Ceres Power Holdings PLC - Horsham, West Sussex-based solid oxide fuel cell developer - Signs strategic partnership with engineering consultancy group AVL List GmbH, for the acceleration of customer adoption and product development of solid oxide fuel cell technology for transportation, stationary or other applications.
New systems customers are expected to drive demand from Ceres's stack manufacturing licences.
"The potential for Ceres' technology to play a role in the decarbonisation of the global energy system is substantial, and this collaboration with AVL is a significant step in our strategy to accelerate its adoption in an expanded number of applications and markets," said Chief Executive Phil Caldwell.
Current stock price: 996.05 pence
Year-to-date change: up sharply from 262.00p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Ceres Power (CWR)