viewCeres Power Holdings PLC

Ceres Power revenues on strong upward path


  • Ceres Power awarded funding for two ship emission projects
  • Hydrogen investment 101: what's all the excitement, how will it work, which companies are involved?
  • Ceres Power should be a core position for investors in energy transition - Liberum
  • Ceres Power says its 'right time to grow into world class player' after completing £181m fundraise
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Quick facts: Ceres Power Holdings PLC


Price: 1135 GBX

Market Cap: £2.16 billion

About the company

Ceres Power Holdings Plc is a world-leading developer of next-generation solid oxide fuel cell (SOFC) and electrochemical technology. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange (LSE) (AIM:CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

How it is doing

15 Sep 2021

Ceres Power Holdings PLC (LSE:CWR) has received funding for two separate projects as part of the Clean Maritime Demonstration Competition.

Run by the UK Department for Transport and delivered in partnership with Innovate UK, the £23mln initiative will aid 55 projects focused on the development of zero-emission vessels by 2025.

The two projects in which Ceres is involved will evaluate the most effective means to integrate its solid oxide fuel cell (SOFC) technology in megawatt-class cruise ship applications.

A consortium involving GE Power Conversion, MSC (Mediterranean Shipping Company) and Lloyd's Register, will explore how best to address the barriers to the adoption of fuel cells in large vessels.

07 Sep 2021

A UK hydrogen investment fund is raising £1bn ahead of the Cop26 climate change summit in Glasgow this year to speed up the production and supply of green hydrogen.

HyCap has been set up by Jo Bamford, heir of the JCB diggers empire, and Vedra Partners, a boutique private equity firm. 

01 Sep 2021

Ceres Power Holdings PLC (LSE:CWR) (LON:CWR) said its Korean partner plans a small-scale roll-out of a solid oxide fuel cell (SOFC) system for buildings and houses next year.

Doosan Corporation is doing so after completing development work on a 10-kilowatt unit, which uses two of Ceres’ 5KW SOFC stacks.  

Insight: Hydrogen investment 101: what's all the excitement, how will it work, which...

19 Oct 2020

Shares prices in hydrogen-focused companies have finally begun to make serious headway this year as governments have started to set out concrete zero-carbon targets.

As we're only in the early stages of the hydrogen journey there's still likely to be significant opportunities for investors who want to dive deeper into this sub-sector. 

What the brokers say

17 Sep 2021

Ceres Power Holdings PLC (LSE:CWR) should be a core position for portfolio managers seeking exposure to the energy transition, so says stockbroker Liberum Capital.

Liberum rates Ceres as a ‘buy’ with a 1,460p price target, suggesting close to 25% upside to the current price of 1,179p.

Analyst Adam Collins highlighted, in a note, the opportunities for the company in regards to fuel cells and electrolysis which he estimates are worth 700p and 620p per share respectively to the company - the remainder of the analysis accounts for the other 140p per share of cash on the books.

What management says

18 Mar 2021

Ceres Power Holdings PLC's (LON:CWR) Phil Caldwell talks to Proactive London about the completion of a £181mln fundraising through both a placing and subscription.

Caldwell says it is the right time, to capitalise on the 'great momentum' as well as accelerate the development of its hydrogen electrolysis and fuel cell technology.

Caldwell says it's the 'right time to grow into a world class player and this capital raise really enables us to do that'. He adds, 'we're now in great shape for the future'.

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Ceres Power CEO outlines partnership strategy at TechCapital

Fuel cell developer Ceres Power demonstrated its products and ambitions at the conference. Chief executive Phil Caldwell said the UK-based company wanted to tap-in to the Japanese market, and outlined plans to develop more applications of its technology. Caldwell added that, moving forward,...

on 02/10/2016

4 min read