RCS - Ceres Power Holdings - Ceres and HORIBA MIRA to accelerate clean tech

Ceres Power HoldingsAnnouncement

08/03/2022 07:00

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RNS Number : 9373D  Ceres Power Holdings plc  08 March 2022

CWR.L

 

8 March 2022

 

Ceres Power Holdings plc

 

Ceres and HORIBA MIRA partner to accelerate hydrogen and fuel cell
technologies

 

·    Agreement marks a major investment in UK green hydrogen economy

·    State-of-the-art fuel cell and electrolysis test facility to be
developed at HORIBA MIRA's West Midlands site

·    Expands Ceres' test capacity, supporting delivery of clean technology
at scale and pace to its global partner base

 

Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (AIM: CWR.L), a
global leader in fuel cell and electrochemical technology, announces that it
has signed a long-term agreement with HORIBA MIRA, Europe's leading
engineering and testing consultancy, to expand the UK's delivery of new fuel
cell and hydrogen technology to international markets.

 

Ceres selected HORIBA MIRA and the wider HORIBA group to be its fuel cell and
electrolysis test partner and supplier of next-generation test stands after
extensive market review.  The partnership combines best-in-class UK expertise
to serve global markets with clean technology solutions at scale.

 

HORIBA MIRA's Testing-as-a-Service draws on 75-years of history in engineering
testing, validation, and certification as well as active participation in the
development of international regulatory frameworks for new technologies. This
testing service offer is an enabler for HORIBA MIRA's customers seeking the
rapid maturation of emerging carbon-zero technologies.

 

The multi-million-pound agreement will see the development of a new and
state-of-the-art 240m(2) test facility at HORIBA MIRA's headquarters, along
with additional agreements to develop next-generation testing infrastructure
to support Ceres' core technology and system development, resulting in new and
valuable high skill employment opportunities.

 

In addition to the new testing facilities at HORIBA MIRA, the scope of works
also spans the design, manufacture and certification of fuel cell testing
systems, known as test stands, by the wider HORIBA group, in order that Ceres
can deploy testing into international markets with solutions that are locally
compliant.

 

By bringing together high growth technology and trusted testing, Ceres will be
able to expand its global operations and position itself at the forefront of
the international hydrogen economy

 

Phil Caldwell, Chief Executive Officer at Ceres commented: "Ceres is making a
significant investment in the UK, aligned with the Government's hydrogen
strategy and principles. The new centre and collaboration with HORIBA MIRA
will accelerate our high growth technology through trusted testing, supporting
delivery to our global partnership base and expansion into new markets."

 

Ends

 

 

For further information visit www.ceres.tech (http://www.ceres.tech) or
contact:

 

 Ceres Power Holdings plc                      Tel: +44(0)7932 023 283

 Elizabeth Skerritt

 Investec Bank PLC (NOMAD & Joint Broker)      Tel: +44 (0)207 597 5970

 Jeremy Ellis/ Patrick Robb/ Ben Griffiths

 Berenberg (Joint Broker)                      Tel: +44 (0)203 207 7800

 Ben Wright/ Mark Whitmore

 FTI Consulting (Financial PR)                 Tel: +44 (0)203 727 1000

 Dwight Burden                                 Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)

 

 

About Ceres Power

 

Ceres is a world-leading developer of electrochemical technologies: fuel cells
for power generation, electrolysis for the creation of green hydrogen and
energy storage. Its asset-light, licensing model has seen it establish
partnerships with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and
Doosan in Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and everyday
living.  Ceres is listed on the AIM market of the London Stock Exchange
("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which
recognises listed companies that derive more than 50% of their activity from
the green economy.

 

 

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