Ceres

UBS has initiated coverage on Ceres Power with a 'buy' rating, praising its high-margin licensing business model within the solid oxide fuel cells (SOFC) and electrolysers (SOEC) sector. The firm's credibility, which had been shaken by partnership delays in 2023, received a significant boost with Delta Electronics' £43 million licence acquisition on January 18, 2024, propelling shares up by 38%. » Mehr auf proactiveinvestors.co.uk

Just under $1.8 trillion was invested in renewable energy, low-carbon transport and other climate tech last year, led by China, the US, US and UK.  Investment in energy transition increased 17%, according to a report by BloombergNEF, with electrified transport overtaking renewable energy as the leading area of spending. » Mehr auf proactiveinvestors.com

Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares leapt 26% to 190.5p after it has signed an agreement to licence its hydrogen technology to Taiwan-based Delta Electronics for £43 million, around half of which it expects to receive this year. As part of the collaboration, Delta, which is valued at around US$23 billion on the Taiwan Stock Exchange, will integrate the Ceres technology into its power electronics and thermal management technologies to develop solid oxide fuel cell and solid oxide electrolysis cell systems for hydrogen energy applications. » Mehr auf proactiveinvestors.co.uk