3 February 2025
Gelion plc
("Gelion" or the
"Company" or the "Group")
Result of General
Meeting
Gelion (AIM: GELN),
the global energy storage
innovator, announces that at its General
Meeting held earlier today all proposed resolutions were duly
passed. Voting results of the GM can be found on the Company's
website:
https://gelion.com/investors/financial-reports-documents-notices/.
CONTACTS
|
Gelion plc
John Wood, CEO
Amit Gupta, CFO
|
via
Alma
|
|
Cavendish Capital Markets Limited (Nominated Adviser, Joint Broker, Joint Bookrunner and
UK Retail Offer Coordinator)
|
+44
207 220 0500
|
|
Corporate Finance
Neil McDonald
Seamus Fricker
Adam Rae
ECM/Sales
Louise Talbot
Graham Hall
|
|
|
|
|
|
Oberon Capital (Joint Broker
and Joint Bookrunner)
Nick Lovering
Mike Seabrook
|
+44
203 179 5300
|
|
|
|
|
Alma (Financial PR
Adviser)
Justine James
Hannah Campbell
Will Ellis Hancock
|
+44
20 3405 0205
gelion@almastrategic.co.uk
|
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)
|
The ratio of energy stored per unit weight i.e.
Watt-hours per kilogram. The higher the number the lighter the
battery.
|
|
Pouch cell
|
An industry standard format of a battery which
comprises a flat pouch-shaped design with a multi-layered laminate
structure.
|
|
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.
