6th Aug 2014 07:26
LONDON (Alliance News) - Ceres Power Holdings PLC said Wednesday that it has been awarded GBP0.7 million of funding from the UK's innovation agency, the Technology Strategy Board, as part of its Fuel Cell Manufacturing and the Supply Chain collaboration initiative.
The low-cost fuel cell technology company said that it and screen printing equipment and processes provider DEK Solar, have won the award which co-funds a GBP1.1 million collaboration project that will combine DEK's photovoltaic manufacturing processes with Ceres existing manufacturing capability to scale up its low cost Steel Cell production in response to growing market opportunities.
Ceres Power said that until now the high cost of fuel cell technology has restricted widespread adoption.
Ceres Power Holdings shares were trading marginally lower Wednesday morning, down 0.29% at 8.60 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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