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Versarien ( (GB:VRS) ) has issued an announcement.
Versarien Plc’s subsidiary, Gnanomat, has been awarded a substantial grant of approximately €804,000 to advance its GnanoCaps technology, an eco-friendly energy storage solution. This grant will cover 70% of the anticipated costs over a 24-month project, elevating the technology readiness level of GnanoCaps, which combines the benefits of supercapacitors with enhanced safety features. The funding is expected to boost the technology’s potential applications in various sectors, including electric vehicles and industrial environments, contributing to Versarien’s strategic growth in the energy storage market.
More about Versarien
Versarien Plc is an advanced engineering materials group that primarily focuses on developing innovative materials technologies. The company has a significant stake in Gnanomat S.L., which specializes in advanced materials for next-generation energy storage devices.
YTD Price Performance: -84.55%
Average Trading Volume: 74,945,421
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.28M
See more data about VRS stock on TipRanks’ Stock Analysis page.