Ceres Power Share Discussion Threads

[yellowf123] 04/10/2023 18:57

looks like Bosch are using a PEM system for electrolysis rather than Ceres.

hxxps://www.bosch-hydrogen-energy.com/electrolysis/

[brucie5] 04/10/2023 17:08

The Company was notified on 3 October 2023 that Phil Caldwell, CEO and a PDMR of the Company, exercised share options under the Ceres Power Holdings plc 2004 Employees' Share Option Scheme and retained all of the shares. Details are set out below:


Name Share Shares Total Option Share Shareholding
options purchased shares exercise purchase after transaction
exercised acquired price price
Phil Caldwell 11,859 81,746 93,605 85.4p 320.4p 365,888
----------- ----------- ---------- ---------- ---------- -------------------

As part of the exercise of share options by Phil Caldwell, he acquired a total of 93,605 shares in the Company, of which 81,746 shares in the Company were received in return for 123,313 Employee Shareholder Status (ESS) shares in the Company's subsidiary, Ceres Power Intermediate Holdings Limited, which had been acquired as a modification to the unexercised 2004 Employees' Share Scheme options in 2014 and 2015. He also exercised 11,859 ESS-linked options in the Company. All of the shares acquired were retained.

[skinny] 02/10/2023 10:15

There were elements in the presentation where he 'couldn't say more at the moment'.

[scrutable] 02/10/2023 10:12

book
N American trucks ARE heavy industry....and...hydrogen IS stored energy, burnt like petroleum in a fuel cell, Bosch can't be using anything different to its CWR licensed power trains for what must be a £1-£2m contract to power 223 vehicles with x10 as many more to come in 2024.

[book5] 02/10/2023 08:38

Brucie51 Oct '23 - 17:34 - 1870 of 1871

After watching the videos

IMHO, CWR does not serve trucks but rather heavy industry, including ships

|During the next few years, the primary source of income will be “power” (converting hydrogen or gas to electricity).
However, it is looking into and bringing its hydrolysis technology into the market in the second half of this decade.

[1teepee] 01/10/2023 19:34

Omg it scrutty ;)

[brucie5] 01/10/2023 17:34

I'm assuming that's Cwr IP via Bosch..?

[scrutable] 30/9/2023 21:51

Coolidge, Arizona 28th Sept -
Nikola just announced their first 223 orders for HC (hydrogen fueled) powered (by Bosch) long distance haulage trucks - from 23 clients, simultaneous with the name of their new Canadian distributor, the main manufacturer for Canadian long distance haulage trailers. Initial capacity is 2400p.a. on three shifts.

From their announcement:...............................
"Progress is also evident on the fuel cell power module assembly line in Coolidge, scheduled for completion in Q4 of this year, with Bosch supplying these critical modules" . IMO that should generate a seven figure annual licence fee from Bosch. From my personal machinery business experience that could be 5-10% of say $5-10,000 for each Bosch SOFC power train.

further
"Today, we mark the official commercial launch of our advanced technology
hydrogen fuel cell electric trucks into the North American marketplace. It's a
testament to the relentless `'can do' attitude of our team and is a step closer
to realizing our vision of sustainable and efficient transportation," said
Steve Girsky, Nikola President and Chief Executive Officer. "As we head into
the fourth quarter, we are focused on delivering our trucks at scale and
securing our position as pioneers in the hydrogen refueling ecosystem to
support our customers."

Nikola's ground-breaking hydrogen fuel cell electric truck features a range of
up to 500 miles and an estimated fueling time as low as 20 minutes.* This
truck is expected to have among the longest ranges of all commercially
available zero tailpipe emission Class 8 trucks, with versatile applications
ranging from drayage and intermodal to metro-regional truckload and
less-than-truckload to certain specialized hauling use cases.

Progressing steadily towards its strategic goals, Nikola and its dealers have
received 223 non-binding orders for its hydrogen fuel cell electric trucks
from 23 customers. Notable fleet operators such as J.B. Hunt


(
, AJR Trucking
(

, Biagi Bros. and TTSI, are among the growing list of customers committing to
the future of sustainable trucking.

The completion of Phase 2 assembly expansion at the Coolidge manufacturing
facility sets the stage for a new era in transportation. With a versatile
mixed-model production line capable of manufacturing both hydrogen fuel cell
and battery-electric trucks, the facility stands ready to achieve an annual
production capacity of approximately 2,400 trucks across three shifts.

"We are proud to celebrate the launch of Nikola's innovative hydrogen fuel
cell electric vehicle production facility in Coolidge," said Sandra Watson,
President and CEO of the Arizona Commerce Authority. "Nikola's investment in
Arizona's electric vehicle supply chain and their partnership with leading
suppliers are driving further economic growth. We look forward to supporting
Nikola's success as the company continues to shape the future of
transportation from Coolidge."

Available Incentives
In addition to production milestones, the latest state and federal incentives
nationwide make it even more economically viable to be a Nikola customer.
Nikola trucks are eligible for the California Air Resources Board Hybrid and
Zero-Emission Truck and Bus Voucher Incentive Project

[brucie5] 29/9/2023 15:25

Thanks, Smokey. Will watch.

[brucie5] 29/9/2023 13:18

So I guess back to waiting again - very much like IES. I imagine the market will not have the patience and there may be opportunities to pick up lower down. I see £3 very much as the level; it might test below, but that would be an opportunity to add, imho. I'm thinking you have two best opportunities to buy this kind of share: either at the bottom, or on the break up.
In the meantime, I expect a slow rachetting up of news. This is surely a winner in the long term.

[skinny] 28/9/2023 14:05

This morning's session now available :-

[brucie5] 28/9/2023 10:39

But as to Cwr, I cannot see any reason why this will not succeed, though perhaps we need to define what success means. For me, a growing income stream from their manufacturing partners as products take off. Think Arm, with similar likelihood of eventual bid. I particularly like the fact that they don't manufacture.
But we may tread water for a while.
As previously observed, this looks like a basing pattern; but clearly no dividend stock and will be off limits to many due to perception as a 'story' stock.
Some story.
I likewise hold IES.
Both require patience.

[brucie5] 28/9/2023 10:35

Tories are a busted flush. What populist short term piece of meat will buy them out of a wipe out next election. I can't imagine they have the confidence of industry any more, let alone green tech that needs solid government commitment to transition. I think for that, we're more interested in extent to which Labour feels able to rescind recent and forthcoming Tory policies without making themselves vulnerable to the usual catcalls of Tufton street trying to whip up the red wall.

[rp] 28/9/2023 10:23

Ceres concern about the UK falling behind. Another nail in the Conservatives coffin.

[gswredland] 28/9/2023 09:34

1025 we wish!

[brucie5] 28/9/2023 09:32

Skinny28 Sep '23 - 09:29 - 1859 of 1859
0 0 0
FWIW :- Berenberg cuts Ceres Power price target to 1,025 (1,140) pence - 'buy'
--------------------------------------------------------------------------------
Are they being ultra cautious?
;)

[skinny] 28/9/2023 09:29

FWIW :- Berenberg cuts Ceres Power price target to 1,025 (1,140) pence - 'buy'

[brucie5] 28/9/2023 09:27

book528 Sep '23 - 07:58 - 1857 of 1857
0 0 0
I am not sure if today's results support the current market valuation, but to me, they are promising..
-------------------------------------------------------------------------------
Depends what you think you're buying! Weichei will presumably come through next year. Bosch is not standing still. This looks like the bottom and market appears reluctant to sell it down further.

Worth re-reading these highlight:


Strategic highlights
* Bosch's 'Power Units' have received European funding
of EUR160 million as an Important Project of Common
European Interest (IPCEI) to support the development
and mass production of its solid oxide fuel cell
product, utilising Ceres' stack technology


* Building construction for Doosan's 50MW factory in
South Korea is now complete. All machinery and
processes have undergone factory acceptance testing,
installation is almost complete, and commissioning is
on schedule for completion in H2 2024


* Our second-generation design of fuel cell stacks has
passed Critical Design Review (a key milestone),
which offers improvements in performance and cost for
SOFC partners


* The first-of-a-kind megawatt-scale electrolyser is
undergoing commissioning and initial testing at AVL
in Germany, in preparation for deployment at the end
of this year to Shell's R&D centre in Bangalore,
India, in line with the timetable set out in the 28
June 2022 announcement


* A two-year collaboration with Linde Engineering and
Bosch has been signed to validate the performance,
cost, and operational functionality of Ceres'
electrolyser technology, which starts next year


* Ceres has been announced as the Winner of the Royal
Academy of Engineering's 2023 MacRobert Award, widely
regarded as the UK's most prestigious prize for
engineering innovation


* Further augmented the Board with Karen Bomba and
Caroline Brown joining as Non-Executive Directors


* As of 18 September 2023, Ceres has joined the FTSE
250 index, following its graduation from AIM to a
Premium Listing on the Main Market of the London
Stock Exchange

[book5] 28/9/2023 07:58

I am not sure if today's results support the current market valuation, but to me, they are promising
The world needs Cwr
Happy to be invested here

[brucie5] 28/9/2023 07:38

Seems fair to me. And no longer a Aim stock. Sooner or later the train will leave the station.

[gswredland] 27/9/2023 13:36

The share price never seems to fall at around 300 even no news emerges and results disappoint...or am I wrong?

[book5] 27/9/2023 11:47

IMHO:
-the numbers carry on being poor; otherwise, the share price would be higher.
-the reason for delaying as much as possible is to try to report new clients.
We will know tomorrow

[cerrito] 27/9/2023 10:20

Ceres will help itself if it remembers that it is now a main list company wearing long trousers and gets it's interim figures out promptly say mid late August rather than on the last day but one along with alot of small AIM companies, still very much in short trousers.
It's accounts are simple and no reason for this delay.