Ceres Power Share Discussion Threads

[scrutable] 02/11/2016 08:12

Today's RNS: Version 4 of the Steel Fuel Cell " has been released to customers on time and on budget, reinforcing the Company's reputation for successfully executing against its technology roadmap. Higher power density and start-up timescales compatible with vehicle applications have been proven, making the platform increasingly commercially attractive in a growing number of markets (see video here: Technology Update)

Ceres Power's existing and potential partners will benefit from SteelCell version 4, and with further exciting core technology developments on-going, the Company fully expects further improved iterations of the SteelCell platform to be released going forward. The net electrical efficiencies now being delivered led to an award from the US Department of Energy, which will see Ceres Power working with global power leader, Cummins, in the development of technology for the emergent data centre market (see release here: Ceres & Cummins).

Mark Selby, Chief Technology Officer at Ceres Power said:

"A year ago Ceres Power committed to delivering SteelCell version 4, and the latest advancements successfully incorporated are testament to the team's ability to execute. The primary objective to reduce manufacturing costs was achieved through removal of over 20% of the processing steps and improved material utilisation. The performance of the platform has been further improved to deliver in excess of 50% net electrical efficiency in prime power applications. Performance through 1000s of rapid hot/cold cycles has also been confirmed, to the point that compatibility with vehicle and genset applications is being demonstrated."

excellent news:
1) version suitable for vehicle applications

2) "an award from the US Department of Energy,"

3)" reduce(d) manufacturing costs.... achieved through removal of over 20% of the processing steps and improved material utilisation"

4)performance of the platform ... further improved to deliver in excess of 50% net electrical efficiency in prime power applications

No mention of any successful developments jointly with Honda or Nissan but powerful remarks on the association with global giant Cummings.

Ceres' long arduous development concentrating on perfecting a very low cost, basic steel cell, to avoid the disadvantages of the more general ceramic approach, seems to be pulling ahead of the global fuel cell pack in developing the technology and may become the generic licensing solution for the process. If so this has gigantic implications not remotely in the price at present.

[scrutable] 27/10/2016 18:44

P/O

No longer fully true since sterling Brexited down nearly 20% to EU1.12 to the £1.00, making Horsham very competitive. Not that that is likely to be decisive since I imagine that a volume car maker would end up producing the FC under licence.

I wonder why there has been no public comment on the type of FC used in the Honda Clarity FCX model, (FC fitted below the floor and probably fitted in japan). Several of these are on the road in California near H2 filling stations since selectively made available for $600/month in 2014. Plenty of people will have seen the FC at close quarters At the NY motor show this year Honda showcased an upgrade concept with an extraordinary max range of 435 miles in substantial improvement over the Toyota Mirai's 300, THe FC was more elegantly and safely placed under the bonnet.

I hope we will get some hint of Honda's choice of FC from CWR's FY results due Tuesday 8 Nov or at least a month later at the AGM, which has always included a tour of the Horsham works

see also


target='window'>http://www.carbuyer.co.uk/news/150824/honda-clarity-fuel-cell-prices-specs-and-release-date

target='window'>http://www.autocar.co.uk/car-news/motor-shows/honda-bring-hydrogen-powered-fcv-market-2016'https://en.wikipedia.org/wiki/Honda_FCX_Clarity'

[pierre oreilly] 14/10/2016 12:54

Manufacturing their own stuff was the big strategic error imv. Doing that in one of the most expensive parts of the uk is just unbelievable.

[mrphiljones] 14/10/2016 10:50

Gobsmacked these are still at 10p to sell.....They'll land at 8.75 to buy at some point next week they always do......;-(

[pottermagic2310] 14/10/2016 10:48

What do people think the share price will settle at following this latest Fund Raise and issue of Shares next week ?

[sallad3] 29/9/2016 18:46

The shareholder circular is on the website.

[sophiegb] 29/9/2016 15:49

Proactive Investors is here:

[kwizza] 29/9/2016 13:56

More partners to come for Ceres Power as reputation grows – CEO

11:45 29 Sep 2016

www.proactiveinvestors.co.uk/companies/stocktube/6070/more-partners-to-come-for-ceres-power-as-reputation-grows-ceo-6070.html

[smokey 1o3] 28/9/2016 17:33

General Meeting of the Company, which is expected to be convened by the publication of a Shareholder circular to be published not later than the 29 September 2016.

Look forward to that tomorrow.

Hope it gives some really good information and not just full of platitudes.

[petebarnes1] 28/9/2016 14:57

mrphil is de ramping all over the place

[nivison] 28/9/2016 14:29

Quite agree. Fundraise should come as no surprise to anyone. Hoping to pick up a few more at about the 8.75 level, although that looks a bit unlikely at the moment.....

[pottermagic2310] 28/9/2016 14:17

Inevitable but I too expect the share price to hold firm about the 8.75p mark or better. The IIs must see/know that the next 12 months should see good traction in terms of finalising development of Products with different Partners for exploitation of the various Markets.
If the share price drops down to about 8.75p in the near future I'm going to get some more... in for a Penny, in for quite a few £s

[cerrito] 28/9/2016 13:34

We have known about the need for this equity raise for over a year.
Top bad no open offer for existing holders especially as they had all the time in the world and somehow I do not see the price falling below the equity raise price

[mrphiljones] 28/9/2016 13:06

How many times is this now I've simply lost count..........

[gnnmartin] 28/9/2016 12:38

Good news on balance though, I reckon. A bit of a disappointment since it looked set to rise, but the money is needed. The rise could very well restart.

[angus17] 28/9/2016 12:34

seen this before with another of my disaster shares Torotrak. Funding after funding after funding with promises of production and putting the company in a good position to negotiate etc etc etc

Coblers to them all

[pottermagic2310] 21/9/2016 17:48

Could be this Friday for the 7th October ?

[angus17] 20/9/2016 13:11

notice of results should have been given by now if first week of October is release date like last year.

hhmmmm

[pottermagic2310] 20/9/2016 12:32

We're surely due some very belated Year-End Results sometime very soon and maybe whatever is going on in the background regarding Fund raising, Partnerships and 'who-knows-what?' will have to come to light aligned with that Report ?

[smokey 1o3] 19/9/2016 21:36

CE's Statement Feb 2016

"Looking forward, our V4 release to customers is on track for mid-2016 and serves two primary purposes: preparing the technology for scale-up, as well as improving performance and reducing cost further."

Why no news it is now Sept?

[beeezzz] 19/9/2016 14:44

FC companies have never made a profit, non of them so far...they live on grants and subsidies. When will they actually take off, these caught my attention after receiving another EU funding.. Are there any other trials going on in EU? or are CWR first to market in home generation FC...

Many have come and gone CFU, acta,

[scrutable] 19/9/2016 14:14

I would be surprised if they get the talented person they are advertising for at £40-47k/pa!!!

I realise that they are very short of cash. At the end of last year they had not more than eighteen months of cash burn - unless they have earned some hefty undisclosed licence fees in between.

Actually, I think that the competitive position of the Ceres steel cell is extremely strong, and might well be best-0f-breed. Since the japanese have I think installed more fuel cells than anyone else, the emergence of a Honda car, together with the Nissan joint venture and Korean KD Navien boiler suggest a bright future for CWR.

[howling] 19/9/2016 11:39

FUEL Cell Test Manager
re&m - Home Counties
£40,000 - £47,000 a year
Permanent
Apply from your phone
A world-leading innovator in Fuel Cell technology seeks an experienced and high achieving Test Manager. Working on various aspects of Fuel Cell Modules within Combined Heat & Power systems inclusive of Short Stack Fuel Cells, you will be responsible for managing the company’s Test Operations from designing the technology behind the test systems to aid volume product development, through to managing a team of Test engineers and commissioning of sub systems. Looking at issues such as hydrogen extraction, flue gas exhaust, heat transfer / dumping, cell efficiency and cell change you will be experienced in the design, build and commissioning of complex mechanical systems comprising high temperature operation, pressurised sub-systems, gas & liquid flow control, electronic controls, power electronics, test stands, gas sensors, pressure sensors and associated test meters/instrumentation; including developing automation control of such systems. You will ensure high competence in test data management and analysis ideally experienced with STARS data capture software in automated test systems. Working in conjunction with multi-functional specialists such as Mechanical Engineers, Chemical Engineers and Systems Engineers you will oversee corrective action reporting and ensure resolution. Advantageous would be experience with CCAR process. As a Team Manager you will be responsible for a highly technical medium sized team and have experience of managing small to medium size teams in a high technology environment. This will include being a good organiser of people, a strong motivator, and undertaking team members performance assessment and development. Ensuring your team’s health and safety needs are met is also important so good knowledge of HAZOPs and Risk Assessment techniques are essential. BSc+ in Mechanical Engineering, though of equal value could be BSc+ in Chemical Engineering or Electrical Engineering ideally experienced in Test Engineering of Fuel Cell technology such as Solid Oxide Fuel Cells ( SOFC ) and Short Stack Fuel Cells. Preferred experience includes having worked in a structured product development/manufacturing environment where methodology such as Lean Manufacturing, 6 Sigma, FMEA or TQM are utilized, though ideal would be use of 5S methodology using Scrum / Sprint organizational techniques. Also of interest will be candidates with experience in systems involving gas temperature and pressure control or gas / liquid flow control such as the microCHP (i.e. Micro Combined Heat and Power), Automotive, Aerospace and Hydraulics industries. SKILLS: Fuel Cell, Test Manager, Combined Heat & Power, Short Fuel Cell Stacks, Test Engineers, Hydrogen Extraction, Flue Gas Exhaust, Heat Transfer, Heat Dumping, Fuel Cell Efficiency, Commissioning, Mechanical Systems, High Temperature, Pressurised sub-systems, Gas Flow Control, Liquid Flow Control, Electronic Controls, Power Electronics, Gas Sensors, Pressure Sensors, Automation Control, STARS, Data Capture Software, Mechanical Engineers, Chemical Engineers, Corrective Action Reporting, CCAR process, Team Manager, Good Organiser, HAZOP, Risk Assessment, Mechanical Engineering, Chemical Engineering, Electrical Engineering, Test Engineering, Solid Oxide Fuel Cells, SOFC, Lean Manufacturing, 6 Sigma, FMEA, TQM, 5S, Scrum / Sprint, microCHP, Micro Combined Heat and Power, Automotive, Aerospace, Hydraulics. REF: RR / 66340

[speccy1] 18/9/2016 20:00

I really, really hope so

The joint development agreement announced in January certainly makes it a possibility

"Ceres Power Holdings PLC (AIM:CWR), is pleased to announce that it has signed a new Joint Development Agreement with Honda R & D Co Ltd (“Honda”) to jointly develop Solid Oxide Fuel Cell stacks using Ceres Power’s unique metal supported Steel Cell technology for a range of potential power equipment applications."