Half Year Results 

Ceres starts to build licence revenues

Ceres starts to build licence revenues

New licence fees have driven revenues and the gross margin for Ceres Power (CWR) at the half-year mark, but given where the "next generation" fuel cell developer is on the road towards full commercial exploitation, we shouldn’t read too much into the figures. Of more significance is the continued switch to revenue generated by customers, as opposed to external grants.

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