REG - Gelion PLC - Nissan Project, Grant Award, Investor Presentation

GelionAnnouncement

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RNS Number : 5480G  Gelion PLC  02 June 2026

2 June 2026

 

Gelion plc

("Gelion", "Company" or the "Group")

 

Collaboration agreement with Nissan to integrate Gelion's NES™ cathode into
next generation solid-state EV batteries

 

Award of grant funding from UK Battery Innovation Programme

 

Investor presentation

 

Gelion is seeking to replace the strategic minerals in current Lithium-ion
battery cathodes with Gelion's Nano-Encapsulated Sulfur (NES™) that are low
cost and can be dropped into existing global manufacturing lines.  Gelion's
NES™ is made from sulfur which is abundantly available, free from supply
chain constraints.

 

Gelion plc (AIM: GELN), the sulfur battery company, is pleased to announce a
three-year collaborative project entitled Cost-effective, Resilient
Solid-state Li-S ("CoRe-SoLiS" or "The Project"), alongside Nissan Technical
Centre Europe ("NTCE") and the University of Oxford, commencing in June
2026.  The total project cost is £3.4 million, with £2.4 million in
combined grant funding from Innovate UK across the partners under the Battery
Innovation Concept Development Round 1 competition, including an award of
£1.6 million to Gelion's UK subsidiary.

 

Highlights

 

·    Synergy with Nissan EV36Zero: The Project aligns with Nissan's major
investment in its Sunderland manufacturing hub, ensuring the UK remains at the
heart of Nissan's European electrification strategy.

·   World‑leading technologies combined: The Project brings together
Gelion's breakthrough NES™ sulfur‑based cathode active material with
Nissan's world‑leading solid‑state battery development capabilities,
targeting next‑generation EV batteries.

·   Automotive end‑market focus: The Project aims to build and deliver a
high power (fast charge and discharge), high energy and long duration
solid-state lithium-sulfur battery pack. In particular, the Project is focused
on meeting the KPIs of automotive solid state battery applications, informed
by Nissan's performance, safety and manufacturability requirements.

·   Cost and supply chain advantage: NES™ replaces expensive and
supply‑constrained nickel and cobalt with abundant, ultra‑low‑cost
sulfur, supporting more affordable EV batteries and resilient western supply
chains.

·    Potential to accelerate solid‑state adoption: Integration of
Gelion's inherently low‑cost sulfur cathode addresses the key barriers to
mass‑market solid‑state battery adoption - durability and cost.

·    World‑leading solid‑state expertise: Oxford University, a global
leader in solid‑state battery science, provides advanced anode materials and
cell‑level expertise to de‑risk integration.

·    Strategic and Economic Impact: The Project supports the development
of a resilient UK‑based battery materials supply chain and lays the
groundwork for Gelion to become a domestic supplier of advanced cathode
materials. In addition, this will also support in executing Nissan's aim to be
a leader in EV solid state battery technologies and to continue to invest in
the UK.

 

The Project

Solid‑state batteries are widely recognised as a critical future technology
for electrification due to their potential to deliver enhanced safety, higher
energy density, and improved durability compared with conventional
lithium‑ion batteries that rely on liquid electrolytes.  For the UK,
developing solid‑state battery capability is strategically important to
maintain competitiveness in advanced manufacturing, support domestic EV
production, and secure a strong position in the global battery value chain.

 

Sulfur‑based batteries have historically faced technical limitations that
have restricted commercial adoption, namely power and cycle-life due to
polysulfides.  Gelion's NES™ technology overcomes these challenges,
unlocking performance levels previously considered unachievable for sulfur
cathodes.  Combined with Nissan's and University of Oxford's world‑leading
solid‑state expertise, CoRe‑SoLiS aims to deliver solid-state
lithium-sulfur batteries that are:

 

·      Safer: Removing flammable liquid electrolytes.

·      Longer‑lasting: Enhanced stability and cycle durability.

·      More affordable: Using ultra‑low‑cost, widely available
materials.

 

Impact on Gelion

The grant will support Gelion's R&D and integration activities relating to
the NES™ cathode within solid‑state battery systems.  Results from
CoRe‑SoLiS will inform future scale‑up, manufacturing and
commercialisation efforts for solid‑state batteries, with potential to
expand collaboration across the automotive and energy storage sectors.

 

Gelion now has collaborations across TDK (Japan), QinetiQ and NTCE, Max Planck
Institute of Colloids and Interfaces (MPI) (Germany) reinforcing its
leadership position in next‑generation sulfur battery innovation.

 

Steve Mahon, Chairman of Gelion, said: "Working with NTCE here in the UK
brings us a visible pathway to significant commercial revenues as well as an
opportunity to build an expanded R&D and production facility in this
country.  Congratulations to the world-class scientific team at Gelion that
made this happen."

 

John Wood, Gelion CEO, commented: "This endorsement of our technology's
commercial potential in solid-state cells for automotive applications
highlights the platform nature of NES™ building on our work in liquid
electrolyte and graphitic anode systems.  The two primary opportunities to
push battery performance boundaries are solid-state and sulfur cathode
material.  This project combines both and we are excited by the way the core
technologies have the potential to complement and extend each other."

 

Adrien Amigues, President Gelion UK & Europe and team lead on CoRe-SoLiS,
added: "This project has the potential to be a game-changer for the UK, Nissan
and Gelion.  Our technology is particularly well-suited to solid-state
batteries due to the exceptional physical properties of NES(TM), its unique
potential to substitute scarce and expensive minerals and its ability to be
used as a drop-in solution into existing and future solid-state battery
production lines. I look forward very much to working with our partners to the
benefit of all our stakeholders."

 

Investor presentation

The Company will host a presentation for all existing and potential
shareholders via the Investor Meet Company platform at 0900h BST on 4 June
2026.  Investors can submit questions pre-event via their Investor Meet
Company dashboard up until 0900h on 3 June 2026 or at any time during the live
presentation.  Investors can sign up to Investor Meet Company and add to meet
Gelion via:

 

https://www.investormeetcompany.com/gelion-plc/register-investor
(https://www.investormeetcompany.com/gelion-plc/register-investor)

 

Investors who already follow Gelion on the Investor Meet Company platform will
automatically be invited.

 

For more information, please visit Next-Generation Sulfur Battery Technologies
| Gelion (https://gelion.com/) or contact:

 

 Gelion plc                                                     via Tavistock
 John Wood, CEO

Amit Gupta, CFO

 Strand Hanson Limited (Nominated and Financial Adviser)        +44 (0) 20 7409 3494

Christopher Raggett / Rob Patrick / Harry Marshall

 Oberon Capital (Joint Broker)                                  +44 (0) 20 3179 5300
 Nick Lovering / Mike Seabrook / Adam Pollock

 Allenby Capital Limited (Joint Broker)                         +44 (0) 20 3328 5656

 Jos Pinnington / Lauren Wright (Sales and Corporate Broking)

 Alex Brearley / Ashur Joseph (Corporate Finance)

 Tavistock (Financial & Corporate PR)                           +44 20 7920 3150

Simon Hudson / Nick Elwes / Saskia Sizen                      gelion@tavistock.co.uk

 

Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended.

 

About Nissan Technical Centre Europe (NTCE)

Nissan's centre of excellence for the research and development (R&D) of
vehicles manufactured across Nissan's European production plants and beyond. A
central player in Nissan's global operations, NTCE in Cranfield is R&D's
European HQ, and has helped elevate Nissan's market position with the
development of vehicles and technologies that meet the needs of customers.
Powered by a team of highly skilled engineers and researchers, NTCE sits at
the crossroads of Nissan's new product development process, transforming
sketches and clay model concepts into production reality. Since NTCE's
inception, it has launched 33 models in Europe and beyond, including Nissan
Qashqai equipped with e-POWER, Juke Hybrid and the all-new Nissan LEAF.

 

About Gelion

Gelion plc, the sulfur battery company is developing next‑generation battery
technologies that aim to accelerate the clean energy transition by delivering
sustainable, high‑performance, cost‑effective energy storage solutions.
Central to its strategy is proprietary sulfur‑based cathode active material
(CAM) technology, which uses nanoconfinement to control sulfur behaviour in
lithium‑sulfur and room‑temperature sodium‑sulfur battery architectures
Nano-Encapsulated Sulfur (NES™), addressing historical performance
limitations and enabling compatibility with standard lithium‑ion and
sodium‑ion manufacturing infrastructure. The NES™ material is being
developed with the goal of having "drop in" capability in place of alternate
cathode materials to support scalable production in existing gigafactories and
targets critical benchmarks for energy density and power performance, with
applications across electric mobility, e‑aviation, grid and stationary
storage. Gelion works with Tier One industrial partners to commercialise its
technology and deliver integrated energy storage systems that support global
decarbonisation goals.

 

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