Ceres raised £181mn to expand its business last year
Ceres Power accelerates electrolyser investment
Firm is advancing commercial partnerships and hopes to make announcements later this year
UK-based fuel-cell technology firm Ceres Power is building a 1MW solid-oxide electrolyser that will become operational in 2022 as part of its efforts to expand its electrolyser division. Last year, the firm raised £181mn ($238mn) from investors to expand its business. Around £100mn will be spent consolidating its position in fuel cells and £80mn on accelerating activity in its electrolyser division, including the establishment of a new test facility in collaboration with testing firm Horiba Mira. The technical work on the electrolyser is happening at the firm’s facility in Horsham in southern England. When that is complete, the unit will be deployed at an as-yet undisclosed industrial site w
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