‘Real beacon’: battery tech company to list on UK market in first for University of Sydney
by Peter Hannam from Environment | The Guardian on (#5SATV)
Zinc-bromide gel is safer, longer-lasting, cheaper form of storage than lithium batteries, creators say
A developer of new low-cost, fire-resistant battery technology spun out of the University of Sydney is set to list on the London Stock Exchange.
The company, Gelion plc, will be the university's first market listing anywhere when it is scheduled to begin trading on the bourse's Alternative Investment Market on November 30. It raised 16m ($30m), giving the company a market capitalisation of 154m ($A285m), and allowing Gelion to accelerate the research and production of new storage products, primarily zinc-bromide batteries.
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