Ceres Power higher as it launches first fuel cell system in Japan
The system, developed in partnership with boiler maker Miura, will comprise a 4.2-kilowatt heat and power unit targeting Japan’s commercial building sector
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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The fuel cell developer said in a trading update that revenues and other operating income were expected to reach £15mln in the year, up from £7mln in 2017
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