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The latest update is out from Ceres Power Holdings ( (GB:CWR) ).
Ceres Power Holdings plc reported a record year in 2024, characterized by significant commercial, strategic, and technological advancements. The company secured a record order intake exceeding £110 million and is projected to achieve revenue between £55-60 million, marking a 150% increase from 2023. Ceres completed business restructuring to optimize costs and maintains a robust cash position of approximately £102 million. The firm is progressing with partnerships in Taiwan, Japan, India, and South Korea, with notable advancements in solid oxide fuel cell and electrolyser cell technology. The anticipated launch of power system products with Doosan in 2025 represents a significant milestone, positioning Ceres to drive global decarbonization efforts.
More about Ceres Power Holdings
Ceres Power Holdings plc is a leading developer in the clean energy technology sector, focusing on electrolysis for green hydrogen production and fuel cells for power generation. The company operates on an asset-light licensing model and partners with major corporations like Bosch, Doosan, Delta, Denso, Shell, Thermax, and Weichai. Ceres’ solid oxide technology enhances electrification and facilitates efficient green hydrogen production, targeting decarbonization in industries like steelmaking and ammonia production. Listed on the London Stock Exchange, it holds the LSE Green Economy Mark.
YTD Price Performance: -16.02%
Average Trading Volume: 682,002
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £283.4M
For detailed information about CWR stock, go to TipRanks’ Stock Analysis page.
