12th Feb 2025 09:49
(Alliance News) - Gelion PLC shares climbed on Wednesday as it reported a breakthrough in its solid-state battery technology.
The London-based battery technology company said it has shown that its proprietary Gen 3 Sulfur Cathodes are viable for full solid-state batteries, following testing by a "renowned European research institution".
Gelion shares climbed 9.2% to 13.10 pence in London on Wednesday morning.
This means the company can establish a "significant market presence" alongside traditional lithium-ion cathodes, the company said.
The firm said pairing the cathode material with solid-state components is expected to help improve battery longevity, make batteries lighter and avoid leakage and flammability risks.
"Despite their benefits, solid-state batteries require high capital investment for development of manufacturing capability, scalability, and to overcome material constraints," Gelion said.
Chief Executive Officer John Wood said: "Sulfur has the potential to be a game changer for battery technology and the energy transition.
"This progress allows Gelion to confidently demonstrate to our partners that our leading sulfur battery technology will be able to support their own objectives across the full scope as the industry progresses toward liquid, semi-solid-state, and full-solid-state outcomes."
By Michael Hennessey, Alliance News reporter
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