18th Jan 2016 07:38
LONDON (Alliance News) - Ceres Power Holdings PLC on Monday said it has signed a joint development agreement with Japanese auto giant Honda Motor Co to develop solid oxide fuel cell stacks.
The stacks will use Ceres' metal-supported steel-cell technology, and the agreement includes a third party, not named, which will consider the future mass production scale up of the steel-cell technology.
No financial details on the two-year deal were disclosed.
"This latest agreement with Honda represents a huge endorsement of our steel-cell technology, in the world's most advanced fuel-cell market. We are demonstrating that we can successfully deliver on our strategy of embedding our steel-cell technology into a variety of different power products and markets with the world's leading companies," said Ceres Chief Executive Phil Caldwell.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Ceres Power