Ceres Power expands Bosch partnership as it moves towards mass manufacturing
"We are delighted that our relationship with our trusted partner Bosch goes from strength to strength," said chief executive Phil Caldwell
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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Beowulf Mining* (AIM:BEM) – Ex Swedish Minister appointed as NEC Ceres Power (LON:CWR) – Doosan to develop ceres-based marine fuel cell system. Invinity Energy Systems (AIM:IES)– EMEC use flow batteries and tidal power to produce hydrogen (
Ceres Power says its technology to be used in marine propulsion pilot programme
Marine applications could represent a significant expansion of Doosan's future business for the Ceres solid oxide fuel cell technology beyond the established stationary power market
Ceres Power shares get price target hike from Berenberg on Doosan deal
South Korea's Doosan is using the technology to manufacture a combine-heat-and-power unit for commercial buildings
Ceres Power inks fuel cell manufacturing deal with Doosan
“We are absolutely delighted to welcome Doosan as a strategic manufacturing partner," said chief executive Phil Caldwell
Hydrogen investment 101: what's all the excitement, how will it work, which companies are involved?
Everything (well, lots) you always wanted to know about hydrogen but were too afraid to ask
Ceres Power: Liberum says the shares offer 'compelling value' as the broker lifts its price target
The broker has moved its marker to 720p - up from 540p
Ceres Power says trading remains strong
Despite the challenging business environment, Cres continues to deliver top-line growth with revenue and other operating income up 21% to £19.9mln (2019: £16.4mln) in the fiscal year just ended.
Hardware & electrical equipment
Citi sees Ceres Power as part of the nascent green hydrogen revolution as it initiates coverage with a 'buy'
“Favourable policy could prove a boon to suppliers of electrolysers, fuel cells and renewables, although existing suppliers of fossil fuel equipment will need to adapt to a range of new fuel sources,” the American bank's analysts said
Ceres Power tipped as likely winner in fuel cell race
On a modestly favourable penetration rate of SteelCell in the stationary power market, Berenberg gets to a price target of 580p
Hardware & electrical equipment
IP Group extends divestment programme selling 5.4% of Ceres Power shares
It comes as IP Group continues to advance a broader programme of disposals and portfolio realisations.
Ceres Power update reveals a robust performance
The clean energy specialist performed well financially and operationally
Ceres Power appoints Bosch and Weichai representatives to its board
Uwe Glock is representing German company Robert Bosch and Qinggui Hao is the nominated representative of China's Weichai
Ceres Power applauded for choice of 'tech savvy' new chairman
The broker retained its 540p target and ‘buy’ rating following Finegold’s appointment.
Ceres Power appoints Warren Finegold as its non-executive chairman with immediate effect
He succeeds Alan Aubrey who has served as chairman of Ceres since December 2012 and will remain a non-executive director to ensure a smooth handover of responsibilities before retiring from the board on September 28
Hardware & electrical equipment
Ceres Power weak as IP Group reduces its holding via a secondary placing which saw “significant investor demand”
The FTSE 250-listed group sold 12,250,000 ordinary shares in Ceres Power at a price of 425p each, having upsized the proposed transaction from an initial level of approximately 11 million ordinary shares
Ceres Power appoints Ricardo executive Mark Garrett as its chief operating officer with effect from August 10
Garrett succeeds the company's current chief operating officer James Falla, who will leave Ceres in August 2020 to pursue other opportunities
ESG stock picks: 17 companies tipped to have "a positive impact on the world"
Among the 10 London-listed companies tipped on the list are Ceres Power, Sainsbury’s and Gym Group
Ceres Power says Weichai Power opts to maintain stake with £11.2mln investment
The Chinese group bought just under 3.5mln new shares
Ceres Power expects full-year revenues to grow by around a third
At the end of 2019, Ceres had a strong order book of £22mln and a pipeline of £50mln comprising a combination of staged licensing payments and engineering services.