A battery storage developer spun out of the University of Sydney plans to list in London to raise more than £16m to commercialise its technology.

Autralia-based Gelion Technologies is expected to be valued at around £120m when it floats on Aim next month, having already raised cash from investors including Regal Funds Management and Elphinstone Group.

The company’s zinc-bromide batteries use an electrolyte gel rather than having to pump through a liquid solution, cutting size and cost.

Read the full story here in the Daily Telegraph.