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
Also in this section
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
