• Nieuwsbrief

11 10 2018 03

Ceres Power announced a 7 million pound (€8M) investment in a new fuel cell manufacturing facility in Redhill, Surrey, UK. This will enable them to build fuel cells worth 2 MW first before scaling up to 10 MW in the long run. Moreover, they are working with Nissan on novel EV applications.

The new Redhill fuel cell facility will thus expand Ceres’ manufacturing capacity significantly and adds to its UK operations with its nearby Horsham facility remaining as the headquarters and Technical Centre.

Ceres’ strategy is to generate revenues through licensing in the development phase, and generate royalties through manufacturing partners once full scale commercialisation is achieved. The need for additional interim capacity has been driven by the increasing demand from the company’s partners which include Nissan, Honda, Cummins, Weichai Power and Bosch.

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