Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Gelion PLC ( (GB:GELN) ) is now available.
Gelion PLC has completed the factory acceptance testing for a 4MWh battery energy storage system (BESS) and is delivering it to Borg Group’s sites in Australia, marking its first revenue recognition of £780,000. This milestone highlights Gelion’s growing presence in the energy storage market, with plans for further BESS installations and a strong sales pipeline across various industries. The successful deployment of these systems is expected to enhance Borg Group’s sustainability efforts and reduce energy costs, positioning Gelion as a key player in the transition to renewable energy solutions.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation battery technologies such as 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 its subsidiaries in Australia and the UK, providing innovative battery technologies and integrated system solutions to support the transition to a sustainable economy.
YTD Price Performance: -39.71%
Average Trading Volume: 53,566
Technical Sentiment Signal: Buy
Current Market Cap: £15.22M
For detailed information about GELN stock, go to TipRanks’ Stock Analysis page.