This month German engineering firm Bosch increased its stake in Ceres Power Holdings (LON:CWR) to around 18% from 4% following a share subscription, netting Ceres £38mln. It was Bosch that approached Ceres too, pinpointing Ceres steel fuel cell technology as potentially the best in the sector.
CEO Phil Caldwell tells Proactive London why this deal is significant for the business and how the rapidly-expanding Ceres intends to meet the scale up challenge.
Ceres has an impressive roster of other partners also seeking their pioneering fuel cell technology - which is focussed on the decentralisation of power. Key among them are Chinese engines giant Weichai Power, US engine maker Cummins and Japanese car makers Nissan and Honda.