Gelion begins PS4.6 million grant-backed battery project in Australia
Gelion PLC on Tuesday said it has begun work on a grant-backed project to develop its next-generation sulphur battery technology, calling it a ‘significant milestone’ in its commercialisation effort.
The London-based battery energy storage systems firm said it is commencing the Australian Renewable Energy Agency’s A$4.8 million grant on Wednesday, with the total project budget matched by Gelion, bringing the full commitment to A$9.6 million, around £4.6 million, over three years.
The funding will support Gelion’s Advanced Commercial Prototyping Centre in Sydney, focused on scaling up sulphur cathode active materials and expanding lithium-sulphur and silicon-sulphur battery prototyping.
Chief Executive Officer John Wood said the project would help provide battery prototypes to potential global partners and customers for testing and validation.
‘This is an essential next step toward accelerating global presence and growth,’ Wood said. ‘We are very grateful to Arena and the Australian government for this critical support.’
Gelion said the grant complements recent strategic progress, including a materials testing agreement with a tier-one battery manufacturer and a collaboration with Germany’s Max Planck Institute.
Shares in Gelion were up 1.5% at 24.35 pence in London on Tuesday afternoon.
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