Ceres Power Share Discussion Threads

[frdjacob] 19/4/2024 18:45

(Think this is from 2021)The joint development agreement will aim to improve and accelerate RFC's technology through the use of Ceres' capabilities in electrochemistry and device engineering. In exchange for the work done, Ceres will receive an 8.4% shareholding in RFC. Ceres has the opportunity to assess RFC's technology in this period and if the technology proves compatible to Ceres' strategy, Ceres has a 12 month option to acquire the balance of the outstanding share capital in the company for up to £25 million. This comprises a 50% initial payment on exercise and a 50% deferred payment based on commercial success, both payable in Ceres shares.

[frdjacob] 19/4/2024 18:39

How much of RFC Power does Ceres own?

[book5] 19/4/2024 18:18

They continue working with Shell
Latest news from Feb 2024
RFC Power announces continued collaboration with Shell GameChanger
FEB 2024
RFC POWER
RFC Power, a spin-out from Imperial College London, has been developing a manganese flow battery, with the support from ShellGameChanger RFC’s long-duration storage technology has potential to contribute to the flexibility required by a low-carbon energy system, enabling the increased utilisation of locally generated renewable energy and reducing reliance on fossil fuels.

The next phase of the RFC- Shell GameChanger collaboration builds upon the successful demonstration of RFC’s technology in real-world conditions and will focus on validating the low-cost potential of the manganese flow battery at grid scale.

“We are keen to continue the collaboration with RFC Power and are excited to see what the next phase will bring. Open innovation is important to accelerate decarbonization. Fast-track to decarbonization requires radical ideas, novel technologies and startups and entrepreneurs play a key role in this journey. They bring a different mindset and fresh perspectives to the net-zero challenge. Our programme helps startups to de-risk, scale and accelerate their development,” says Akilah LeBlanc, General Manager Commercial Innovation Partnerships in Shell.

Tim von Werne, CEO of RFC Power, commented: “We are very excited to announce this collaboration and continued support from Shell GameChanger, which comes as further validation of the unique technology we have developed at RFC Power. We have been working closely with experts from Shell over the last couple of years and are pleased to build on this productive relationship. The demand for safe, reliable long-duration storage is growing. Combining Shell’s expertise, global reach and financial support with RFC’s innovative energy storage technology makes the difference.”

[1teepee] 19/4/2024 18:10

After watching the presentation, I really can't believe this is so low. Looks like a few more years and this will be mega

[book5] 19/4/2024 17:51

2024 investment decision time for Ceres:

RFC Power expands its partnership with Ceres to accelerate the development of its unique flow battery technology
MAR 2023
RFC POWER
RFC Power continues to hit key milestones towards commercialisation
Ceres has increased its stake in RFC Power
World’s electricity grids could require as much as 85-140 TWh of long duration energy storage by 2040
London, [02/03/2023] – RFC Power is developing the world’s lowest cost flow battery, a disruptive grid scale energy storage solution to the intermittency challenges arising from the increased use of renewable energy. Following an initial agreement in 2021 to develop and validate RFC Power’s core flow battery technology, Ceres has now increased its investment in RFC Power and has an option to acquire the outstanding share capital of the company in 2024.

RFC Power’s rechargeable redox flow battery – a hybrid between a fuel cell and a battery – stores energy highly efficiently at high energy density using a patented hydrogen manganese chemistry with core materials that are abundant, inexpensive and non-toxic. After achieving impressive milestones in 2022, including 1kW of continuous discharge power, RFC Power is gearing up to demonstrate a complete system and to accelerate the technology to a commercial scale.

Long duration energy storage (LDES) is an essential requirement for the transition to a zero-carbon future. LDES technologies smooth the peaks and troughs of intermittent renewable energy supply and fluctuating demand enabling reliable zero carbon electricity supply – releasing solar power at night, or storing wind power for a up to a month. The Long Duration Energy Storage Council estimates that the world’s electricity grids will need to deploy 85-140 TWh of long duration energy storage by 2040 with a market potential of USD 1.5 to 3 trillion.

Mark Selby, Chief Innovation Officer of Ceres and a Director of RFC Power commented: “RFC offers a long duration, high energy density, and high efficiency grid scale battery technology using inexpensive and readily available materials. In the 15 months we have been working together, I have strong conviction in the technology and am extremely excited to see what our future partnership holds.”

Tim von Werne, Chief Executive of RFC Power added: “In 2022 we successfully demonstrated more than 1kW of continuous discharge power and we are confident of hitting further milestones in 2023 with the support of Mark and the Ceres team. Energy storage has an essential role in the transition to a low carbon energy system, and our partnership with Ceres brings much needed engineering and commercial expertise to bridge from technology development to market scale.”

[ch1ck] 18/4/2024 12:52

Well this strong move up is not unexpected. Let's hope it builds on this over the next few weeks and months.From the conference call I suspect there are more deals in the pipeline but the CEO is reluctant to say anything as he gets hammered if he indicates anything positive which is not immediately delivered

[richpassi] 18/4/2024 10:36

5.13% increase @ 10.35am should equate to probably 2% Decrease by 16.30 ;)

[book5] 18/4/2024 10:14

Mac
Exactly right!

[mjcferguson] 18/4/2024 09:30

Or better,announcing more contracts!

[yellowf123] 17/4/2024 18:04

BMP just reduced their investment here, not a great sign of confidence.
Come on Phil C, start reducing those overheads and cutting the 600 headcount.

[skinny] 17/4/2024 10:47

FWIW :- Bryan Garnier cuts Ceres Power price target to 190 (220) pence - 'neutral'

[lawson27] 17/4/2024 09:39

Back in this morn on the dip, hoping to see this one bounce from here @132, RNS revealed all, no more skeletons, GLA

[book5] 16/4/2024 10:12

yesterday CWR outperformed
Hydrogen ETF -3.5%
FuelCell Inc -7.5%

Who are our main competitors?

[cerrito] 15/4/2024 17:22

Somewhat to my surprise I bought some more after listening to the IMC call.Too bad I was not quick enough to buy under 130p.
The current marcap is £270m. They have got cash flow under control(and I got what Eric said that last year working capital reduction was a one off) for this current FY.
It was as always a good solid presentation from Phil. I was always rather put off by him in the days when we had the AGM at Horsham as he would talk about climate change in rather a blue sky way and good that we could focus today on business issues.
Interesting that doing zero at thr moment in the Americas but seem to have enough on their plate.
Good to be reminded that Delta is both SOEC and SOFC.
I recognize that no concrete events on the immediate horizon to trigger a rerating of the shares..at least until later in the year with news of the commissioning of the Doosan plant. Let's hope we get another Delta type deal, or news from Bosch/Linde or indeed something from Weichai before too long.
.

[fundenergy] 15/4/2024 16:50

It should be really easy for Ceres to pick up many £10s million just by signing Bosch & Doosan up for SOEC

[skinny] 15/4/2024 12:16

Some PR :-

[brucie5] 15/4/2024 12:11

Thanks Skinny.
Chick,I hope this works out well for you.
My speculative money is currently on OXB, which has actually formed a base, though not yet a BO patttern.
Either of which needs to be in play here.
Likewise ONT which looks like touching down soon - but not quite yet.

So is 1.40 the bottom?
Do you feel lucky?

[skinny] 15/4/2024 11:59

Brucie - yes it is - I'm feeling more upbeat here.

For anyone that didn't see it :- .

[ch1ck] 15/4/2024 11:59

I will be interested to hear what the big players who attended in person and not via media links have to say.It seemed that the biggest concern in the room was cash burn and future partnerships.This question was answered with cost reduction was in play and head count was at the forecast peak. With three revenue streams in play and one more due next year income is set to double on current signed dealsI'm happy to have picked up below 140

[ch1ck] 15/4/2024 11:51

LTH It's a fair point this is a growth company spending on R&D and engineers and back office staff.I would be worried if the money was being wasted but this is future development and costs are falling and revenue streams are increasing.From the company report"Operating costsOperating costs increased to £76.6 million (2022: £66.1 million1) as Ceres increased investment in core technology to drive future growth, including the second generation of stack and a significant investment in the megawatt-scale electrolyser. The largest category of spend is R&D, which increased to £54.0 million (2022: £48.5 million1). The average number of persons employed by the Group in the year increased to 590 (2022: 536). Now that we have critical mass of engineers, scientists, electrochemists and other technical employees, we don't anticipate headcount increases in 2024.

[seball] 15/4/2024 11:10

Break Even 2027 I think. Still surprised we are under 200p and recent director buys. Any sign of China deal which will be in 2024 imo and these will be over 400p. Buy and hold Good luck all

[tractorhead] 15/4/2024 11:09

LTHTRUST, this is a nascent sector. Rome wasn't built in a day. They are well placed to succeed. Great IP. Decent amount of cash. A good deal in the bag. More coming.

It will take time. But they have a good chance.

Always risk with young companies.