Gelion Secures Funding to Advance Battery Recycling Technology
Why we think this is good
The RNS announcement indicates that Gelion's subsidiary, Battery Minerals, has successfully completed Phase 1 of the APC's TDAP program and secured additional grant funding to further develop its Lithium-Ion recycling technology. This suggests progress in the company's efforts to commercialize a cost-effective and sustainable recycling solution, which aligns with regulatory trends and industry needs. The funding and validation from the APC program are positive indicators for the technology's potential.
Key Points
- Gelion's UK subsidiary, Battery Minerals Ltd, has successfully completed Phase 1 of the APC's TDAP program
- Secured £100,000 of Phase 2 grant-funding and an additional £75,000 booster grant from the UK's Department for Business and Trade (DBT)
- Funding will be used to further develop Gelion's Lithium-Ion recycling technology
- Technology aims to provide a cost-effective and sustainable solution for battery waste processing
- Reduces the need for large-scale refineries and enables localized processing of battery waste
- Aligns with the EU's minimum recycled content targets for batteries
Summary
Gelion plc, the energy storage innovator, has announced that its UK subsidiary, Battery Minerals Ltd, has successfully completed Phase 1 of the Advanced Propulsion Centre UK's (APC) Technology Developer Accelerator Programme (TDAP) and secured £100,000 of Phase 2 grant-funding along with an additional £75,000 booster grant from the UK's Department for Business and Trade (DBT). This funding will be used to further develop Gelion's Lithium-Ion recycling technology, which the company believes can provide a cost-effective and sustainable solution for battery waste processing. The technology aims to reduce the need for large-scale refineries and enable localized processing of battery waste, aligning with the EU's minimum recycled content targets for batteries.