19th Oct 2020 18:07
Ceres Power Holdings PLC - Horsham, West Sussex-based solid oxide fuel cell developer - Has expanded collaboration with fuel cell company Doosan Fuel Cell Co Ltd on mass manufacturing in South Korea. The expanded agreement includes signing of strategic collaboration and licence agreements, alongside the building of an initial 50 megawatts mass manufacturing facility for the creation of Ceres' fuel cell stacks in South Korea.
Value of the contract will be GBP30 million over three years with an additional GBP7 million contingent on meeting agreed key performance indicators.
Current stock price: 746.41 pence
Year-to-date change: more than doubled from 262.00p
By Dayo Laniyan; [email protected]
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