Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCeres Power Regulatory News (CWR)

Share Price Information for Ceres Power (CWR)

Share Price is delayed by 15 minutes
Get Live Data
557.50    -14.00 (-2.45%)
Bid:
566.00
Ask:
569.00
Spread: 3.00 (0.53%)
Market Cap: £1.09b
CWR Live PriceLast checked at - London Stock Exchange

Intraday Ceres Power Share Chart

FUEL CELL MILESTONE ACHIEVED

30 Sep 2008 07:00

RNS Number : 6191E
Ceres Power Holdings plc
30 September 2008
 



30 September 2008

Ceres Power Holdings plc

('Ceres', 'Ceres Power' or the 'Company')

Fuel Cell Module meets Alpha phase target on schedule

Ceres Power announces that it has successfully built and tested a 1kW Fuel Cell Module meeting the performance, size and weight requirements under the Alpha Phase of the CHP programme with British Gas. This represents the successful achievement of the Q3 2008 milestone of the CHP product roadmap set out in the British Gas CHP update on 24th June 2008. 

The Fuel Cell Module is the 'electrochemical engine' that quietly and efficiently converts fuel and air into electricity and heat and is at the heart of the Group's integrated wall-mountable residential Combined Heat and Power (CHP) product. The close-coupled Fuel Cell Module consists of the Fuel Cell Stack integrated with fuel processing and heat exchange balance of plant elements.

The Fuel Cell Module was operated on three different fuel types: mains natural gas, methane and propaneOn each fuel, idelivered a maximum electrical output of just over 1kW and was operated over a broad range of power outputs demonstrating its controllability and efficiency The core Fuel Cell Stack within the integrated Fuel Cell Module demonstrated a heat to power ratio of better than 1:1 and was built using Ceres Power fuel cells made by scaleable manufacturing processes.

The Ceres Power value engineering programme has resulted in a major reduction in component part count. This has been achieved using innovative systems integration and through pre-assembly of balance of plant elements by supply chain partners as a core part of the design for manufacture strategy 

The Fuel Cell Module has been packaged to fit overall dimensions of 205mm by 305mm by 305mm. Including its thermal insulation it weighs less than 25kg, meeting the Alpha CHP product targets. Together, these size and weight achievements enable the CHP product to be wall mountable and easy to installessential to maximise mass market access.

The achievement of the Fuel Cell Module milestone underpins the subsequent Alpha milestones in Ceres Power's CHP programme with British Gas, namely the Alpha CHP product build due to be completed in Q4 2008 and tested through Q1 2009.

Gearoid Lane, Director British Gas New Energy, commented:

"We are pleased with the recent progress under our new contract with Ceres Power. The programme is on track to deliver as planned and we look forward to the testing of the Alpha CHP Product early in 2009." 

For further information contact:

Ceres Power Holdings plc

Peter Bance, Chief Executive, Ceres Power

Tel. +44 (0) 1293 400404

Gavin Anderson & Company

Tel. +44 (0)20 7554 1400

Ken Cronin/Deborah Walter/Robert Speed

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPUUACBUPRGQB
Date   Source Headline
20th Oct 20165:14 pmRNSHolding(s) in Company
20th Oct 20165:13 pmRNSHolding(s) in Company
20th Oct 20165:11 pmRNSHolding(s) in Company
19th Oct 201612:22 pmRNSHolding(s) in Company
14th Oct 20169:51 amRNSResult of General Meeting and Directors' Interests
13th Oct 20167:00 amRNSNotice of Final Results
29th Sep 20164:23 pmRNSGrant of Long Term Incentive Plan Awards
28th Sep 20161:46 pmRNSCeres Power confirms successful £20 million raise
28th Sep 201612:05 pmRNSCeres Power Proposed Placing to raise £20 million
6th Sep 20167:00 amRNSCeres Power to Trial Home Power Systems in the UK
1st Sep 20167:00 amRNSCeres & Cummins US DOE Award for Data Centre Power
8th Jul 20167:00 amRNSAdoption of FRS 101 - Reduced Disclosure Framework
28th Jun 20167:00 amRNSCeres Power to Develop SOFC for Electric Vehicles
20th Jun 20167:00 amRNSBlocklisting Return
1st Jun 20167:00 amRNSTotal Voting Rights
3rd May 20167:00 amRNSTotal Voting Rights
1st Apr 20162:44 pmRNSTotal Voting Rights
23rd Mar 20167:00 amRNSGrant of Share Options under the Sharesave Scheme
22nd Mar 20167:04 amRNSCeres Funding for Electrical Vehicle Applications
25th Feb 20167:00 amRNSHalf Yearly Report
23rd Feb 20167:00 amRNSCeres Power Scales Up Production Capability
5th Feb 20167:00 amRNSNotice of Interim Results
2nd Feb 20167:00 amRNSCeres Power signs new OEM Evaluation Agreement
25th Jan 20162:54 pmRNSHolding(s) in Company
18th Jan 20167:00 amRNSCeres Power and Honda Sign New JDA
24th Dec 20157:00 amRNSHolding(s) in Company
21st Dec 20157:00 amRNSBlock Listing Return
2nd Dec 20152:54 pmRNSResult of AGM
2nd Dec 201511:08 amRNSHolding(s) in Company
2nd Dec 20157:00 amRNSTechnology Update, New Markets and Applications
7th Oct 20157:00 amRNSFinal Results
5th Oct 20157:00 amRNSChange of Adviser
11th Aug 20157:00 amRNSNotice of Preliminary Results
22nd Jun 20157:00 amRNSBlocklisting Interim Review
18th Mar 20152:59 pmRNSHolding(s) in Company
11th Mar 20157:00 amRNSHalf Yearly Report
24th Feb 20157:00 amRNSNotice of Results
10th Feb 20157:00 amRNSAppointment of Non-Executive Director
2nd Feb 20157:00 amRNSBlocklisting Interim Review
22nd Dec 20147:00 amRNSBlocklisting Interim Review
22nd Dec 20147:00 amRNSBlocklisting Interim Review
19th Dec 20144:25 pmRNSGrant of Share Options under Sharesave Scheme
3rd Dec 20143:30 pmRNSResult of AGM
19th Nov 20144:40 pmRNSSecond Price Monitoring Extn
19th Nov 20144:35 pmRNSPrice Monitoring Extension
10th Nov 20147:00 amRNSFinal Results and Notice of AGM
30th Oct 20143:24 pmRNSDirectorate Change
29th Oct 20147:00 amRNSCeres signs Joint Development Agreement
24th Oct 20147:00 amRNSNotice of Results
6th Oct 20141:35 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.