By Julian Singer On 19 October Ceres Power announced that it had expanded its strategic collaboration with the South Korean conglomerate Doosan. The original agreement in July 2019 consisted of licensing, technology transfer and engineering services for Ceres’s SteelCellTMsolid oxide fuel cell (SOFC). Apparently this has gone well, as in the new agreement Doosan will [...]
By Stewart Dalby For the past two years Ceres Power Holdings, the fuel cell group, has been a high- flying stock on London’s AIM. When we wrote about Ceres on 22 January this year we said: “The share price of Ceres Power Holdings has been increasing steadily from 213 pence at the end of November [...]
The share price of Ceres Power Holdings has been increasing steadily from 213 pence at the end of November to an all-time high of 352p today. This may well have been caused by Ceres’s announcement at the beginning of November that it was producing a new range of its SteelCellTM products that ran solely on [...]
Ceres Power Holdings seems to be on a roll following its decision back in the day to change its business model. For the second year running it has seen its revenues leap. This time revenue and other operating income for the year ended 30 June 2019 are, according to a trading update released on 9 [...]
Ceres Power Holdings is a manufacturer of a solid-oxide fuel cell known as the SteelCellTM.. The AIM-listed company is now making significant headway commercially by reaching deals to supply this unique proprietary technology to original equipment manufacturers (OEMs). This enables the OEMS to develop power systems on an industrial scale. This was not always the [...]
Ceres Power, the manufacturer of a solid-oxide fuel cell known as the SteelCellTM, has made three significant announcements in the last three months and has also produced final results for the year to 30 June 2018. The first announcement, on 2 August, was for a new partnership with Nissan and The Welding Institute (TWI), backed [...]
In our reporting on the renewable/alternative energy sector we have come across a number of start-up groups that have raised what seemed like large amounts of money. These funds were then spent establishing the commercial possibilities of their innovative – and sometimes unproven – products; and overcoming regulatory hurdles. This meant that revenues stayed low [...]
Ceres Power Holdings has reported a significant increase in revenue for the year ending June 30 2017, £4.1 million versus £1.7m for 2016, but still has a loss in earnings before interest, depreciation and amortisation of £10.3m (2016: £11.5m). Ceres’s strategy is to form partnerships with large manufacturers to whom it will sell or licence [...]
Ceres Power has announced that Nissan will join a consortium to develop a solid oxide fuel cell (SOFC) for electric vehicles. The consortium, which was announced in March, will receive £772,000 from Innovate UK and the Office for Low Emission Vehicles. Ceres Power will lead the group, which also includes M-Solv, an expert in laser [...]