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SYDNEY - Energy storage company Gelion plc announced Tuesday the commencement of a AUD $4.8 million (approximately £2.3 million) grant from the Australian Renewable Energy Agency (ARENA) for its Advanced Commercial Prototyping Centre Project in Sydney.
The project, starting July 9, will receive matched funding from Gelion, bringing the total investment to AUD $9.6 million (approximately £4.6 million) over three years. The funds will support the development of the company’s sulfur battery technology, with ARENA covering 50% of both capital and operational expenditures.
Gelion will focus initially on scaling up production of Sulfur Cathode Active Materials (CAM), followed by expanding cell prototyping facilities. The company reported it has the necessary facility and team already in place, allowing for immediate project implementation with an initial capital investment of approximately £300,000.
The prototyping center aims to enable Gelion to scale production of sulfur CAM, produce and optimize next-generation Lithium Sulfur and Silicon Sulfur batteries, and facilitate testing with global partners and customers.
"We are very grateful to ARENA and the Australian government for this critical support for prototyping capabilities associated with the commercial progression of our Sulfur Battery technologies," said Gelion CEO John Wood in the press release.
The company stated its lightweight sulfur batteries are suited for applications in electric aviation, electric vehicles, and specific stationary energy storage uses, including remote power supply.
This development follows Gelion’s recent announcements of a materials testing agreement with a tier-one battery manufacturer, a strategic collaboration with Germany’s Max Planck Institute, and reported performance data showing power capability, longevity, and energy density.
Gelion is listed on the London Stock Exchange (LON:LSEG)’s Alternative Investment Market (AIM).
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