Gelion PLC Secures £2.1 Million Funding to Advance Sulfur Battery Technology

Gelion PLC (LSE:GELN) has announced an equity fundraising of up to £2.1 million aimed at advancing its strategic partnership with the Max Planck Institute and supporting its Integration Solutions business. The fundraising, which includes a Placing, Subscription, and Retail Offer, is intended to accelerate the development of Gelion’s sulfur battery technology. The company aims to overcome historical challenges associated with the technology and position itself as a key player in the renewable energy storage market.

About Gelion PLC

Gelion PLC is an innovative energy storage company focused on sulfur battery technology. With an emphasis on developing sustainable energy storage solutions, Gelion is working to become a leader in the renewable energy storage industry through strategic partnerships and cutting-edge technology.

• Year-to-Date Price Performance: -39.71%

• Average Daily Trading Volume: 53,566 shares

• Technical Sentiment: Positive (Buy)

• Market Capitalization: £15.22 million

Through this fundraising, Gelion is positioning itself for future growth in the renewable energy sector, aiming to revolutionize energy storage and expand its market presence despite current challenges.

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