, and conduct energy arbitrage and peak shaving.

Gelion’s proprietary battery monitoring software will capture key BESS data to understand critical performance and operational parameters in real-time enabling proactive maintenance and maximisation of the BESS cycle life for Borg.

Gelion CEO John Wood said:

“Our team at Gelion has end to end experience in energy storage, from advanced cell chemistry, through product and application integration to cloud-based monitoring. We are structuring to build commercial success while also sustaining and developing the customer facing expertise that will help us introduce our own leading technologies. We value the opportunity to provide this solution to Borg Group, an Australian company deeply committed to sustainable practice and look forward to growing the Integration business in conjunction with the development of our Li-S and Zinc based battery technologies.”

Borg Group CEO, John Borg commented on his decision in Gelion:

“We are excited to partner with Gelion, an Australian energy storage innovator, to support our net-zero goals and enhance our sustainable business practices across the Borg Group. We are confident in the success of this project and look forward to expanding these integrated solutions across additional Borg locations in the future.”

 

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