GCIGelion acquires lithium sulfur IP from University of Sydney, accelerates shift towards renewable energy sources
has announced today the acquisition of IP assets related to sulfur cathodes, electrolytes, and additives from the University of Sydney. The acquisition includes future cooperation from the University and was exercised after Gelion's recent acquisition of the IP portfolio from Johnson Matthey.
Along the recent acquisition of Johnson Matthey's battery IP portfolio, the deal supports Gelion's Lithium Sulfur and Lithium Silicon Sulfur offerings, which have the potential to improve battery safety, increase energy density, and lower costs. Gelion is committed to accelerated technology development and is exploring the potential to establish a pilot scale manufacturing capability in the LiSiS space with other major industry participants.
On top of this, Gelion has been selected by Supercharge Australia to participate in the "Supercharge Australia Innovation Challenge," which supports lithium battery innovation and aims to capture more value from the lithium battery supply chain.
Gelion intends to use the opportunity to extend the visibility and understanding of its LiSiS initiative, which has the potential to be a game-changer for e-aviation and provide better battery performance and safety for electric vehicles. Additionally, Gelion hopes to develop important connections within the Australian and global supply chain through this initiative.
John Wood, Chief Executive of Gelion commented: “Building on the IP acquisition from Johnson Matthey, I am very pleased with the acquisition of sulfur cathode IP from the University of Sydney as we assess the value of this IP to now be multiple times higher than initially anticipated.
I am encouraged by the progress we have made over the last few months and am confident in the plans we have, to deliver the best performance building on Gelion's strong IP and team resources for the benefit of our shareholders."
View from Vox
The news of Gelion’s acquisition of IP assets from the University of Sydney demonstrates that the company is strategically positioning itself as a market leader in lithium battery technology, at a time when transport systems will increasingly rely on the mobile storage of renewable energy.
The combined acquisitions of the IP portfolios will further strengthen Gelion's performance additives division. This division is focused on developing sulfur cathodes that, when combined with existing lithium-ion and lithium-ion silicon battery anode technologies, can improve lithium-ion battery safety, increase energy density, and reduce costs. As such, this presents a compelling commercial proposition for markets such as electric vehicles, e-aviation, and drones.
Amplifying energy density and safety will increasingly become a priority to match the projections of the EV market expansion. Bloomberg New Energy Finance says that by 2030 the EV market will reach US$7 trillion and US$46 trillion by 2050. On top of this, hybrid e-aviation is expected to become available as early as 2026, allowing for commercial short-haul flights to become carbon-neutral. By 2040, the entire transportation system will be close to achieving full decarbonisation.
Gelion is well-positioned to help with the increase in energy density and safety that these EVs demand, assisting in expediting the shift toward renewable energy sources.
Follow Gelion for more news and updates .
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.