Ceres Power Share Discussion Threads

[skinny] 08/10/2024 10:14

The declared short position is 0.58%.

From the latest Total Voting Rights RNS :-

The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 193,555,610.

So at least 1,122,622.54 short ?

[genises] 07/10/2024 22:43

The Bosch Group comprises Robert Bosch GmbH and its 440 subsidiary and regional companies in about 60 countries. Including sales and service partners, our global manufacturing, development, and sales network covers almost every country in the world. We also bring these strengths to our hydrogen technologies. Our factory in Bamberg is the main factory for the central components of the hydrogen technologies. The existing expertise can be transferred to Bosch locations throughout the globe.

[genises] 07/10/2024 21:46

I calculate 800,000 short left to close or 600,000 of buys by a investment company today 400,000 and 200,000 on Thursday

[genises] 07/10/2024 21:40

Think you are abit behind on Germany.2023

Robert Bosch GmbH will receive EUR 161 million (USD 176.9m) from the German government and several states to finance the development of large-scale production of stationary fuel cells.

The federal government will provide 70% of the funding with the remaining 30% coming from the states of Baden-Wuerttemberg, Bavaria and Saarland.

The grant is awarded for the Bosch Power Units project which has an IPCEI designation. As part of the project, Bosch aims to start mass production of highly efficient solid oxide fuel cells.

The funding comittment was handed over by German economy minister Robert Habeck during his visit to the Bosch research centre in Renningen, Baden-Wuerttemberg.

"Supplying the country with hydrogen from renewable energy will be crucial in the future in order to achieve the climate goals," said Baden-Wuerttemberg's prime minister Winfried Kretschmann who also visited the research centre in Renningen.

“We are extremely pleased that Bosch is now the first major European company to be able to start mass production of highly efficient solid oxide fuel cells thanks to the funding commitment from the federal government and it fits in perfectly with our hydrogen roadmap,” Kretschmann added..

Bosch is launching its stack into factories and data centres supported by the government.
What’s the Uk government doing


Can you not see where this is going
Check Bosch cell stack website and watch the videos 🚀💰💰

With global manufacturing companies coming on board think what price Cere will be in 2027 2030.Certainly not £3.00

[frdjacob] 07/10/2024 20:52

Should be good news for our partnership with Bosch?

[pj84] 07/10/2024 19:28

I wish we were more like Germany with regard to Hydrogen infrastructure.

[skinny] 07/10/2024 14:48

1+ year high @312p

[mr waite] 07/10/2024 12:22

Looks like we will be rejoining the
FT 250 in December if the price goes over£3.00 then the investment companies will be adding.

[genises] 07/10/2024 08:32

Can see this moving up again.
Investment company still buying.
Still have a short of 1.4 million shares
With only 22 million shares owned by Private investors

[genises] 06/10/2024 19:29

Last week, Subhasish Mukerjee (Chief Scientific Officer at Ceres) joined Mr Ko (Director of Strategy at #DoosanFuelCell) on stage at the #H2Meet Conference in #Korea, for a joint presentation on the benefits of Ceres’ #SOFC #technology.

[mr waite] 03/10/2024 16:48

I always look towards the finance guy in share buying as normally they will know what’s happening before it happens.

[steeplejack] 03/10/2024 16:14

He's bought 20 grands worth which isn't mind boggling but yes its clearly bullish.

[genises] 03/10/2024 15:52

A clear signal strong buy.

[mr waite] 03/10/2024 15:45

Nice to see the New CFO buying shares must think like the rest of us it’s undervalued.

[mr waite] 01/10/2024 19:51

We believe Ceres can win more partnerships,” UBS noted, adding the firm had become a “de-risked enabler of green hydrogen”.

This includes as ongoing efforts toward electrification place strain on power grids, analysts said, taking the total addressable market for green hydrogen above US$1 trillion (£0.75 trillion) by 2030.

‘Buy’ was the rating from UBS, which also hiked Ceres’ share price target from 450p to 480p

I suggest
Hold and wait for the next partnerships!!

[genises] 01/10/2024 11:24

Look at it we were the first in developing oil.
Same scenario but in Cere case Hydrogen cell stack they have global companies to Manufacture and pay royalties and the global companies will continue to come.
Cere are very picky on who they will sign to make sure each company will suit/develope and have the supply chain in place.

Good luck Iam fully maxed out.

[mr waite] 01/10/2024 07:20

Ceres earns revenue by licensing its technology to new partners, through engineering services, technology hardware to support these partners develop factories for mass production, and royalties. For every kW sold to the end market, Ceres receives a royalty payment, provide high-margin revenue.

[mr waite] 01/10/2024 07:06

Tony
Knowing how good you are at research and figures I suggest look at the companies websites on cell stacks.It why I invested after Genises recommendation.
The future will not be oil!!

[genises] 01/10/2024 00:17

What anyone writes here won’t make one iota of difference as to how this stock performs.
Yep it’s what the investment companies think will move the share price and closing of the 1.4 million short.

[genises] 30/9/2024 23:54

Outlook: building commercial traction

Ceres is progressing well on the path to commercialisation with our partners. The biggest global manufacturers and systems developers looking to enter the dynamic hydrogen market have chosen to partner with Ceres to leverage our world-leading technology and a highly flexible licencing business model to gain rapid access to the growing hydrogen market.

In a short period of time Ceres has progressed from investment phase in SOEC to commercial partnerships, validating our business model and strategy. This acceleration of our commercial success is reflected in the recent upgrade to financial guidance and positions us well to deliver a record year in revenues for the Company. Record order intake of £103.3 million since the start of the year to 31 August 2024 was achieved by the Company due to the higher levels of commercial activity. Given the recent restructuring and commercial progress we are now well positioned for the future and expect continued momentum for the full year performance as we continue to grow the business to meet the needs for industrial decarbonisation and reliable clean power generation.

[genises] 30/9/2024 23:53

Restructuring and cost optimisation

Following significant investment in the development of SOEC and SOFC programmes in recent years, some projects have passed peak investment requirements and there is now a natural reduction of future investment requirements. Since the end of the period, management has reviewed roles and responsibilities across the company to ensure the business is optimised to accelerate its growth strategy and has implemented a new organisational structure to take it forward. The proposed changes will result in a headcount reduction of approximately 15% in Q4 2024, and also a reduction in the overall cost base by a similar level, whilst also delivering on our commitments to our partners and maintaining our strong competitive advantage as a leader in clean energy conversion technology.

[genises] 30/9/2024 23:51

Commercial acceleration into SOEC bearing fruit

In 2021, Ceres made the strategic decision to accelerate development of its electrolysis technologies to position the company in the rapidly expanding green hydrogen industry. Over the last three years continuing innovation of the company's core solid oxide technology has created a highly efficient and lower cost mode of hydrogen electrolysis for the hard-to-abate industrial sectors. At the same time the Company invested in its Commercial teams to implement new customer programmes for SOEC; this emphasis on building commercial relationships across the hydrogen industry is now starting to bear fruit.

In January 2024 Ceres and Delta Electronics signed a global long-term manufacturing collaboration and licence agreement for both SOEC and SOFC stack production. Headquartered in Taiwan, Delta employs over 80,000 people across approximately 200 facilities worldwide, with a Taiwan Stock Exchange market capitalisation of approximately US$23 billion. It provides solutions to customers across a range of sectors including chemicals, energy, transportation and steel.

This dual licence agreement is the first of its kind for Ceres, underlining the efficiency that Ceres' solid oxide stack technologies can bring to both power generation and green hydrogen production. These capabilities complement Delta's current expertise in mass manufacturing, power electronics and data centres for customers like Microsoft. The partnership also enables its move into turnkey decarbonisation solutions and the development of smart buildings, energy infrastructure, grid balancing and energy storage for customers such as Tesla. The deal will generate a total revenue of £43 million to Ceres through technology transfer, development licence fees, and engineering services, of which approximately half is expected to be recognised in 2024. Delta is expected to start manufacturing by the end of 2026 with strong ambitions for future scale-up. Royalty revenues are separately covered in the scope of the agreement and will be generated when Delta products are sold into their end markets.

In June 2024, the Company extended its relationship with Shell to design a SOEC demonstrator module for use in large-scale industrial applications such as synthetic fuels, ammonia and green steel. This builds on the initial contract to deploy a 1MW SOEC system at Shell's R&D facility in Bangalore, India focusing on the development of a 10MW pressurised module to produce green hydrogen at 36 kWh/kg. It is intended that this design can be scaled to hundreds of megawatts and be integrated with industrial plants to produce sustainable future fuels.

Separately, Bosch and Linde started work on a 1MW pressurised stack array module based on Ceres' SOEC technology. This will be a repeating unit and form a building block for larger scale electrolysis systems. The two-year demonstration project is anticipated to showcase that SOEC provides a highly efficient pathway to low-cost green hydrogen production for industrial applications.

As the Company has accelerated commercial delivery, the momentum of the first half of the year has continued into current trading. In July 2024, Ceres announced that it had signed a long term SOEC manufacturing licence with Japan's Denso Corporation, a Fortune 500 company employing over 160,000 people in 35 countries and regions worldwide. Denso aims to leverage the expertise of system control and thermal management it has built in automotive system development to develop technology in hydrogen production.

The partnership will enable Denso to produce Ceres' current and future generations of stack technology under licence, in line with its aim to establish a hydrogen supply chain. In common with other manufacturing licence partnerships, this agreement provides revenues for licence fees, engineering services and hardware over multiple years, as well as future royalty payments.

In addition to securing new manufacturing licences, Ceres also signed a new system licensing partnership with Thermax, one of India's largest process equipment manufacturers with an extensive industrial portfolio that includes clean air, clean energy, clean water and chemical solutions. The partnership is driven by accelerating system development for commercial use within the hard-to-abate green ammonia, petrochemical and steel industries in India where Thermax already has established market presence.

System licence fees are more modest than manufacturing licences, but this partnership is of high strategic importance for Ceres. First, it gives the company a foothold in the fast growing Indian hydrogen market, a major new territory for the Company that is well supported through India's $2.3 billion National Green Hydrogen Mission incentives. Secondly, the relationship will seed Ceres technology into the market with key end market customers, leveraging Ceres' highly differentiated electrolysis technology and Thermax's experience and market position in the industrial process market, to enable it to become a vertically integrated SOEC system solution provider.

As well as helping our partners to speed up market entry of their decarbonisation products, Ceres has been working with AtkinsRéalis, a world-leading engineering, procurement and construction (EPC) services group, to deliver the front-end engineering design (FEED) for a commercial multi-megawatt modularised hydrogen production system based on Ceres' SOEC technology. This design will provide commissioners of green hydrogen production plants with a blueprint of the optimum system architecture for a 100MW+ electrolyser system to produce green hydrogen. This will be a key building block for GW-scale plants based on Ceres' robust, low cost and highly efficient SOEC approach.

While Ceres has focused on generating commercial momentum in its electrolysis activities we continue to work closely with existing SOFC partners to support the implementation of their respective solid oxide cell and stack manufacturing facilities. Both Bosch and Doosan are progressing towards mass manufacturing and the Company continues to anticipate initial royalty payments from Doosan to be received by the end of 2025. We continue to support the system development of 75 kW power modules by Weichai who have a leading position in China's gas engine market and Delta is the latest addition to our SOFC licensees.

[genises] 30/9/2024 23:47

Hi Tony
Your questions my answers

1) pull up a 5 year chart and its bouncing off multi year lows even though it’s moved up sharply over the last week or two. It’s still sitting about 1/5 of all time highs

Answer
Spikes
China Bosch contracts caused the price to spike
Ukrainian war.Requirement of a different energy was required Hydrogen)
Environment
Expectations of Cere moving to the main market joining 250.

Spike drops
China/bosch delayed several times.
At the time cash burn was very high and no insite for new contracts.
Would the company run out of money was on a lot of investors minds.
Dropped out 250.
2) the revenue is well down on where it was 3-4 years ago and has been loss making from what I can see the last 3-4 years
Answer
Revenue fluctuations came from upfront payments by Bosch and Weichai and then Doosan.
Loss making
Cere work force over the years has increased to nearly 600 and funding of their technology .

What’s the investment thesis here and what
Makes you think they have turned around the ship?

Answer
3 new global contracts so far this year
Dosan starting full scale manufacturing beginning of 2025
Bosch also in 2025 Bosch targeting data centres factories and homes

China contract expect to see a manufacturing contract 2025 in partnership with Bosch.

All contracts are non exclusive which gives the scope for several more global companies to come on board.
Environment
Government grants being given to companies who have the tech to take carbon emissions to zero
(Not Uk )
Bosch I read they received €160 million from the government as a grant.
Bosch backed by German bank on cere cell stack.

She’ll
Trials completed end of next year.

Cere rejoins the top 250.

Cere costs being reduced by 15%

Buy now and expect the above in 2015 which will propel the share price to what price who knows.

[wilmer100] 30/9/2024 23:21

I've tried to do some long term projections for a bit of fun nobody can predict the future.The numbers I'm using are:£75m per gigawatt.3 Gigawatt of SOFC and SOEC stacks produced by partners.By the year 2030Then using a PE of 20, 30 would probably be more reasonable.Anyway if they can get 2 licencees a year which would be break even, keeping the company cash neutral until the royalties kick in.When will they receive royalties for 1 Gigawatt, maybe 2028?Another 8 licencees between now and then. Exponential royalty income from that point as each partner factory starts producing and selling in series.A very special unique model.Lots to look forward to hopefully.I know what I've written is a little rambly and disconnected