London Stock Exchange Welcomes Gelion Plc to AIM
London Stock Exchange today welcomes Gelion plc, the global energy storage innovator, on to the AIM market.
Gelion’s mission is to provide global energy storage solutions that are robust, safe and affordable with low environmental impact, enabling clean power and fresh water for all.
The Company aims to positively impact the transition to a net-zero-carbon economy by deploying its breakthrough energy storage solutions across a range of applications, from kilowatt-hour-scale off-grid standalone power systems to megawatt-hour-scale systems that can stabilise the grid and support wind and solar power plants.
Gelion was spun out of the University of Sydney to commercialise inventions in battery technology developed by the scientific team led by Professor Thomas Maschmeyer, the Founder and Principal Technology Advisor. Gelion Technologies Pty Ltd (Australia) is a wholly owned subsidiary of Gelion plc operating in Australia.
The Company operates two divisions. One is for the delivery of stationary energy storage through its proprietary non-flow zinc-bromide battery technology. These “Endure” batteries are able to operate without air-conditioning in temperatures up to 50 degrees Celsius and are highly resistant to fire or thermal runaway.
Gelion’s other division is for the improvement of lithium battery technologies for mobile energy storage through its proprietary performance additives for advanced lithium-ion (silicon nanoparticles) and lithium-sulfur batteries (polysulfide management). These additives will make lithium battery technologies safer and deliver higher energy densities for electric vehicles and the emerging electric aviation industry.
The Company is announcing that it is has raised £16 million of new funds with a market capitalisation on admission to trading of £154 million. It will deploy these funds to fully commercialise both its stationary energy division and its lithium battery performance additives division. Gelion management retains about 18% of all issued ordinary share capital of the Company.