Company
Ceres Power Holdings PLC
LON:CWR
Ceres Power Holdings PLC is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. The company's asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such Bosch, Doosan, Shell and Weichai, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living.
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FTSE 100 rallies for weekly gain; US markets higher as inflation eases; Gold stalls
The FTSE 100 ticked up on Friday, placing the index on course for a weekly gain
Ceres Power ups spending on electrolysis as green energy push continues
Ceres Power is now a FTSE 250 member
Ceres Power expects growth but also further delay over China JVs
Bosch and Weichai have reconfirmed their commitment to signing the China JVs this year but the hydrogen company is taking a prudent view
Ceres Power wins prestigious UK engineering award
The MacRobert Award recognises outstanding innovation, tangible societal benefit and proven commercial success
FIVE at FIVE: FTSE 100 higher, Primark pay rises; Ceres’ Green Day bump; Rolls-Royce goes nuclear; Sony VR2 headsets wow
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Weichai launch shows commitment to Ceres Power partnership, says broker
Under test at Weichai's fuel cell industrial park the system has been running for more than 30,000 hours.
Ceres Power hails launch of stationary fuel cell system by Weichai
The SOFC system has also been granted EU CE certification
Ceres Power's China joint ventures timeline pushed back
All parties remain committed to the deal and the structure has been agreed upon, said the statement
Ceres Power publishes sustainability report ahead of main market move
“Our inaugural Sustainability Report captures our commitments to and progress towards building a long-term, future-proofed business," said Phil Caldwell, Ceres CEO and ESG committee chair
Ceres Power expects to sign China JVs in next three months
Once the agreements have been signed the JVs will be established
Ceres Power says making 'good progress' toward finalising China JVs
Revenues from the China JV contracts are expected to be weighted to the second half of this year, the company said
FIVE at FIVE: FTSE100 bounds ahead; Shell in hydrogen tie-up; Amigo to offer RewardRate loans; Aldi eyes new stores; Brickbats for construction
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Ceres Power's partnership with Shell a 'milestone' says Berenberg
The deal underlines the current appetite from energy majors to consider solid oxide within the technology mix for hydrogen production
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Ceres Power and Shell form green hydrogen partnership
"Today's announcement with Shell is a hugely important step for Ceres," said Phil Caldwell, Ceres‘ chief executive
Ceres Power can add hydrogen electrolysis partner this year, believes Berenberg
“With the market backdrop for hydrogen increasingly supportive, we remain conviction buyers"
Ceres Power sets sights on 'big opportunity' in hydrogen as revenues climb
"Ceres now has the potential to address an even greater market for electrolysis"
Ceres Power appoints Trine Borum Bojsen as non-executive director
“Ceres has a truly fascinating technology - and I am excited to be working with the board and the management team to capitalise on its many applications to support the energy transition agenda," she said in a statement.
EU's energy reboot should have “significant benefit” for hydrogen companies, say analysts
The EU's plan foresees an annual 20.6MT of renewable hydrogen by 2030, which would require around 200GW installed electrolyser capacity from Europe and its neighbours
EU launches plan to wean itself off Russian gas, says case for clean energy 'has never been stronger'
The European Commission President Ursula von der Leyen said the bloc needed to "act now to mitigate the impact of rising energy prices, diversify our gas supply for next winter and accelerate the clean energy transition"
Ceres Power partners with Nuneaton-based group tp develop fuel cell testing products
"Ceres is making a significant investment in the UK, aligned with the Government's hydrogen strategy and principles"
Ceres Power tipped as a ‘buy’ as Berenberg says its more optimistic on hydrocarbon in 2022
Analysts at the European bank described 2021 as a 'rollercoaster' for hydrogen but said they are more confident looking ahead to the rest of 2022.
Ceres Power's new China JVs exceed expectations, says Berenberg
Analysts calculated that the last closing share price of 517p implied the group will reach circa £200mln in sales by 2035 - "however, we think it could be 5x higher"
Ceres Power soars on partnership with Bosch and Weichai to target Chinese fuel cell market
Two separate joint ventures will be formed in Shandong Province
Hydrogen shares offer buying opportunity after market sell-off, says Citi
Meanwhile, JPMorgan expressed caution about European electrolyser OEMs and prefers “more fuel cell focused” H2 names
Hydrogen deal flow continues in 2022, with analysts confident of long-term investment opportunity
As of January 2022, 26 countries have national hydrogen strategies in place, of which half were launched in the past year and many include electrolyser capacity targets
Ceres Power analysts optimistic about Weichai joint venture progress
Broker Liberum reiterated its 'buy' rating and house broker Berenberg saw several upcoming catalysts as likely
Ceres Power hits targets for 2021 and eyes partners' progress in 2022
Korean partner Doosan is preparing for a soft launch of its first fuel cell product this year, and in December announced a £89mln investment to build fuel cell manufacturing plant to begin production in 2024
Jefferies clients bullish on Ceres Power as analysts keep faith in green hydrogen companies
Companies will need to keep bid pipelines and order books ticking up to sustain share prices until regular profits are made
Ceres Power to take 8.4% stake in long-duration energy storage company
RFC Power specialises in developing novel flow battery chemistries for energy storage systems. Ceres will get a close look at the technology as it helps develop and commercialise it.
Ceres Power names Smiths Group's Lakin as new CFO
Eric Lakin is joining from Smiths Group, where most recently he was CFO at Smiths Interconnect
Ceres Power could benefit from France and Japan's move into nuclear and clean hydrogen, says American bank
The company's shares were up 6% in early afternoon trading
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Ceres Power reports commercial and financial progress in first half
The group and its partners agreed several encouraging deals during the first half, while stepping up investment in research and development, with around 100 staff hired
Ceres Power apppoints former McLaren tech chief as new CTO
Current CTO Mark Selby will now build and lead a new team focused on developing new technologies beyond the established solid oxide portfolio
Ceres Power should be a core position for investors in energy transition - Liberum
The stockbroker sees substantial upside for Ceres as it advances its fuel cells and electrolysis businesses.
Ceres Power awarded funding for two ship emission projects
Shipping accounts for over 2% of global greenhouse gas emissions
New UK hydrogen fund has 40 companies in its sights
“The UK has missed the boat on batteries, a sector dominated by China and the Far East, but we can be global leaders in the production and supply of hydrogen,” said the fund co-founder Jo Bamford
Ceres Power Korean partner making progress with new 10KW fuel cell system
Doosan Corporation has completed development work and is ready to begin a small-scale roll-out next year
UK launches hydrogen strategy with plan to switch a third of households over by 2030
Public consultations have also been launched to find a preferred hydrogen business model to help bridge the gap in costs with fossil fuels, and on the design of a £240mln Net Zero Hydrogen Fund
Ceres Power reiterates forecasts following strong revenue growth in first half
In an update for the six months to June 30, the fuel cell specialist reported revenue and operating income of around £17mln, up from £8.9mln a year ago
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Hydrogen shares have found a base, says Citigroup
“Better order momentum” is seen in the second half of 2021
Ceres Power impresses with technology demonstration, says broker
“The key benefit of using SOEC technology to generate this hydrogen is its efficiency"
Ceres Power appoints Professor Dame Julia King as an independent non-executive director
Baroness Brown is a Fellow of the Royal Academy of Engineering, a Fellow of the Royal Society and was awarded a DBE for services to higher education and technology
Ceres Power bounces as broker spells out clean energy opportunity
New modelling points to revenues of £750mln-1,200mln by 2035 just from fuel cells alone
Ceres Power recruits former ARM Holdings executive as a new independent director
Tudor Brown will take up the role with the fuel cell and electrochemical specialist at the start of next month
Ceres Power partner Doosan strikes fuel cell deal with world's largest shipbuilder
Doosan Fuel Cell Co will work with Korea Shipbuilding & Offshore Engineering to jointly develop a megawatt-class solid oxide fuel cell system using Ceres' technology
Ceres Power completes fundraising to accelerate development of fuel cell technology
The fundraising, which has been backed by engineering giant Bosch and Chinese engine maker Weichai Power, raised gross proceeds of £181mln through a share placing and subscription
Hydrogen project pipeline tops $300bn, UK installs hydrogen homes, progress for solid-oxide electrolysis
A recent pull-back in hydrogen equipment companies’ share prices “was not directly related to hydrogen fundamentals”, analysts at Citigroup also said this week
Ceres Power revenues ahead of target as fuel cell production scales up
Orders and the pipeline at the end of the period were £54mln and £44mln respectively
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