Allenby Capital: Gelion plc - Update

The collaboration agreement involving Gelion plc (GELN.L), the sulfur battery company, Nissan Technical Centre Europe (Nissan) and the University of Oxford, represents a major endorsement of Gelion’s Nano-Encapsulated Sulfur (NES™) cathode for use in solid-state EV batteries and demonstrates its leadership position in sulfur battery innovation. The three-year Cost-effective, Resilient Solid-state Li-S (CoRe-SoLiS) project has a total cost of £3.4m with £2.4m in combined grant funding from Innovate UK, including an award of £1.6m to Gelion’s UK subsidiary. The project brings together Gelion’s sulfur-based NES™ cathode active material (CAM) with Nissan’s solid-state battery development capabilities for next generation EV batteries for a hi...