|Due to Gatwick, I'd say every level of labour is readily available in the area .... at a cost. I think they can forget about attracting labour from the north or elsewhere simply due to house prices. Why they decided on Horsham I'll never know, although the place itself has a lot going for it. We live close by and visit often for various reasons. The factory looks about a 10/15 Min walk from the train station, if Google maps is correct. If their FCs take off, I expect they'll produce in China won't they?|
|Cerrito: Its currently relatively easy to get labour in Horsham because its just a stones throw from Gatwick airport (good rail and air links)... 20 minutes by car... As long as we still have free movement of people around the EU.|
|Thanks for that link kwizza and good to see his enthusiasm.
As you say Scrutable hardly one new fact but that is often the case in interims for companies in CWR's position; good to read about reduced cash burn and extra shifts- though I wonder how easy it is to get labour in Horsham.
What we are missing is any timeline for revenue generation- will probably have to wait till December AGM to get some insight into this.|
|I joined you lot today. Trying to recover some of my loss last time i ventured into these - bought in 2010 @ 74p, sold 2012 @ 12p.
The story was the same then - on the point of commercialisation!
Only this time it looks like they really are.
I like the jv with an established general engine producer., the cash already raised, the expanding orderbook, the scale up of manufacturing. Very surprised it didn't rise much today.|
|Down? What on earth is that about? Oh yes - guess I should mention that I added earlier.|
|Ceres Power Holdings' boss talks through an "excellent six months"
We're off... everything comes to he who waits... and how I have waited
Two new development agreements signed in the period, bringing total to four including with Honda, Nissan, Cummins and a further global OEM
o First 'go-to-market' agreement signed with global OEM to develop and launch highly efficient combined heat and power ("CHP") product for business markets
-- Strong revenue and pipeline: Revenue and other operating income for first half year tripled to GBP1.5 million (FH1 2016: GBP0.5m). Aiming for full year to at least double. Order book of GBP4.8 million as at 31 December 2016 and 3 new evaluation agreements underway with potential future partners.
-- First significant US commercial success with global power leader Cummins & the US Department of Energy to develop an energy system for Data Centre and commercial scale applications
-- New market opportunities enabled by rapid progress in SteelCell(TM) technology. The improvements in efficiency, robustness and power density have opened up new high growth power markets in commercial/business sectors
-- Successful fundraise: GBP20m placing enables continued investment in business and technology|
|looks good. Cheers|
|Hardly one new fact in the increasingly confident Interim financial results reported today except for tight lipped, impressive CEO, Phillip Caldwell's phrase
"In the near term, additional demand is being met by increasing manufacturing capacity in Horsham through the addition of a 3rd shift pattern along with bringing through improvements to key process steps. Beyond this, we are beginning to explore a number of options for further manufacturing scale-up.
The unique Ceres steel cell has gradually pulled ahead of all global fuel cell contenders in several markets extending from, originally,just dometic heating, to data centres and electric vehicles to replacing the properly maligned and NO poisoning, ubiquitous diesel engine as a stand alone power source of 60% electrical efficiency - way above the 41-45%max of diesel and 20-40% for petrol.
This is a simply vast difference, affecting heat engine markets everywhere, raising the energy yield by a third and points to a major new industry for the UK.
I see a future for Ceres not out of comparison with ARM, as a must have licence throughout all global energy systems in 10 years time.
This is now one hell of an opportunity to get in at the very bottom. The share price was once 400p, and after some dilution is now just under 10p during which time the IP quality and quantity has ballooned. The possibilities are now much more than 10-bagging. They are simply off the scale.|
|Fuel cells may be the future, but Ceres Power is quietly developing them in the UK now
15:42 27 Feb 2017
|Thanks to MinesJ on lse listen on twitter to @GilesArbor two interviews one with Phil another with sector analyst... good stuff.|
The steel cell, unique to Ceres, has incorporated four previous levels of development and is now rugged enough to stand the many cycles of stop-start needed,. It operates at a lower temperature than other SOFCs, prolonging the life of the active ceramic coatings used, and is designed for mass production. It is designed by an industrially minded management, not by boffins as at ITM and IEH, AFC etc, and will be very profitable to make and sell for car firms and boiler makers etc to buy and build into their products.|
|scrutable - I don't see any chance for Ceres with its fuel cell in vehicles. It's not suitable as a primary source of electricity, and with most new battery cars having a range of 300km+ there's little need for a range extender.
Maybe in mchp, but there's insufficient information available to position it vs the competition (of which there's plenty, as the ene.field project shows).|
How do you know about the directors testing the CHP products in their homes?
|All good stuff, but will they ever make any money ?|
|Having had a small investment in this company for several years, and attended three AGMs in a row, I have seen the stature of the management grow consistently across all functions, ahead of its current minimum need, which has therefore always pointed confidently to further technical development and market expansion. Their business model is far sighted and one can already see the foundations of their future global share through maturing of partnerships with Nissan, Honda, and Cummins, in key industrial sectors: stationary and portable power generation; motor cars and electric vehicles (light vans, fork lift trucks etc; and domestic and institutional CHP (space and hot water heating)
Listed in 2004 at around 132p the share price reached 409p in mid 2007 before the company realised the futility of trying to develop and finance mass production and changed its model to IP development and licensing to global partners. In this one can already see the incubation of success, with the partners they have impressed, and from a debilitated share price of 9p they rose today by 7% on today's trading update, whence I confidently expect them to ten bag by next year once the fruits of commercialisation become plausible, and even visible..
The first CHP products are being tested out in Directors' private houses and seem to show a 30% reduction in fuel bills. Thermal efficiency has already reached the unprecedented level of 92%, with electrical efficiency touching 55%, also stunning. This points to a revolution in developing countries who will be encouraged to add electricity generation at the point of need instead of wasting nearly 10% of it in long distance grid distribution.
In the automotive market pollution has reached a health hazard limit forcing the mayors of every large city on earth to embrace the complete banning of diesel and replacing it at least with electric vehicles preferably hydrogen fuelled,.where the high cost of batteries, their weight, and the increasing scarcity of the lithium needed, point to the need for a hydrogen fuel cell driven option, which Nissan is pursuing and hopes to launch in 2018
In the meantime, unless something totally different emerges from science. The Ceres well patented steel cell, remains untouchable by competition|
Good News... is a snowball effect developing ?|
|Trade of 6.5 million - it wasn't me. Suggested something in the air?|
|Merry Xmas and may our New Year power ahead like no other
|OCEANWOOD CAPITAL MANAGEMENT have increased their holding by >50% (or +27million)
Looks like a +ve move to me
One of the strengths of CWR is it's very committed share holder base. This was seen on the AGM where the voter turnout was 78pc very high for a company like CWR|
see message 5598 and listen to the recording by MD.
Cash resources vg after the £20 million raising and he says sufficient with improving income..|