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Ceres Power Holdings plc (CWR.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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588.60+15.40 (+2.69%)
As of 12:16PM BST. Market open.
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  • F
    Franck
    Maritime fuel cell test success offer hope for hydrogen’s place in shipping

    May 24, 2022

    Ceres’ fuel cells have proved effective at reducing carbon-dioxide emissions in the maritime sector, following two UK Government funded projects, offering hope that hydrogen will soon power ships.

    As part of a consortium involving GE Power Conversion, MSC Cruise Management UK and Lloyd’s register, Ceres has been able to confirm the feasibility of using a 10MW natural gas, fuel cell installed on a large vessel, replacing diesel-fuelled generators.

    Caroline Hargrove, Chief Technical Officer at Ceres, commented, “The Clean Maritime Demonstration Competition has been an invaluable process for the Ceres team, and we have welcomed the opportunity to work with so many leading operators and engineers from the global maritime industry.

    “We believe these findings are an important step in validating the compatibility of solid oxide technology with maritime applications.

    “We await the second phase of the Competition to further demonstrate a safe and feasible transition pathway for the shipping industry to reach net-zero emissions in a manner aligned with the UK Clean Maritime Plan and legally binding national and international global climate change targets.”

    In 2021, £23m ($28.7m) was invested by the UK Government in 55 projects to accelerate, design, and manufacture zero-emissions ships in British Shipyards by 2025.
  • F
    Franck
    Bosch investing big money into hydrogen
    Nile Bijoux, May 09 2022
    Bosch has announced it will invest 500 million euros (NZ$823 million) in developing components for hydrogen electrolysis, which should speed up adoption of green hydrogen in transport and other sectors.

    The company wants to have electrolyser stacks in production by 2025, and expects the market for the components to reach 14 billion euros by 2030.

    Each stack uses several hundred connected sells which each use electricity to split water into its hydrogen and oxygen components. ‘Green’ hydrogen means the electricity used to split the element is renewably sourced.

    Hydrogen itself is clean, but the production isn’t always. Bosch wants to help change that.

    The hydrogen is then compressed into a tank before a fuel cell in a vehicle reverses the process – combining hydrogen and oxygen into water – which generates electricity for the motors.

    Bosch CEO Stefan Hartung told Automotive News last week that the war in Ukraine has highlighted the urgency to develop new sources of energy, including hydrogen.

    "Our concern is to secure energy supplies, with the price of oil and gas remaining at a very high level," he said. "Green hydrogen is essential if we want to make our world carbon-neutral... Hydrogen can help to mitigate global warming in every sector."

    Bosch says hydrogen will first be adopted by long-haul trucks, something we’ve seen in New Zealand with Hyundai’s local introduction of Xcient hydrogen trucks.

    Hyundai said last year that hydrogen technology is better suited than battery electric trucks as a heavy-duty, reliable, future cost-effective replacement for diesel trucks, as the use of hydrogen rather than weighty batteries means they have longer range, shorter refuelling time and greater payload.

    Hyundai New Zealand has hydrogen-fed Xcient trucks on the road right now.
    Bosch’s hydrogen tech could make its way into passenger vehicles too, although the current focus is on heavier machinery.

    Thomas Pauer, an executive vice president at Bosch, will lead the electrolyser endeavor. He doesn’t want to become a full powerplant supplier though, restricting Bosch to a component supplier only. “This is our core business.”

    "We're surprised by how strongly the market is growing," Pauer added, considering investments in electrolysis had doubled in Europe in recent years. "The world is realising that we need a different energy source. I don't think we can solve our energy issues without hydrogen."
  • F
    Franck
    Russia’s Invasion Supercharges Push to Make a New Green Fuel

    “It’s kind of a tipping point,” said Phil Caldwell, chief executive officer at Ceres Power Holdings Plc, a U.K.-based hydrogen technology company. “You’re going to see that capital coming in on a big scale now. There’s no turning back.”

    Europe is quickening efforts to break that addiction, with Fortescue Metals Group Ltd. planning a $50 billion project for the hydrogen supply chain with German energy giant E.On SE; Norway’s Scatec ASA building a $5 billion production plant; and investment fund Hy24 earmarking $1.6 billion for infrastructure.

    https://www.bloombergquint.com/business/russia-s-invasion-supercharges-push-to-make-a-new-green-fuel
    Russia’s Invasion Supercharges Push to Make a New Green Fuel
    Russia’s Invasion Supercharges Push to Make a New Green Fuel
    www.bloombergquint.com
  • F
    Franck
    There's a short moment at 2.09 min where can you can see the Bosch stacks !

    https://www.youtube.com/watch?v=7GQADNLPLdk
    Baden-Württemberg is becoming a hydrogen state!
    www.youtube.com
  • B
    Bob
    great news out today on a three way joint venture with Ceres, Bosch, and Weichai to produce fuel cell products for transport and stationary markets in China.
  • B
    Bob
    Strong set of results released in the companies website showing twelve months year end growth of 44% from prior twelve months, and strong cash on hand position. Starting to see the acceleration of licensing revenue as the partners manufacturing develops. If this level of growth keeps up(Why not as SOEC and maritime - Heavy industry applications develop) then this is well positioned as a long term high growth stock IMHO.
  • B
    Bob
    Big news, Ceres is not only a FC company but now also in the battery business, Taking a 8.4% stake in RFC power a Flow battery technology start up! I think perhaps some synergies in technology may apply and could be a major multiplier for Ceres in the future. Happy to hear other wisdom on this topic but looks promising to me!
    https://www.standard.co.uk/business/green-hydrogen-investing-stocks-ceres-power-energy-caldwell-b966953.html
  • B
    Bob
    I don't know why ceres Marketing limit themselves to linkedin and do not publish news on YF?
    But good news today on three fronts in the Maritime space involving such names as; - GE Power conversion MSC Loyds registry, Carnival UK Shell & Loyds registry again, and their partner Doosan and Hyundai heavy industries maritime division; -
    https://polaris.brighterir.com/public/ceres_power/news/rns_widget/story/rngd60x
  • B
    Bob
    New deal with Honda (Based on original deal) I wonder if the Undisclosed third party is the Honda _ GM Partnership Plant in the USA?
    https://fuelcellsworks.com/news/ceres-power-and-honda-sign-new-joint-development-agreement-on-solid-oxide-fuel-cells/
  • B
    Bob
    How Bosh engineering are driving automated manufacturing of Ceres Fuel cells to lower the total cost of manufacture. A reflection of the wisdom of the Ceres Business model using global experienced expert partners to drive towards mass production.
    https://www.bosch.com/stories/sofc-system/
  • B
    Bob
    FMRC (Fidelity management and research LLC) takes a five percent stake in Ceres. Considering that two of Ceres partners each hold around 20% each this makes FMRC 5% overall around 8% of that remaining 60%
    https://polaris.brighterir.com/public/ceres_power/news/rns_widget/story/xz79mew
  • B
    Bob
    approximately GBP250M in cash (about ten years worth at todays cash burn rate) and no cash intensive exponential growth investment cycles due to the unique licensing model. Must be one of the best positioned FC companies considering the cash on hand compared to the limited need for investment for growth (Customers take that on)
    More good news https://www.pv-magazine.com/2022/01/11/the-hydrogen-stream-more-large-scale-hydrogen-for-port-of-rotterdam/
  • D
    David
    At Bob ... YF isn't great at keeping up with news in general. Nice find, though! Saw a bit of news about it earlier, on a Google search. Ceres is finally starting to roll a little bit here. Will be interesting to see how things work out between them and Weichai Power. Weichai also has a JDA with Ballard Power Systems for development of their PEM tech for heavy transport. That agreement pre-dates/is much further along in compared to the ine they have with Ceres. I'm sure the MOU signed with Doosan was looked upon with interest by the Weichai board member. Ceres tech is better than Ballard's overall, I believe, when you take everything into account. Still, though, I'm not what Weichai is waiting for. The Koreans will gladly starting securing market share while Weichai waits to develop the Ceres JDA further. Weichai still benefits either way, though, simply by continuing to maintain their 20% stake in Ceres. Good times ahead for sure. And once Ceres finishes validating the SOEC tech (which is really just a formality at this point) - look out! Ceres is definitely an investment you might consider anchoring your portfolio with. We may even see a share split and a dividend here in the next few years.
  • F
    Franck
    Ceres Power and Honda sign new Joint Development Agreement on Solid Oxide Fuel Cells

    See Fuel Cell Works,January 19,2021
  • V
    Victor
    CWR has been dropping since last week's JPM report that clean-energy counters are in a bubble. There's nothing new in this report, but it may have been enough to dislodge some weak holders.
  • J
    John
    Have many people invested in here? Do we see a bright future?
  • A
    Al
    I’m a buyer these levels. If you’ve bought for long term. This drop is a blessing is disguise