Gelion PLC - London-based energy storage technology - Forms partnership with Max Planck Institute in Potsdam, Germany to develop ‘high-power, high-cycle life sulphur batteries with high energy densities’. Gelion says the joint development plan brings together its own battery technology designs with Max Planck’s nano-confined carbon/sulphur composite cathode and anode material technologies. ‘The board of Gelion believes that this collaboration aligns seamlessly with Gelion’s sulfur battery strategy and significantly accelerates its pathway to commercialisation,’ it says.
As part of the agreement, Markus Antonietti, the founding director of the Max Planck Institute of Colloids & Interfaces, will become a technology advisor to Gelion and receive options over 1.5 million Gelion shares, vesting over three years.
Earlier this month, Gelion released its results for the half-year that ended December 31, showing a pretax loss of £3.6 million, narrowed from £4.1 million a year before. Its only income is from grants, which total £381,000 in the recent period, up from £35,000 a year before. ‘We are confident that 2025 will validate the value of our combined focus-advancing technological leadership in sulphur technology, while driving commercial success through strategic collaborations and direct sales in our integration efforts,’ says Chief Executive Officer John Wood.
Current stock price: 11.38 pence, up 11% in London on Thursday
12-month change: down 25%
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