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Gelion PLC ( (GB:GELN) ) has shared an update.
Gelion PLC has successfully installed a 4-megawatt hour battery energy storage system (BESS) for Group Energy Pty Ltd, a Borg Group company, marking a significant step in its operations. The installation, which is in the advanced commissioning stage, is part of Gelion’s strategy to expand its BESS pipeline across various sectors in Australia. This project is expected to deliver energy cost savings and sustainability benefits to Borg Group while also providing frequency response services to stabilize the energy network. Gelion’s collaboration with Group Energy is set to continue with plans for larger BESS projects, enhancing its industry positioning and offering potential benefits for stakeholders.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation battery technologies, including Sulfur-based, Lithium-Sulfur, Sodium-Sulfur, and Zinc-based hybrid cells. The company is listed on the London Stock Exchange’s Alternative Investment Market and operates through subsidiaries in the UK and Australia. Gelion is committed to supporting the transition to a sustainable economy by delivering innovative battery technology and commercial Battery Energy Storage Systems (BESS) projects.
Average Trading Volume: 128,616
Technical Sentiment Signal: Buy
Current Market Cap: £42.44M
Find detailed analytics on GELN stock on TipRanks’ Stock Analysis page.