Ceres Power Holdings plc (LON:CWR) issued its quarterly earnings results on Monday, September, 28th. Ceres Power Holdings is pleased to provide a post period end trading update ahead of the announcement of its interim results for the 12 months ended 30 June 2020, which will be released on Monday 28 September. Ceres are pioneers of unique technology, delivering clean energy to address climate change and improve air quality. Ceres Power Holdings plc provided a post period end trading update ahead of the announcement of its audited results for the 18 months ended 31 December 2020, … TRADING UPDATES: Ceres Power eyes move to Main Market by mid-2022. Ceres Power Holdings plc ("Ceres", the "Company") (AIM: CWR.L), a global leader in fuel cell technology, is pleased to provide a post period end trading update ahead of the announcement of its interim results for the 12 months ended 30 June 2020, which will be released on Monday 28 September. Wed, 17th Mar 2021 18:40. Trading Update As the company experienced continued steady progress across existing contracts with its commercial partners, for the year ended 30 June 2019, it expects to beat its previous expectations of around £15 million to post revenue of approximately £16.5 million, indicating a growth of 135%. UK-based Ceres Power Holdings, a spin-out from Imperial College, has completed a manufacturing scale-up project that enables high volume production capability for its Steel Cell solid oxide fuel cell (SOFC) fuel cell technology, a key step towards mass market commercialization of its unique fuel cell technology in response to growing market opportunities. CERES POWER HOLDINGS PLC : Forcasts, revenue, earnings, analysts expectations, ratios for CERES POWER HOLDINGS PLC Stock | CWR | GB00BG5KQW09 Despite a slower than anticipated ramp up, Ceres’ team delivered record production levels in June, Work is progressing well with new and existing customer programmes despite some initial disruption during Covid-19, Expect to sign new customer partnerships in the second half of the year as commercial demand remains strong, Ceres plans to invest around £5 million in the development of solid oxide electrolysis for hydrogen and potential synthetic fuels over the next 18 months, Further investment in additional capacity at Redhill underway, ramping output up from 2MW to 3MW during 2021, Ceres well placed to benefit from the strategic role of clean technologies in economic recovery. The principle of innovation is at the very heart of what they do. You need better research. It highlights a company gathering real momentum and traction on its commercialisation journey, and a management team strengthening its reputation for delivering on stated commercial objectives. In the last year, its cash burn was UK£12m. By accessing and using this site you agree with our collection and use of data through cookies. RNS Number: 4662 S Ceres Power Holdings plc 09 July 2020 Ceres Power Holdings plc. Webcast: Ceres and Bosch scale up for mass SOFC production. Ceres Power is founded on British technology and engineering innovation. Ceres Power has set up partnerships which supply power systems of all kinds Your email address will not be published. The trading update released by Ceres Power Holdings PLC (LON:CWR) this morning aggregates commercial news flow since the June 2016 year end. They included big vehicle makers like Nissan and Honda. Ceres Power Holdings PLC is a UK- based technology solutions provider. 7 December 2020. A one stop platform to keep you informed about the most important H₂ news and to enable you to select the most promising H₂ companies to invest in. View Ceres Power's earnings history. Horsham, UK–Ceres Power Holdings plc (“Ceres”, the “Company”) (AIM: CWR.L), a global leader in fuel cell technology, is pleased to provide a post-period end trading update ahead of the announcement of its interim results for the 12 months ended 30 June 2020, which will be released on Monday 28 September. Ceres plans to continue the development of solid oxide electrolysis for green hydrogen production targeting industrial applications, following successful initial R&D stage, Your email address will not be published. Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (AIM: CWR.L), a global leader in fuel cell technology, is pleased to provide a post period end trading update ahead of the announcement of its audited results for the 18 months ended 31 December 2020, … EXT – NON CONFIDENTIAL Fuel cell products for global energy markets Ceres Power / British Gas programme FCH JU SGA 2009, 26 th October 2009 British alternative energy company Ceres Power moved a step closer to bringing its "green" fuel-cell boiler to the mass market on Wednesday by signing an outsourcing deal with a Dutch company. When Ceres Power Holdings last reported its balance sheet in June 2019, it had zero debt and cash worth UK£71m. Required fields are marked *. Webcast: Ceres and Doosan expand strategic collaboration. September 28, 2020. Therefore, from June 2019 it … For over 10 years they have been working as a company to develop a commercially viable fuel cell, building on 30 years of research by the founder of their technology, Professor Brian Steele. Ceres Power hopes to become the ARM of energy. 19 October 2020. Ceres Power Holdings’ trading update predicts a huge jump in revenue based on large new investments Ceres Power Holdings is a manufacturer of a solid-oxide fuel cell known as the SteelCellTM.. Revenue and other operating income for the 12-month period to 30 June 2020 will be around £20 million, 20-25% more than the prior 12-month period, Cash and short-term investments were approximately £108million at 30 June 2020, Bosch has commenced manufacturing of Ceres’ cell technology at its pilot facility in Germany and increased its shareholding in Ceres to c.18%, generating gross proceeds for the Company of £38 million, Weichai relationship is making good progress and both parties remain committed to the joint venture in China, but Covid delays are likely to impact the timeline for JV formation. New 5kW stack platform with increased power density, reduced start-up times and vibration tolerance has potential to address automotive applications Ceres said Calor had ordered 20,000 of its LPG combined heat and power (CHP) units for the UK market under the five-year deal, which follows an … Presentation: Ceres and Bosch scale up for mass SOFC production. 7 December 2020. In order to optimize our homepage for you and to be able to continuously improve it, we use cookies and statistics from Google Analytics.The data is encrypted and transmitted anonymously! By Nilushi Karunaratne. You don’t need more information to be a better, more profitable investor. We use cookies to ensure that we give you the best experience on our website. Stock analysis for Ceres Power Holdings PLC (CWR:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile. About H₂mOney H₂ Players H₂mOney Index Imprint Privacy policy, © 2021 H₂mOney | Designed by CS Webdesigns. Ceres Power Holdings plc ( ^eres Power, eres _, the ompany _ o r the Group _) (AIM: WR.L), a global leader in fuel cell and electrochemical technology, announces its second set of interim results for the 12 months ended 30 June 2020, following the change of year end to 31 December. The clean energy specialist performed well financially and operationally. Ceres Power General Information Description. Revenue and other operating income up 133% to £16.4 million with higher margin license activity delivering an improved gross margin of 75% The AIM-listed company is now making significant headway commercially by reaching deals to supply this unique proprietary technology to original equipment manufacturers (OEMs). Ceres Power Announces Update on Weichai Power Equity Investment. In March Ceres Power Holdings PLC ( LON:CWR ) completed a £181mln fundraising through both a placing and subscription to accelerate the … (Alliance News) - The following is a round-up of updates … Ceres Power Holdings PLC ( … Weichai also invested a further £11 million, maintaining its 20% shareholding, Now investing in higher power applications and further development in electrolysis on the back of the £49 million gross equity proceeds from the Bosch and Weichai subscriptions, Commissioning of the new Redhill manufacturing site began in January. MOST POPULAR. It is one of the leading developers of fuel cell technology, which enables the production of clean and low-cost energy. Here you’ll find investment ideas and strategies from some of Britain’s most experienced investors produced specifically for investors like you. UPDATE - Ceres Power interims chart a period of significant progress Ceres Power ( LON:CWR ) shares nudged higher as the fuel cell specialist's interims charted six … The company's business revolves around its key product, the Ceres … While licensing revenue fell in the year to 30 June, the fuel cell developer is aiming for it to account for the majority of sales in the future. Ceres Power update reveals a robust performance. By FuelCellsWorks April 15, 2020 2 min read (244 words) April 15, 2020 | 2 min read. Email Address * Archiv Menu. SOUTHBANK INVESTMENT RESEARCH. We covered Ceres Power in the last edition of our magazine as part of the “5 potential 10 baggers” feature (click here, ... Get our latest updates delivered straight to your inbox with our choice of newsletters. audited final results for the year ended 31 December 2021 by the end of March 2022, unaudited interim results for the 12 months to 30 June 2020 on 28 September 2020, audited final results for the 18-month period ended 31 December 2020 by the end of March 2021, unaudited interim results for the six months to 30 June 2021 in late September 2021, audited final results for the year ended 31 December 2021 by the end of March 2022, Gopal Bill Creating New Jersey Fuel Cell Task Force Signed Into Law, will support development of fuel cell infrastructure and technology, North German Ports to Become Centers for Hydrogen Imports. The trading update outlined that there had been four new significant developments with OEMS in 2018/19. 19 October 2020 Clean energy starts with Ceres. The company reported ($4.60) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($6.50) by $1.90. 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