Horsham, UK— Ceres, a global leader in clean energy technology, is honoured to be a recipient of this year’s Queen’s Awards for Enterprise recognising its excellence in International Trade.
Ceres has a unique fuel cell and electrochemical technology that can be used to provide clean power for homes, businesses, and transport or in reverse to generate green hydrogen and future fuels as a route to help solve climate change and accelerate the world’s transition to clean affordable energy.
Based in the UK, Ceres licenses its technology to global partners, such as Bosch in Germany, Miura in Japan, Doosan in South Korea, and Weichai in China. Over the past five years, the Company has generated revenues and other income of over £60 million, predominantly through export.
During 2020, Ceres averaged over 325 employees across its two sites in Horsham and Redhill, adding more than 120 new staff in the period and commissioning a new state-of-the-art manufacturing facility. Notwithstanding current restrictions on travel, the team continues to find ways to work effectively with commercial partners and to progress new and existing programmes.
Central to Ceres’ business strategy is the desire to play a prominent role on the international stage in tackling climate change and aiding, more specifically, the shift away from combustion technologies towards zero carbon.
Phil Caldwell, chief executive of Ceres commented: “We are absolutely delighted to receive a Queen’s Awards for Enterprise in the International Trade category. It is a testament to the collaboration and commitment of our team that we have continued to grow the business, deliver global customer projects and programmes and to support one another through what has been an extraordinary year. We will be sharing the good news today – and very much hope to celebrate together when that is possible later in the year.”
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About Ceres Power
Ceres is a world-leading developer of next-generation solid oxide fuel cell (SOFC) and electrochemical technology. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange (“LSE”) (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy. https://www.ceres.tech/