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.

Quick facts

Track
Market: AIM
Instrument market cap (£m)
128.43
Listing/Admission to trading
30 Nov 2021

Andrew Grimes, Chief Executive Officer of Gelion plc, said:

“We are in a tremendous place to take Gelion to market as a publicly listed company. We raised £17.6 million from private investors before this IPO, with an additional £16m of new capital raised directly as part of our admission to AIM.

“The listing will enable us to accelerate and scale our battery technology, as well as provide access to the dynamic capital and liquidity available via AIM to meet the strong emerging demand for renewable energy storage over coming years.”

“The global energy storage market is set to grow exponentially over the next decade, with BloombergNEF last week forecasting investment worth $US262 billion by the end of 2030.

“There is a great opportunity for us to leverage the supportive investment community on AIM to take our battery technology to Asia, Europe and North America.”

Advisers to the IPO include:

  • finnCap, nominated advisors and sole broker
  • Fieldfisher, solicitors as to English law
  • HWL Ebsworth, solicitors as to Australian law
  • Spruson & Ferguson, patent attorneys
  • BDO LLP, reporting accountant
  • Lubbok Fine LLP, auditors
  • Link Group, registrars
  • Tavistock, Financial Public Relations
Looking for new and recent issues?

More recent

92.5
London Stock Exchange welcomes Graft Polymer Plc to the Main Market

The London Stock Exchange today welcomes Graft Polymer (UK) PLC, a business focused on the development of polymer modification, bio/food supplements and drug delivery systems, to the Main Market, trading under the ticker symbol “GPL”.

Graft Polymer is an early-stage company with a state-of-the-art polymer research and development, manufa

Learn more
97.567
London Stock Exchange welcomes Genflow Biosciences Plc to the Main Market

London Stock Exchange today welcomes Genflow Biosciences Plc, a UK-based biotechnology company focused on longevity and the development of therapies to counteract the effects of aging and diseases associated with advanced age, to the Standard Listing Segment of the Main Market, under the ticker symbol "GENF".

Genflow Biosciences opened th

Learn more
74.96
London Stock Exchange welcomes East Star Resources Plc and their readmission to the Main Market

London Stock Exchange welcomes the readmission of East Star Resources, a company focused on the discovery and development of gold, copper, and base metals in Kazakhstan, to the Main Market under the ticker “EST”. The company raised gross proceeds of £3.1 million via a placing and subscription of 62,000,000 shares at £0.05 per share, delivering a ma

Learn more
168
London Stock Exchange celebrates FTSE Russell’s index partnership with Abu Dhabi Securities Exchange

Today, London Stock Exchange markets were opened by Abu Dhabi Securities Exchange and FTSE Russell to mark their partnership and the launch of the FTSE ADX Index Series.

FTSE ADX General Index FTSE ADX Sector Indexes FTSE Russell provides daily index calculations on the ADX General Index FTSE ADX General Index replaces the ADX General Index FTSE Russ

Learn more