REG - Gelion PLC - Result of GM

GelionAnnouncement

03/02/2025 10:45

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RNS Number : 6707V  Gelion PLC  03 February 2025

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/
(https://gelion.com/investors/financial-reports-documents-notices/) .

 

CONTACTS

 

 Gelion plc                                                                 via Alma

 John Wood, CEO

 Amit Gupta, CFO

 Cavendish Capital Markets Limited (Nominated Adviser, Joint Broker, Joint  +44 207 220 0500
 Bookrunner and UK Retail Offer Coordinator)
 Corporate Finance

 Neil McDonald

 Seamus Fricker

 Adam Rae

 ECM/Sales

 Louise Talbot

 Graham Hall

 Oberon Capital (Joint Broker and Joint Bookrunner)                         +44 203 179 5300

 Nick Lovering

 Mike Seabrook

 Alma  (Financial PR Adviser)                                               +44 20 3405 0205

 Justine James                                                              gelion@almastrategic.co.uk (mailto:gelion@almastrategic.co.uk)

 Hannah Campbell

 Will Ellis Hancock

 

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.

 

 

 

 

 

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