Full Year Results 

Ceres looks to commercialisation

Ceres looks to commercialisation

In previous years, Ceres Power’s (CWR) revenue has largely been derived from engineering services adapting its fuel cells for customers' specific applications. But chairman Alan Aubrey characterises 2019 as an “inflection point” – having signed agreements with four of the world’s largest engineering and power companies, licensing revenue now constitutes almost half of group sales, up from £0.9m a year earlier to £7.4m.

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