Gelion PLC - London-based Anglo-Australian battery storage company - Says strong early progress has been made on the anode side of its zinc battery solution. Notes significantly improved zinc plating behaviour, but says a research and development programme has identified potential safety concerns on the cathode side. Adds it intends to increase testing capacity of its research and development facilities by 50% at its lithium sulphur site. Says site will have the capability to increase its prototyping toward cell development and is due to be operational in September 2023.

Current stock price: 29.00 pence, up 9.4% on Thursday

12-month change: up 68%

Copyright 2023 Alliance News Ltd. All Rights Reserved.