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Ceres Power Holdings PLC on Wednesday said it has raised £103 million in an oversubscribed capital raise to support the commercialisation of its solid oxide technology platform. The Horsham, England-based clean energy technology developer said it will issue 18.0 million new shares at 570.0 pence each, raising gross proceeds of around £103 million. The offer price represents a 6.5% discount to Tuesday’s closing share price of 609.5p. Shares on Wednesday were trading 4.9% lower at 579.00 pence in London. Ceres said institutional investors subscribed for 17.8 million shares through the placing, raising around £101 million, while retail investors subscribed for 180,000 shares via the RetailBook platform. Directors subscribed for a further 31,051 shares. The new shares represent around 9.2% of Ceres’ existing issued share capital before the fundraising. Chief Executive Phil Caldwell said: ‘The new funds present a clear opportunity to capitalise on commercial momentum for Ceres technology and ensure we are well placed for the future.’ He added that the company remains focused on establishing its technology platform as the industry standard for solid oxide systems. Admission of the new shares to trading on the London Stock Exchange is expected on Friday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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