Sticking with Berenberg on this one!10 Oct 2023 16:58
Well I have done my research on CWR and happy to get in at what I consider a bargain basement price. Bosch on the SOFC side showing Ceres cells & stacks in their promotionals and one factory already producing cells and stacks. They are also pushing their ability to scale up at speed. Ceres Bosch Linde collaberation on the SOEC side has 1MW electrolyser which is sure to turn some heads at the World Hydroden Energy Summit next week. Winners of the MacRoberts award for Engineering Innovation. Winners of the Impact Technology of the year award. Rob Leah, one of their top scientists, winner of the Amourers & Braisiers award for successful application of novel materials science & technology in practical engineering. All of these are highly prestigeous awards up against world class competition. Doosan nearing completion of its own mega factory to produce Ceres cells & stacks. Weichai using Ceres stacks in its promotional material outlining its vision for the future. Yes politics have played a role in slowing this down but its far from dead in the water with them reiterating the importance of their relaitionship with Bosch and putting one of their senior company figures on the Ceres board. They certainly don't seem to have changed from the Ceres stack in their promotional material. Not to forget the Weichai & Bosch holdings in Ceres. Some would argue that this is peanuts for them but the important thing is that they have evaluated lots of different fuel cells and it is Ceres they appear to be going with. I have had a look round their R&D factory in Horsham and really impressed. Likewise the Redhill factory was set up to prove their product could be scaled up and has been a very successful model. The company has now done exactly the right thing in handing over the large scale production to the likes of Bosch & Doosan while they concentrate on next generation. This is how they will stay ahead of the game. At the end of the day it will boil down to cost of production, lifetime & efficiency. I would always reiterate that everybody should carry out their own research and treat everything they read as potentially false information, including this and make up their own minds. If anyone comes across a company with more potential than this over the next year, please let me know.
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