Ceres Power revenues on strong upward path

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  • Ceres Power reports commercial and financial progress in first half
  • Hydrogen investment 101: what’s all the excitement, how will it work, which companies are involved?
  • Ceres Power could benefit from France and Japan’s move into nuclear and clean hydrogen, says American bank
  • Ceres Power report ‘solid set of results driven by unprecedented demand for hydrogen and fuel cells
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Quick facts: Ceres Power Holdings PLC

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Ceres Power Holdings PLC is a world-leading developer of next generation solid oxide fuel cell (SOFC) and electrochemical technology.

The company’s asset-light, licensing model has seen it establish partnerships with some of the world’s largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan and Doosan in Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living.

30 Sep 2021

Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF, FRA:CFJA) continued to make progress with commercial deals for its solid oxide technology for hydrogen fuel cells and electrolysis, with partnership deals resulting in a near-doubling of sales in the first half of 2021.

Operating a licensing and royalty model, the AIM-listed company’s partner deals in the period included a commitment from Bosch to invest EUR400mln into its fuel cell business by 2024 and to install up to 100 small-scale stationary fuel cell power plants this year; a joint development programme with Weichai for a 30kW stationary power system and ongoing talks about establishing a joint venture to produce solid oxide fuel cell (SOFC) systems; while Doosan is preparing for a soft commercial launch of its 10kW fuel cell system using Ceres’ technology in 2022 as well as agreeing to team up with Hyundai Heavy Industries to develop a clean-energy marine propulsion and power generation system.

A strategic collaboration with engineering consultancy AVL List agreed late last year was also said to be progressing well, potentially enabling Ceres to reach into more end-market applications.

As of the 30 June half-year stage, Ceres’ order book stood at GBP42mln, with a further GBP43.8mln in the pipeline, being a combination of staged licensing payments and engineering services.

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23 Sep 2021

Ceres Power Holdings PLC (LSE:CWR) has appointed Caroline Hargrove, a founding member of McLaren Applied Technologies, as the company’s new chief technology officer (CTO).

Hargrove, who was technical director and lately CTO at McLaren as part of a 12-year association with the sister company of the McClaren Formula 1 team, has been a non-executive director at Ceres for three years.

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17 Sep 2021

Ceres Power Holdings PLC (LSE:CWR) should be a core position for portfolio managers seeking exposure to the energy transition, so says stockbroker Liberum Capital.

Liberum rates Ceres as a ‘buy’ with a 1,460p price target, suggesting close to 25% upside to the current price of 1,179p.

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19 Oct 2020

Shares prices in hydrogen-focused companies have finally begun to make serious headway this year as governments have started to set out concrete zero-carbon targets.

As we’re only in the early stages of the hydrogen journey there’s still likely to be significant opportunities for investors who want to dive deeper into this sub-sector.

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13 Oct 2021

(, ) and its peers could be key beneficiaries of France and Japan’s plans to expand their nuclear capacity in the quest for clean energy alternatives to fossil fuels.

That at least is the opinion of American investment bank Citi, which noted that hydrogen and nuclear-related stocks had been lifted by separate announcements by the two countries.

President Macron has unveiled a EUR30bn industrial investment plan that includes a nuclear modular reactor plus two mega-factories for the production of green hydrogen.

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30 Sep 2021

Phil Caldwell, Chief Executive of Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF, FRA:CFJA) (LON:CWR) joins Proactive London to discuss their first half results which saw revenue and other income up 96% to GBP17.4m, reflecting strong progress of commercial partnerships in SOFC (Solid Oxide Fuel Cells).

He reminds viewers of the successful raise in March of net GBP179m, supporting their expanded strategy into green hydrogen electrolysis, potential doubling of the addressable market.

With Weichai, discussions are progressing well on the JV and wider strategic relationship. And fuel cell power is being explored for new higher power applications and maritime.

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Ceres Power report ‘solid set of results driven by unprecedented demand for…

Phil Caldwell, Chief Executive of Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF, FRA:CFJA) (LON:CWR) joins Proactive London to discuss their first half results which saw revenue and other income up 96% to GBP17.4m, reflecting strong progress of commercial partnerships in SOFC (Solid Oxide Fuel…

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