REG - Gelion PLC - First industrial production of 'Endure' battery

GelionAnnouncement

30/09/2022 07:00

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RNS Number : 2601B  Gelion PLC  30 September 2022

30 September 2022

Gelion plc

("Gelion" or the "Company")

 

Gelion achieves a significant milestone with first industrial production of
'Endure' battery

 

Gelion (AIM: GELN), the Anglo-Australian battery storage innovator, today
announces a significant milestone in delivering on its plans to take its
non-lithium battery into industrial production.

 

Highlights

 

·   Successfully established a pilot manufacturing plant at the lead-acid
factory of its commercial partner Battery Energy Power Solutions Pty Ltd in
Western Sydney, Australia.

·     Pilot plant completed ahead of schedule with a 2MWh annual
capacity.

·    Initial tests on the first batch of zinc-bromide batteries produced
indicate that performance will meet current pilot customer requirements.

·     The first battery production run will be exported to Acciona
Energia in Spain, as announced in February 2022.

 

Gelion is now strongly positioned to deliver on its commercialisation
strategy. This go-to-market strategy has come at a vital time as recent price
rises of lithium batteries is driving customers and policy makers to seek
alternative batteries, such as Gelion's zinc-bromide chemistry.

 

This Gelion pilot manufacturing plant is an end-to-end line with a repeatable
manufacturing process, re-using more than 70% of the standard lead acid
battery production processes. It provides a proven basis for the commercial
scale up of Gelion's manufacturing capacity.

 

CEO Hannah McCaughey commented: "We are delighted to have reached the point of
first industrial production of our breakthrough Endure battery proving that
our unique and market leading battery can be produced at commercial levels
with standard industrial processes in partnership with lead acid battery
manufacturers. Our game changing technology is coming to market at the right
time given the global energy crisis resulting in increased demand and an
urgent need to find alternative solutions to the current incumbent
technologies."

 

First Commercial Production of Endure Battery

 

This is a significant step for Gelion as it moves from laboratory testing into
scaled industrial production.  Gelion's zinc-bromide battery is non-lithium
with six to 12 hours of energy storage and is critical to deliver high
penetration of renewables. The battery is designed to fit standard lead acid
racks, which supports the Gelion industrial design process and leverages
existing supply chains.

 

The battery storage system has been made from industrially produced cells and
includes a Battery Management System (BMS) that will ensure extended battery
life-time and service multiple applications, such as stand-alone power
systems, grid stabilisation and renewable firming.

 

Acciona Energia Testing

 

Initial production at the new plant will be used in the Acciona Energia
contract trial as announced in February 2022. The Acciona trial will be
undertaken in two phases. Phase 1 includes the initial virtual simulation
trial in October 2022 including battery testing, characterisation and in-field
simulation. Phase 2 involves an onsite trial in Spain in May 2023. If the
onsite trial is successful, the Endure battery will become part of Acciona's
supplier portfolio as a renewable energy storage provider.

 

Further Potential Commercial Partnerships

 

Gelion has undertaken a significant amount of work in planning for the
scaled-up production of Endure to meet growing customer demand. Furthermore,
Gelion and Battery Energy Power Solutions is experiencing significant interest
from companies in the energy, resource, mining as well as oil & gas
sectors resulting in advanced discussions with various global players for
trials, off-takes and partnerships.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE
MARKET ABUSE REGULATION EU NO. 596/2014, AS RETAINED AND APPLICABLE IN THE UK
PURSUANT TO S3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

CONTACTS

 

 Gelion plc                                                    via Alma PR

 Hannah McCaughey, CEO

 Thomas Maschmeyer, Founder and Principal Technology Advisor

 finnCap Ltd (Nominated Adviser and Sole Broker)               +44 207 220 0500
 Corporate Finance

 Christopher Raggett

 Seamus Fricker

 Fergus Sullivan

 ECM

 Barney Hayward

 Alma PR (Financial PR Adviser)                                +44 20 3405 0205

 Justine James                                                 gelion@almapr.co.uk

 Josh Royston

 Hannah Campbell

 Will Ellis Hancock

 

About Gelion plc

 

Gelion ("gel: ion") is a global renewable-energy storage innovator who
supports the transition to a sustainable economy while delivering value for
its customers and investors by designing and manufacturing the outstanding
zinc-bromide batteries for stationary energy storage and additives for mobile
battery applications.

 

Stationary storage - Gelion Endure: the sustainable energy storage solution

Gelion has developed patented technology for a breakthrough zinc-bromide
battery to support the transition to a carbon neutral economy by 2050. The
technology is a low-cost, robust, safe and recyclable alternative to
lithium-ion and lead-acid batteries making them ideally suited for the
expanding energy storage market.

 

Gelion's zinc-bromide gel battery uses non-flow technology, which is scalable,
can deliver 100% depth of discharge and has a higher temperature tolerance and
longer duration discharge than competing lead-acid and lithium-ion batteries.
With applications at grid scale as well as behind the meter C&I, the
battery solution is also highly adaptable for off-grid use.

 

Mobile storage - Tomorrow's transport systems will rely on mobile renewable
energy.

Gelion is also developing performance additives to improve the safety,
longevity and energy density of lithium-based batteries for mobile
applications. Using nanotechnology, Gelion's lithium-silicon lithium-sulfur
additives will help power the EV and e-aviation markets.

 

Gelion was spun-out from the University of Sydney in 2015 by Professor Thomas
Maschmeyer, Fellow of the Australian Academy of Science and recipient of the
Australian Prime Minister's Prize for Innovation 2020, that country's highest
honour for scientific entrepreneurship.

 

The Company's ESG credentials are strongly aligned to six of the UN's 17
Sustainable Development Goals.

 

Gelion's shares are listed on the AIM market of the London Stock Exchange and
it received the Green Economy Mark at IPO in November 2021 recognising its
commitment to energy transition.

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