Gelion reports first revenue from energy storage system

LONDON - Gelion PLC (AIM:GELN), a global energy storage innovator, has announced the successful completion of factory acceptance testing for a 4-megawatt hour (MWh) battery energy storage system (BESS) and the recognition of its first revenue. The company will record £780,000 in revenue, which is approximately 80% of the order’s value, with the remaining 20% expected upon successful commissioning.

The 4MWh BESS, comprising two 2MWh units, is set for delivery to Group Energy Pty Ltd, a division of the Borg Group, with installations planned for sites in Somersby and Charmhaven near Sydney, Australia. The commissioning of the units is scheduled for June 2025, and they are anticipated to commence operations shortly thereafter.

This milestone marks the first revenue for Gelion’s Integration Solutions business, stemming from a total order value of £1.0 million. The company is targeting over £2.0 million in revenue from this segment for the fiscal year 2026, with a growing sales pipeline that includes potential customers from industries such as manufacturing, building materials, education, and property development.

John Wood, CEO of Gelion, expressed confidence in the BESS’s performance and highlighted the strong pipeline of potential customers looking to leverage energy storage in transitioning to renewable energy sources. John Borg, Managing Director of Borg Group, conveyed the group’s anticipation for the BESS units and their expected contribution to offsetting energy costs and supporting sustainability goals.

Each BESS unit is a fully integrated 20-foot container that includes 2 MWh of lithium-ion batteries and 1 MW of high-performance inverters, designed for the Australian frequency response market. Gelion will provide remote BESS monitoring software to maximize the systems’ lifecycle and return on investment.

The Borg Group plans to use the BESS to participate in the Australian frequency response market, conduct energy arbitrage, and reduce peak load costs, in line with its sustainability objectives. Gelion’s integration team is focused on providing BESS solutions ranging from approximately 100 kWh to 10 MWh to Australian commercial, industrial, and government customers.

This announcement is based on a press release statement and does not constitute an endorsement of Gelion PLC’s claims. The financial details and future projections are presented as reported by the company.

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