Report

Flash note: Electric vehicle programme with Nissan

In March Ceres Power announced it was leading a UK government-backed consortium, including a global automotive company, to trial its Steel Cells with a view to extending the range of electric light commercial vehicles. It has now announced that the automotive company is Nissan, which has recently announced its intention to develop the world’s first solid oxide fuel cell (SOFC) powered vehicle system running on bio-ethanol electric power. The programme takes Ceres into a new sector, complementing its activities in distributed power for residential and commercial properties and data centres.
Underlying
Ceres Power Holdings PLC

Ceres Power Holdings is a fuel cell technology and engineering company. Co. is working with partners to embed its SteelCell™ technology in mass-market energy products for the commercial, residential and transportation markets. SteelCell™ is Co.'s Solid Oxide Fuel Cell. SteelCell™ is a perforated sheet of steel with special screen-printed ceramic layers that electrochemically convert a variety of fuels directly into power. The principal activity of Co.'s subsidiary, Ceres Power Ltd is the commercialisation and continued development of Co.'s fuel cell technology.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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