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Ceres Power on track to see full year revenues more than double

Phil Caldwell, chief executive of Ceres Power Holdings PLC (LON:CWR), speaks to Proactive London's Andrew Scott after recently announcing their half-year results to December 2018.

Caldwell says full year revenue and other operating income's on track to more than double for the fourth successive year to more than £15 million.

Ceres is the brains behind the SteelCell, a low-cost, next-generation fuel cell, which is in its fifth iteration.

The firm has deals with Robert Bosch and Chinese engineering giant, Weichai - field trials have begun with large manufacturers, while there is a healthy pipeline of potential partners at the evaluation stage.

Quick facts: Ceres Power Holdings PLC

Price: 215 GBX

Market: LSE
Market Cap: £329.22 m

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Ceres Power develops first zero-emission hydrogen fuel cell system

Ceres Power PLC's (LON:CWR) Phil Caldwell caught up with Proactive London's Andrew Scott following the news they've developed its first zero-emission combined heat and power (CHP) system - designed exclusively for use with hydrogen fuel. He says the hydrogen CHP is simpler than its existing...

2 weeks ago

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