Gelion PLC (GELN:AIM) delivered a highly positive investor update highlighting strong technology progress, commercialisation momentum, and disciplined financial performance across its lithium-sulphur battery strategy. Management positioned Gelion as the emerging “sulphur battery company,” targeting a fast-growing global cathode materials market expected to exceed $130bn by 2032, with its proprietary low-cost, high-energy sulphur cathode active materials designed as a drop-in alternative to NMC and LFP technologies. The company showcased major advancements in high-energy lithium-sulphur, drop-in pre-lithiated sulphur, and low-cost sodium-sulphur configurations — enabling high-performance batteries for drones, EVs, and mass-market energy storage with improved power, cycle life, and wide-temperature operation. Gelion emphasised the commercial validation provided by tier-one strategic collaborations including TDK Corporation and Kinetic, supported by UK and Australian government funding, with plans now expanding into the US market. Financially, Gelion reported first commercial revenue of £0.9m from its Integration Solutions division, a growing £17.5m pipeline, reduced cash burn, and its third consecutive year outperforming market expectations on revenue and adjusted EBITDA. A significantly oversubscribed £10.5m capital raise is now funding scale-up, commercial pouch cell development, US expansion, and strengthened working capital. The company also continues to build value through its Battery Minerals recycling subsidiary based on acquired Johnson Matthey IP. Overall, Gelion PLC’s investor presentation underscored accelerating commercial traction, a robust growth strategy, strong operating discipline, and a compelling position in next-generation battery innovation driving future revenue and margin expansion.