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Gelion PLC ( (GB:GELN) ) just unveiled an update.
Gelion PLC has announced an equity fundraising of up to £2.1 million to advance its strategic partnership with the Max Planck Institute, expand its business development workstreams, and support its Integration Solutions business. The fundraising, which includes a Placing, Subscription, and Retail Offer, aims to leverage Gelion’s sulfur battery technology to overcome historical challenges and achieve broad commercial application, positioning the company as a key player in the renewable energy storage market.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focusing on sulfur battery technology, aiming to establish itself as a leader in the renewable energy storage industry. The company is involved in strategic partnerships and collaborations to enhance its technology and market presence.
YTD Price Performance: -39.71%
Average Trading Volume: 53,566
Technical Sentiment Signal: Buy
Current Market Cap: £15.22M
See more insights into GELN stock on TipRanks’ Stock Analysis page.