Business
Gelion and Ionblox JDA signed
Gelion and Ionblox JDA signed.
About this update from Gelion Plc
[{"type":"text","content":"\n\n \n21 November 2023\nGelion plc\n(\"Gelion\" or the \"Company\" or the \"Group\")\n \nGelion and Ionblox Joint Development Agreement Signed\nTargeting Next-Generation Silicon Sulfur Cells for Global EV and Electric Aircraft Markets\n \n \nGelion (AIM: GELN), the Anglo-Australian battery innovator, is pleased to announce that it has signed a Joint Development Agreement (JDA) with Ionblox Incorporated (Ionblox), the California based next-generation battery technology company transforming the future of mobility by land and air. The JDA aims to deliver safe, high-energy density, lower cost lithium silicon sulfur (LiSiS) cells for the global electric vehicle (EV), electrical vertical-takeoff-and-landing (eVTOL) and drone markets, before progressing to the stationary energy storage market.\n \nThe EV and eVTOL industries are seeking highly competitive next-generation battery technologies to underpin the transition to net-zero emissions, illustrated by the International Energy Agency estimating approximately 300 million EVs will be required by 2030, compared with 10 million EVs in 2022. Battery powered eVOTLs, drones and stationary energy storage will additionally support the renewables revolution.\n \nBy combining its technology development with the broad IP and know-how it acquired from Johnson Matthey earlier in 2023 (the IP Portfolio), and the recently announced acquisition1 of OXLiD Ltd, a UK based lithium-sulfur innovator (the Acquisition), Gelion has accelerated to a leading position in lithium sulfur development. Gelion is developing sulfur cathodes to integrate with a variety of anodes including silicon and silicon oxide (SiOx), lithium metal and graphite.\n \nIonblox is a leading silicon oxide anode developer with multiple performance attributes - fast charging, high energy, high power, and long life at low cost. Ionblox's investors include Lilium, Applied Ventures, Temasek and Catalus Capital.\n \nGelion and Ionblox will jointly aim to develop high performance, next-generation LiSiS cells, which have the potential to deliver a number of advantages2 over traditional lithium-ion batteries:\n \n\n\n\n\n§\n\n\nUp to double the gravimetric energy density ~400 Wh/Kg, enabling increased range between charges in EVs, therefore reducing \"range anxiety\";\n\n\n\n\n§\n\n\nLighter weight...