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 [...]
