Ceres Power Holdings ( (GB:CWR) ) has issued an update.
Ceres Power Holdings plc reported a record-breaking year in 2024, with significant financial growth and strategic partnerships. The company achieved a record order intake of £112.8 million and a revenue increase of 132% to £51.9 million. Key partnerships with Delta Electronics, Denso, and Thermax are set to expand Ceres’ technology into new markets, focusing on decarbonization solutions. Despite the termination of a contract with Bosch, Ceres anticipates stable revenue for 2025 and remains focused on building its partner portfolio and advancing technology milestones. The company’s strategic moves position it strongly in the power generation and green hydrogen markets, with ongoing projects like the collaboration with Shell for hydrogen production demonstrating its commitment to industrial decarbonization.
More about Ceres Power Holdings
Ceres Power Holdings plc is a leading developer of clean energy technology, focusing on fuel cells for power generation and electrolysers for green hydrogen production. The company operates an asset-light, licensing model and has established partnerships with major global companies such as Doosan, Delta, Denso, Shell, Weichai, and Thermax. Ceres’ solid oxide technology aims to enhance electrification of energy systems and produce green hydrogen efficiently to decarbonize industries like steelmaking and ammonia production.
YTD Price Performance: -57.13%
Average Trading Volume: 1,085,695
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £134.1M
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