29th Oct 2014 08:19
LONDON (Alliance News) - Ceres Power Holdings PLC Wednesday said it has signed a next stage Joint Development Agreement with a Japanese power systems company after a period of extensive testing in the UK and Japan.
Ceres said the agreement will allow the companies to combine their respective engineering and research and development expertise to produce a jointly developed Steel Cell SOFC stack using Ceres Steel Cell technology.
The stacks will be supplied from Ceres' manufacturing facility in the UK followed by system level testing in Japan. The two companies will also explore potential business opportunities for both residential applications and generators.
Ceres Power shares were up 5.0% at 8.79 pence early Wednesday, one of the best-performing stocks on the AIM All-Share index.
By Ian Edmondson
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