Ceres Power - Powering EV -BUY PT 20p
Ceres Power reported its results for the year to June 2017. They are slightly ahead of the numbers released at the IMS on the 14th June, with sales, EBITDA and importantly cash held ahead. In the meeting management discussed the opportunity for their residential CHP product to charge electric vehicles(EV). This is an important shift in focus and is additive to the commercial and data centre opportunity. Electric vehicle adoption will place significant demands on electric power generation and presents a significant opportunity for Ceres Power.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.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.