Research on Gelion PLC (GELN:LON) from Longspur Clean Energy
Gelion has successfully developed a battery cathode material platform that delivers the benefits of high-performance lithium ion but that could be produced in the West more cheaply than China today, levelling the playing field in this strategically important area. It is less dependent on critical minerals with the core sulfur component being highly abundant. And, while already offering high performance with the current graphitic anodes, it can also work with and enhance developing battery advances including lithium-metal, and hard-carbon anodes currently employed by sodium ion. Perhaps the biggest battery technology development for high performance batteries will be solid state electrolytes and Gelion are developing their cathodes here as well. The company has announced a collaboration agreement with Nissan to incorporate Gelion cathode chemistry into the automotive producer’s solid state cells which are due to be rolled out from 2028. We initiate on Gelion with a central case valuation of 153p per share.
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