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Ceres Power Holdings announce 'significant milestone' deal with South Korean group Doosan

Ceres Power Holdings' (LON:CWR) Phil Caldwell talks to Proactive London about the 'significant milestone' of an agreed expanded collaboration with South Korean group Doosan.

The deal involves the licence to manufacture the UK company's proprietary solid oxide fuel cell stacks - with 'the world's leader in this sector'.

The Doosan deal is worth £43m in addition to future royalties in this 'extremely progressive market'.

Quick facts: Ceres Power Holdings PLC

Price: 830 GBX

LSE:CWR
Market: LSE
Market Cap: £1.42 billion
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Ceres Power Holdings delivers 'solid set of results' with over 20% revenue...

Ceres Power Holdings PLC's (LON:CWR) Phil Caldwell talks to Proactive London about their full year results which revealed 21% revenue growth despite the coronavirus (COVID-19) pandemic delaying some sales. Caldwell describes the report as a 'solid set of results' in which they have continued...

on 28/9/20

2 min read