30 December 2024
Gelion plc
("Gelion"
or the "Company" or the "Group")
Result of
AGM
Gelion (AIM: GELN),
the global energy storage
innovator, announces that at its Annual
General Meeting held earlier today all proposed resolutions were
duly passed. Voting results of the AGM will be uploaded to the
Company's website: https://gelion.com/investors/documents-notices/.
CONTACTS
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Gelion plc
John Wood, CEO
Amit Gupta, CFO
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via
Alma
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Cavendish Capital Markets Limited (Nominated Adviser and Broker)
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+44
20 7220 0500
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Neil McDonald / Seamus Fricker /
Adam Rae (Corporate Finance)
Louise Talbot (Sales)
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Oberon (Joint
Broker)
Nick Lovering / Mike
Seabrook
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+44
20 3179 5300
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Alma Strategic Communications (Financial PR Adviser)
Justine James / Hannah Campbell /
Will Ellis Hancock
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+44
20 3405 0205
gelion@almastrategic.com
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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
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High energy density - Energy density > 400 Wh/kg, when using a 10+ Ah
pouch cell.
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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.
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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.
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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.
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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.
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Glossary
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1MPa
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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.
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Ah
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Ampere hours. A measure of capacity
stored in the cell. The larger the number the higher the
capacity.
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Energy density (Wh/kg)
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The ratio of energy stored per unit
weight i.e. Watt-hours per kilogram. The higher the number the
lighter the battery.
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Pouch cell
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An industry standard format of a
battery which comprises a flat pouch-shaped design with a
multi-layered laminate structure.
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Solid-to-solid conversion
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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.
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Semi-solid state as a route to
increased longevity/cycle life:
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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.
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Solid state separator
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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.
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Cycle life
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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.
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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.
