Soon to be in mass production...the technology works like no other

RNS Number:0376N Ceres Power Holdings plc 01 December 2006


Ceres Power Holdings plc
('Ceres', 'Ceres Power' or the 'Company')



Technical Update: Key Performance and Durability Targets Achieved


Ceres Power, the AIM-quoted fuel cell group, is today providing an update on the progress achieved in the development of its unique patented fuel cell technology. Ceres' continued focus is to utilise its technology to deliver a set of commercially viable products that can be mass manufactured and meet a clear market need.

Rigorous testing of the fuel cell stacks has demonstrated that the required levels of durability and performance can be delivered for the market applications it is targeting, namely domestic combined heat and power (CHP) boilers, off-grid generators and auxiliary power units (APUs).


SUCCESSFUL COMPLETION TO DATE OF MORE THAN 7,500 HOURS OF FUEL CELL STACK testing, reflecting the unique design and the use of well-proven manufacturing techniques

TESTING OF MORE THAN 50 STACKS OF UP TO 1KW POWER OUTPUT WITH REPEATED THERMAL cycling (on/off) between room temperature (20oC) and operating temperature (600oC) without performance degradation

STACK TESTING ON A RANGE OF COMMERCIALLY AVAILABLE FUELS INCLUDING NATURAL gas, LPG and propane demonstrating the capability to meet the performance requirements of a wide range of target market applications

VALIDATION OF STACK MANUFACTURING AND ASSEMBLY PROCESSES WITH MORE THAN 1,000 stack sub-assemblies constructed with a zero failure rate.
As a result of the performance demonstrated during the testing programme our core stack technology has been frozen. This technology will be appropriate for power outputs between 0.5kW and 5kW.

Integrated fuel cell systems have also been demonstrated by coupling lightweight, compact stacks and fuel processors with other key balance of plant components for our planned domestic CHP applications. Our focus is now on completing the designs of end-user products.

As announced at the preliminary results in September, we are currently equipping a new product facility which is expected to be operational by mid-2007 and is designed to produce limited volumes of prototype products incorporating volume manufacturing solutions. These units will be used both for demonstrations and larger field trials. The facility will also be used to develop and validate the manufacturing and assembly processes prior to transfer to mass production.

The scale-up process has been substantially de-risked with the establishment of a supply chain to procure cell, stack and system components utilising technologies with well-proven design lives in excess of 10 years. We are already working closely with a number of OEMs to finalise the arrangements for volume assembly of products utilising fuel cell stacks that will be manufactured by Ceres at a 'mother plant' facility planned to be commissioned in mid-2008.

Peter Bance, Chief Executive of Ceres Power, commented:

"Our testing has demonstrated that our unique technology has overcome many of the obstacles faced by other fuel cell technologies and can deliver durable, efficient and cost effective mass market solutions. We are now focused on completing the design of commercial, compact end-user products."

OK, Don't get it. The Shares went down by the end of the day. I will never understand this stock market thing!!!!

simon...the market makers pumped it up on good news then sold and shorted it to 215p...if you noticed it went into auction around 4.25pm...this tells me the shorters closed out and bought back in long...blue day monday....the crooked barstards did it with Oxus a couple of days ago..i'd personally string em up and give em a good kickin..they deserve it

from the sunda y times today...hmmm billion pound company sounds nice

Ceres Power


THE fuel-cell specialist Ceres Power appears to have finally proved that its technology works. In an update last week, Ceres said that it had successfully completed a series of rigorous tests for its combined heat and power (CHP) fuel cell.

The CHP cell is effectively a micro power station producing heat and electricity which Ceres is aiming to use in a new generation of boilers. The CHP units should cost little more than conventional boilers. Another attraction is that the electricity produced is a by-product and effectively free for consumers.

Although Ceres has revenues of just 110,000 it is valued at 128m. But if it can turn its CHP unit into a mass-market product, analysts believe it could become a 1 billion business.

The shares have been volatile in the past year, but that is the price of investing in an area driven by sentiment. They will remain risky but, barring any technical disasters, Ceres could finally deliver in an area that has so often been built on hope.

What happened today after 4pm? Crazy crazy crazy!!!
Thanks
Simon

Maestro,

Can we have a chart at the top of the thread ?

Ceres Power H1 pretax loss widens
AFX

(Corrects turnover figures, adds other operating income)

LONDON (AFX) - Ceres Power Holdings PLC reported a wider first-half pretax loss but said it looks forward to the future with confidence as the company approaches commercialisation.

The fuel cell company reported a pretax loss of 2.7 mln stg, against 1.8 mln stg year ago while turnover fell to 30,000 stg from 80,000 stg although rose overall with the inclusion of other operating income, which leapt to 469,000 stg from 148,000 stg the year before.

Separately, Ceres Power said it will receive over 600,000 stg from EDF Energy Networks, a unit of EDF, to design and build power generation appliances to provide back-up electricity for homes.

The company said this represents 50 pct share of the 1.2 mln stg costs of the first phase of the programme.

Ceres said the prototype products will be available for evaluation during 2008 and 2009.

any reason for todays sharp rise?

NO!!!!! Just wish CFU would do the same!!!!

Citigroup is getting rather excited about the firm's combined heat and power plant. Things start off in a reasonably sane fashion as it looks at DCF valuations of 310-500p.
But then analyst Nick Williamson goes off the grid when he says: 'If international CHP and APUs (auxiliary power unit) opportunities come to fruition, our blue skies analysis suggests a per share valuation of c24, at a 10% WACC.'

http://www.market-insider.net/market-whispers/ceres-power-3/

can anyone shed some light on todays fall?

WE ARE GETTING THERE!!!!!!!!

Ceres Power Holdings plc
19 July 2007



19 July 2007

Ceres Power Holdings plc
('Ceres', 'Ceres Power' or the 'Company')

Wall-mountable Fuel Cell CHP Unit Demonstration

Ceres Power, the AIM-quoted fuel cell group, announces that it has designed and
built an integrated, wall-mountable combined heat and power unit ('the CHP
Unit') which will form part of an up-coming demonstration at the Company's
headquarters. This technical achievement demonstrates the commercial potential
of the product and also represents an important milestone in the Company's
residential CHP programme with British Gas.

The compact and wall-mountable design will enable access to residential mass
markets in the UK and overseas. The integrated CHP Unit is capable of
generating electricity and all of the central heating and hot water requirements
of a typical home, avoiding the need for a separate boiler, and so can address
new build and replacement markets. The CHP Unit uses the same natural gas,
water and electricity connections as a boiler, and is thus easy to install.

Key balance of plant components within the CHP programme have been developed in
partnership with well-established volume manufacturers from industries
including automotive and white goods. The operating temperature (500-
600degreesC) of the unique Ceres Power fuel cell technology has enabled the use
of widely available and cost-effective raw materials, components and
manufacturing equipment.

The Company is now focused on value engineering of the CHP Unit and the scale-up
of core manufacturing processes to meet expected customer demand.

The Company will be inviting analysts to its Crawley headquarters on Tuesday
September 11th for a CHP demonstration, management presentation and tour of the
facilities. Following this event, the Company will also showcase the CHP
hardware at the London Stock Exchange on Friday September 14th.

Peter Bance, Chief Executive of Ceres Power, commented:

'Building on our established technology leadership, we have now developed the
product engineering capabilities and supply chain relationships that have
enabled us to demonstrate an integrated wall-mountable CHP Unit. Achievement of
this important milestone is a significant step forward in the commercialisation
of our unique technology.'

- ends -

For further information contact:

Peter Bance, Chief Executive, Ceres Power +44 (0) 1293 400 404
Patrick d'Ancona / Charlotte Kirkham +44 (0) 207 153 1531
M: Communications

good write-up in the daily mail today. Are we going to see a bit of a surge this week?

Sned...can you add the write up? 37 p up today so something must be good.
thanks
Di

Dynamite - have not got the link, read it in print .... article in Daily Mail Sat 8th Sep (Investment extra) by Ian Lyall - can't seem to find it on their website though...

EDIT - looks like they had a good demonstration today (given the gradual increase in price). See 19th July RNS posted above

Thanks Sned...it looks like it is all in anticipation though...the presentation is tomorrow Tues 11th!

Can you believe EK has just gone short again and took a hammering today.

what time are the results anyone

Sorry found them on there website,exciting

if todays sp trend is anything like yesterday's, then there still is time to get in! TA people, any pointers on this one? British bulls posted a buy-if yesterday, and am I right in saying the benchmark is 310?

(http://www.britishbulls.com/StockPage.asp?CompanyTicker=CWR&MarketTicker=Industrials&TYP=S)

Doesn't look like evils short lasted too long, look at the rise at todays end. I expect to see some good RNS in the morning, which which will hopefully spur the share price further on to its rightful place between 4 and 5.

I wonder at this share - Mkt cap of 200m and practically no turnover. Sure it's an interesting idea but I'm not convinced domestic boilers should be making electricity - it's not as though we have a surplus of gas - and - if we need more electric, we can look to France where "Le Nuclear" is still a polite word.
Fuel-cells may be the future, buty I doubt the presnt investors will see much benefit - er, IMHO of course; - negative ol' cinic that I am.

its odd why Voller energy thats on the verge of mass production of lpg fuel cells is languishing at all time low of 19p...the market works in mysterious ways

Thats the tree shake finished, here comes the shoot northwards.

This is looking more like ITM Power by each day.

Ian Lyall's verdict was BUY on 8/9/2007 and Citigroup says they are worth 5.10 and Morgan Stanley put a target of 3.70...it certainly shows all these BIG institutions are talking b****cks!

Results for CWR will be out tomorrow. Where will it go?

Ceres losses widen - MoneyAM

Ceres Power Holdings said today pretax loss in the first half of the current year widened to 3.02m.

The company blamed higher research & development costs but said it still remains in a robust position to commercialise its combined heat and power (CHP) systems product.

For the half year to December 31st, 2007, the fuel cell group reported a pretax loss of 3.02m versus 2.65m last year while commercial revenues rose to 279,000 from 30,000 last time.

R&D costs stood at 2.6m against 2.4m earlier, while administrative expenses rose to 1.4m from 1m a year ago.

The company said it remains committed to growing revenues with existing partners and establishing new market channels adding it sees further growth in commercial revenues in the second half.

any reason for s/p to go up?

All the green fuel companies are not doing well lately - CWR, PDX, CMF, DOO

I know higher energy prices can only be helpful to cwr but am at a loss about todays s/p surge. Anyone in the know?

I reckon the investment funds are now beginning to see the true potential of this commodity.
Once the general public become more aware of the savings involved using one of CWR's systems, they'll all want one.
With everyone's budget getting tighter and tighter, most people will see this as an ideal way to reduce their rocketting fuel bills, with a reduction in their carbon footprint as a nice secondary.

Have got back into this earlier today. RNS says:

"Ceres Power, the AIM-quoted alternative energy group, announces that it will be inviting analysts to a presentation on Tuesday 24 June 2008. The Company will be providing an update on progress under the CHP contract with British Gas. Further details of the company's future roadmap as well as independent confirmation of the performance of the core fuel cell technology will also be presented. A copy of the company presentation will be available on the company website on Tuesday 24 June 2008."

I just feel it will have a positive effect on sp. The technology seems to be coming together now.

Bought a few yesterday they are off recent highs,could move up before 24 june.

Record low each day.

62p and still dropping.

going bust i feel...another j boy scam

"j boy"?

cynic..you idiot!

indeed, but you do not answer the Q

At last some good progress being made on durability. Plse see RNS of today

Taking a quick look i came across these couple of posts by a very competent Pi.

No one is claiming "something for nothing". Let me try to explain...

A condensing boiler simply burns gas to heat water, right? Conventionally, a home's electricity it is generated centrally and transmitted to the home. That incurs two sources of waste: a) waste heat from the generation plant; b) transmission losses

The Ceres unit can be viewed in two parts (though in reality they're tightly integrated). The important, innovative, part is the fuel cell module. This generates the bulk of a home's electricity needs over the course of a day (according to demand studies using measurements from real homes) in a highly efficient manner. The electricity is generated using an electrochemical reaction between gas and air in the fuel cell, rather than by burning gas. Heat byproduct generated in this process is used to heat water in the CHP unit. So that virtually eliminates both losses a) and b) that occur with conventional electricity generation.

The second part of the unit is simply an auxiliary burner that generates any extra heat that the home requires, over and above that produced by the fuel cells, to meet its heating and hot water needs. That allows the Ceres unit to be a complete replacement for a conventional boiler, but with the added benefit that it also generates the bulk of a home's electricity needs.

See Ceres' presentations for detailed facts & figures.



Yes, you may be right to say that CFU are a little further down the road with the development of their unit than Ceres are - because it's based on older technology.

What you may be missing, besides the good point made above that the Bluegen unit doesn't replace a boiler but is additional to it, is that I believe that the Ceres unit will have manufacturing costs a fraction of those of the CFU product.

Once again, as I've said repeatedly (but you're new to this thread so may not have read it), the primary reason for Ceres advantage comes down to basic physics and engineering. Ceres' fuel cells operate at a significantly lower temperature that any other SOFC fuel cells. That means that the cells and stack can be and are constructed of inexpensive steel. Suggest you checkout what materials are required to build CFU's cells, which operate at around 800C vs 550C for Ceres'.

Though CFU may be a few months ahead in terms of market readiness of their unit, I believe Ceres' product will be worth waiting for, as long as the team delivers and irons out the wrinkles promptly.

i

Sorry wrong thread above.

You could always go back and delete it hlyeo, rather than acccidently/on purpose leave it!

A pretty unimpressive looking chart to say the very least!
Is anyone holding out any hopes for this stock?

How do u delete, Harry?

There is a small icon to the right of the figures '42 of 47' of your post. Click on that and it will open up your original post in the text box at the bottom of the screen. Delete all the text in the box, but it will not accept a blank entry, so you need to type one character such as . or * or x. Then click on the button at the bottom to post edited message.

Beginning to look interesting. 2 big moves in 2 days.

Something brewing???

Only just bought these and already up 60%

And the rise continues:)

British clean technology firm Ceres Power Holdings Plc said it has not been able to secure the funds it needs to run its operations and that it would continue to explore options, including a wind down of the business.

Ceres said the other options it was looking at included a sale of the business or cancellation of its listing.

The company has faced repeated delays related to the launch of its combined heat and power (CHP) energy efficient boiler as a result of technical issues with the product. The boiler is designed to generate all the heating, hot water and most of the electricity needs of a typical UK home, according to Ceres.

It had 10.2 million pounds ($16.39 million) in cash as of June 30, and has previously said it needed to raise money by the end of September.

"Despite extensive efforts it has been unsuccessful in securing sufficient funding for the business going forward," Ceres said in a statement.

Luckily sold half at 12p and re-invested it. Still took a hit today on the remaining shares but should have seen the warning signs yesterday when somebody knew something.

Hellsing, you should sell everything now...


The future is looking bleak for cash-strapped Ceres Power, the fuel cell technology developer, as it has been unable to secure sufficient funding to keep the business going.

The group had hoped to secure a new tranche of funding before the end of September to enable it to pursue its goal of delivering a "global cost leadership" mass market small combined-heat-and-power product.

The company will continue to explore all strategic options, including a sale of the business, cancellation of the listing and, in the absence of any alternative proposals, commencement of an orderly wind down of the business.

Broker Peel Hunt fears it is the end of the road for Ceres, after "eight years raising money on the back of over-promising."

The broker has reduced its target price from 4p to zero. "A fresh approach from a new CEO [Chief Executive Officer] improved things but there was insufficient potential in the business to make it worth backing, in our view. Investors, who had put in £65m to date, apparently agree and have finally drawn the line."

Peel Hunt notes that the firm's flagship product is still four years away from first commercialisation, and field trials have yet to start. On top of that, "technical progress still needs to be made, there is major uncertainty over manufacturing cost, the economic case for product adoption is limited and there was still a large quantum of funds needed to reach cash break-even," explains Peel Hunt's Andrew Shepherd-Barron.

While Peel Hunt thinks there is sufficient cash for an orderly wind-down of the company the broker is not optimistic that shareholders will see any of it.

"There is a chance that a third party buys the assets, or indeed the business as a whole, but we see a wind down as the more likely outcome," Shepher-Barron concludes.

The shares plunged to a 52-week low 2.05p in morning trading before recovering a little to 2.6p; less than a year ago the company was trading above 30p a share.

Hi,

Sold out this morning - no point holding out. Overall, having sold half at 12p, was in profit by £200 so could have been worse.

One to learn from in the future.

Very poor management.

Any ideas why the spike today. Can't see any news.

News detail
close
Wind down of Business

Date: 2:00 pm, 6 Nov 2012

RNS Number : 4553Q
Ceres Power Holdings plc
06 November 2012

6 November 2012



For immediate release

Not for release, publication or distribution, directly or indirectly, in whole or in part in, into, or from, any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction.


Ceres Power Holdings plc
("Ceres", "Ceres Power" or "the Company")

The Company notes the recent movement in the share price. Following the announcement by the Company on 4th October 2012 regarding its funding position, the Company has continued to explore various strategic options and these discussions are on-going. In the event, the Company is not able to progress any proposals to a successful conclusion, it will as previously announced commence an orderly wind down of the business. The Company will update shareholders in due course.

the company is basically worthless..get out while you can...j boy masonic scam just like voller energy

placing seems a great success as shares finally on the go

bastards!...why did i sell?

LISTEN: Ceres Power Holdings (CWR) - Preliminary results

Click here

http://www.investegate.co.uk/ceres-power-holdings--cwr-/rns/final-results-and-notice-of-agm/201411100700265327W/

Richard Preston, FD, Ceres Power - Interviewed at the Mello 2014 event

Click here

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