Business
Interim results to 31 December 2024
Interim results to 31 December 2024.
About this update from Gelion Plc
[{"type":"text","content":"\n\n19 March 2025\nGelion plc\n(\"Gelion\" or the \"Company\" or the \"Group\")\n \nInterim results to 31 December 2024\n \nGelion (AIM: GELN), the global energy storage innovator, announces its unaudited interim results for the six months ended 31 December 2024 (H1 FY25), a period in which the Company made significant technical and commercial progress, including signing commercial orders to generate revenue and gross margin to be recognised in the second half of FY25.\n \nOperational highlights\n\n\n\n\n· \n\n\nAchieved a breakthrough 402 Wh/kg energy density with Gelion's GEN 3 lithium sulfur (Li-S) technology, making it over 60% lighter than a comparable lithium-ion battery.\n \n\n\n\n\n· \n\n\nSuccessfully fabricated advanced sulfide-based solid-state separators using the novel IP licensed from Oxford University Innovation Limited (Oxford University), enabling Gelion to proceed to the next stage of optimisation which has the potential to increase the cycle life of its high energy density GEN 3 Li-S cells.\n \n\n\n\n\n· \n\n\nLaunched Energy Storage Integration Solutions division, with an initial £1 million commercial order, with revenue and margin recognised in H2 FY25.\n \n\n\n\n\n· \n\n\nEstablished Battery Minerals, a UK subsidiary, to commercialise the acquired Johnson Matthey IP and secured funding from the UK government's Department of Business and Trade (DBT), facilitated by the Advanced Propulsion Centre UK (\"APC\") as part of the Technology Developer Accelerator Programme (\"TDAP\") to support the optimisation of commercial pathways.\n \n\n\n\n\n· \n\n\nAwarded c.£2.5 million grant by the Australian Renewable Energy Agency (\"ARENA\") as matched funding to implement its Advanced Commercial Prototyping Centre (\"ACPC\") Project in Sydney to produce, optimise and test its next generation GEN 3 (Li-S and Silicon Sulfur (Si-S)) battery technologies. The Project will commence upon Gelion securing appropriate co-funding.\n \n\n\n\n\n· \n\n\nSuccessfully raised gross proceeds of £1.86 million of which £1.7 million was raised pursuant to the placing, subscription and retail offer from existing...