Ceres Power Holdings (GB:CWR) has released an update.
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Ceres Power Holdings, a pioneer in clean energy technology, has entered into a lucrative, multi-year global licensing agreement with a major Asia Pacific OEM for its solid oxide electrolyser cell technology, signaling robust commercial progress and a commitment to advancing green hydrogen production. The company has more than doubled its revenue from the same period last year, raising its full-year revenue forecast to £50-60 million, underpinned by strong business momentum and successful partnerships aimed at industrial decarbonisation. With significant licence fees, engineering services, and hardware revenues, as well as royalty payments on SOEC equipment sales, Ceres is solidifying its position in the rapidly growing green energy sector.
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