A battery storage developer spun out of the University of Sydney plans to list in London to raise more than £16m to commercialise its technology.
Autralia-based Gelion Technologies is expected to be valued at around £120m when it floats on Aim next month, having already raised cash from investors including Regal Funds Management and Elphinstone Group.
The company’s zinc-bromide batteries use an electrolyte gel rather than having to pump through a liquid solution, cutting size and cost.
Read the full story here in the Daily Telegraph.
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).
Milestone underscores technological viability of Li-S battery technology for lightweight energy storage.
View the latest update on Gelion’s Next Generation (“GEN 3”) Lithium-Sulfur (Li-S) battery development here.