Zeus Capital’s Research Director Tom McColm talks to DirectorsTalk about Ceres Power Plc (LON:CWR) and ITM Power Plc (LON:ITM). Tom tells us how the latest iteration of Ceres’s technology relates to its commercialisation plans, talks us through some of the big OEM partnerships and shares his thoughts on when will we see Ceres powered products on the market. Tom also explains ITM’s announcement today, hydrogen vehicles playing a big part in the future and other markets is ITM looking to deploy its electrolysis platform to.
ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The Company received £4.9m as a strategic investment from JCB in March 2015. The Company signed a forecourt siting agreement with Shell in September 2015. The Group currently has £16.85m of projects under contract and a further £4.15m of contracts in the final stages of negotiation, totaling £21.0m, subject to exchange rate variation. ITM Power is a founder member of the Social Stock Exchange.
Ceres Power Holdings Plc is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. Ceres Power’s unique, patented SteelCell technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning it can be mass produced at an affordable price for domestic and business use. The company offers its partners the opportunity to develop power systems and products using its unique SteelCell technology and know-how, combined with the opportunity to supply the SteelCell in volume through its manufacturing partners.