Global law firm Clifford Chance has advised battery technology company Gelion on a joint development agreement with global diversified resources company Glencore to deploy battery technologies in the decarbonisation of the mining sector.
The agreement between Gelion and Glencore will leverage expertise from both companies to coordinate and assess opportunities for battery technology innovation. Gelion and Glencore intend to explore the use of Gelion’s technologies in Glencore’s stationary and/or mobile applications, as well as potential synergies in relation to the supply of materials to Gelion and future recycling of batteries.
Lead partner Nadia Kalic said, “The integration of cutting-edge battery technology into the resources sector is a game-changer, offering a sustainable and efficient solution to one of the most energy-intensive industries in the world. We are delighted to be supporting Gelion on this collaboration with Glencore towards decarbonisation.”
Nadia was supported by a team including senior associate Emily Yung, associate William Lucas and law graduates Vivian Lee and Patricia Veng. Partner Ling Ho advised on the IP aspects of the transaction.
Based in the UK and Australia, Gelion is a global renewable-energy storage company focused on designing and manufacturing zinc hybrid and lithium sulfur based batteries. It is listed on the AIM market of the London Stock Exchange.
Swiss multinational commodity trading and mining company Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of over 60 commodities worldwide.
This transaction builds upon Clifford Chance’s deep expertise in advising companies on their decarbonisation strategies, including the development of battery technologies. The firm previously advisedĀ Gelion on its agreement with Ionblox to jointly develop lithium silicon sulfur batteries, onĀ EV battery maker CALB’s US$1.3 billion Hong Kong IPO,Ā EV maker Leapmotor on its strategic collaboration with Stellantis, andĀ the US Department of Energy on the financing for the expansion of a facility producing anode material for EV batteries.
