5 December 2024
Gelion plc
("Gelion" or the
"Company" or the "Group")
Notice of AGM
Gelion (AIM: GELN), the global energy storage
innovator, will be holding its Annual General
Meeting ("AGM") at 9am on Monday 30
December 2024 at the offices of Cavendish
Capital Markets Limited, 1 Bartholomew Close, London, EC1A
7BL.
As the Company will be releasing its
results for the financial year ended 30th June 2024 on 27 December
2024, the annual report and accounts of the
Company for the financial year ended 30 June 2024 will not be laid
before the shareholders at the AGM. Accordingly, a separate meeting of shareholders is intended to
be convened before the end of January 2025, at which the receipt of
the report and accounts and the reappointment of the auditors, BDO
LLP will be put to shareholders and a circular will be posted to
shareholders giving notice of that meeting in due
course.
The notice of AGM on 30 December
2024 can be viewed and downloaded from the Company's
website:
https://gelion.com/investors/financial-reports-documents-notices/.
Shareholders who wish to attend the
AGM remotely should register for the event in advance by
contacting gelion@almastrategic.com.
CONTACTS
Gelion plc
John Wood, CEO
Amit Gupta, CFO
|
via
Alma
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Cavendish Capital Markets Limited (Nominated Adviser and Broker)
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+44
20 7220 0500
|
Neil McDonald / Seamus Fricker /
Adam Rae (Corporate Finance)
Louise Talbot (Sales)
|
|
Alma Strategic Communications (Financial PR Adviser)
Justine James / Hannah Campbell /
Will Ellis Hancock
|
+44
20 3405 0205
gelion@almastrategic.com
|
About Gelion
Gelion ("gel: ion") is a global
energy storage innovator, supporting the transition to a more
sustainable economy by commercialising two globally important next
generation technologies: Lithium-Sulfur (LiS) and Zinc-based (Zn)
hybrid cells to electrify mobile and stationary applications.
Gelion plc (the Group) is listed on the London Stock Exchange's
Alternative Investment Market and wholly owns Australia based
Gelion Technologies Pty Ltd and UK based OXLiD Ltd. Gelion is
designing and delivering innovative battery technologies and
integrated systems solutions to enable that transition and return
value for its customers and investors.
Lithium Sulfur
Gelion's effort is directed at the potential for the
Li-S chemistry to deliver double the gravimetric energy density of
standard Lithium-ion chemistries whilst concurrently reducing cost
and increasing safety, targeting the EV and e-aviation market,
helping to make global transport, energy consumption and storage
more sustainable.
Gelion is developing a GEN 3 Lithium Sulfur cell
product for its high energy density sulfur cathode at its expanded
R&D facilities in Australia and UK, enabling it to integrate
with a variety of anodes ranging from graphite to silicon to
lithium metal, depending on the targeted application.
Gelion's GEN 3 cell is unlocking the potential of
sulfur batteries for a wide range of global mobile applications
including electrical vertical-take-off-and-landing (eVTOL), drone
markets, electric vehicles (EVs) and stationary energy storage
(ESS).
Advantages of
Gelion's GEN 3 Lithium Sulfur
·
High energy density
- Energy density > 400 Wh/kg, when using a
10+ Ah pouch cell.
·
Semi-solid-state as a route to
increased longevity/cycle life: GEN 3 employs a
semi-solid-state mechanism, maintaining the sulfur-based cathode
materials in the cathode, preventing their diffusion into the
electrolyte and diminishing associated battery degradation caused
by reactive polysulfides. This approach mitigates the major
degradation factor associated with conventional Li-S
technology.
·
Increased sulfur
utilisation: GEN 3 demonstrates the full theoretical
capacity of sulfur, i.e. a much higher sulfur utilisation than
found in conventional Li-S approaches.
·
Simplified supply
chain: The innovative cathode is produced by mixing
commercially available materials with abundant sulfur using a
low-energy, room-temperature process, with potential to eliminate
the need for pre-fabrication of the sulfur composite (sulfur
composite is related to cathode active material in conventional
lithium-ion batteries), streamlining the associated supply chain
and production process and enabling localised manufacturing.
·
Environmental and economic
benefits: The water-based, standard-atmosphere cathode
production process eliminates the need for toxic solvents, leading
to significant cost savings and enhanced manufacturability.
Glossary
1MPa
|
This level of pressure replicates real-world pressure
conditions inside batteries and is crucial for ensuring the
durability, efficiency, and performance of the separator in
practical applications.
|
Ah
|
Ampere hours. A measure of capacity stored in the
cell. The larger the number the higher the capacity.
|
Energy density (Wh/kg)
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The ratio of energy stored per unit weight i.e.
Watt-hours per kilogram. The higher the number the lighter the
battery.
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Pouch cell
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An industry standard format of a battery which
comprises a flat pouch-shaped design with a multi-layered laminate
structure.
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Solid-to-solid conversion
|
A low or polysulfide-free conversion of sulfur within
the cathode. Polysulfides are a dissolved form of sulfur that is
corrosive and reduces cycle life in traditional lithium-sulfur
batteries. Solid-to-solid conversion helps mitigate the formation
of these polysulfides.
|
Semi-solid state as a route to increased
longevity/cycle life:
|
Gelion's GEN 3 technology can employ a
semi-solid-state mechanism, maintaining the sulfur-based cathode
materials in the cathode, preventing their diffusion into the
electrolyte and diminishing associated battery degradation caused
by reactive polysulfides. This approach mitigates the major
degradation factor associated with conventional Li-S
technology.
|
Solid state separator
|
A solid-state separator is a solid material that
separates the anode and cathode in a battery, enabling ion transfer
while preventing short circuits enhancing battery safety, supports
higher energy densities, and allows stable use of a lithium metal
anode, increasing capacity and lifespan.
|
Cycle life
|
The number of full charge and discharge cycles a
battery can complete before its capacity falls below a specified
level, typically 80% of the original capacity. Higher cycle life
indicates longer-lasting performance.
|
Zinc
Gelion is adapting its zinc
technology to comprise an alternate cathode technology, a zinc
hybrid cell to develop complementary next-generation batteries for
the lead-acid eco-system. Early testing indicates that this
solution has the potential to maintain good energy density levels
with enhanced cost and safety aspects. Once fully developed, Gelion
intends for our zinc technology to provide a durable and
sustainable market extension within the ecosystem that supports
lead-acid batteries.
Recycling
Gelion is pioneering an innovative
battery recycling technology designed to enhance and supplement
current recycling methods. Our technology aims to significantly
reduce the initial costs of recycling plants, minimize waste, and
lower carbon emissions, while improving the purity of metal
products and enabling efficient lithium extraction. This
advancement will allow for a broader range of scrap materials to be
recycled. Currently in the feasibility stage, Gelion is committed
to advancing our technology to a pilot-scale demonstration, paving
the way for commercialisation through material production and IP
licensing.
Integration Solutions
Gelion leverages its significant
integration and BMS capability to deliver bespoke BESS for
Australian customers. These BESS are currently based on lithium-ion
technology and will also include Gelion's next-generation batteries
as these become available. Gelion will deploy BESS with our
proprietary cloud-based battery monitoring system, which will
provide real-time diagnostics and alerts to maximise performance
and return on investment for our customers.