2nd Dec 2015 10:28
LONDON (Alliance News) - Fuel cell technology company Ceres Power Holdings PLC on Wednesday said it has launched the latest version of its V3 Steel Cell technology platform.
The new platform has been developed for the residential generation market and is designed to improve energy efficiency. It has also developed new products for the commercial scale market, which requires higher power applications.
"Our strategy is simple: to make our Steel Cell technology the platform for a range of distributed power generation products for every home and business. We have already seen high levels of early stage interest in higher power products from US, Korea and Japan," said Phil Caldwell, Ceres Power's chief executive.
"Having achieved this latest technical advance, we now expect to announce progress on a number of new partnerships in the near future," he added.
Shares in Ceres were up 12% to 6.87 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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