Gelion PLC Completes BESS Testing and Secures First Revenue

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

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