Ceres Power, a hydrogen and fuel cell company, has experienced a significant boost in sales and revenue in the first half, largely attributed to a lucrative licensing agreement with Delta Electronics. The deal, worth £22mn to Ceres, involves the licensing of their hydrogen technology and fuel cell designs. The company's CEO, Phil Caldwell, highlighted the increasing demand for hydrogen technology globally. In addition to the Delta agreement, Ceres also secured partnerships with Denso and Thermax, expanding its revenue streams. Despite a cash outflow of £13.9mn, Ceres Power has implemented cost-cutting measures, including a 15% reduction in jobs, to manage its cash reserves effectively. The company's cash position, including short-term investments, was reported at £126mn as of June 30, indicating financial stability. Investors have reacted positively to Ceres Power's progress, with shares rising by over 25% on the day of the interim results announcement and a 70% increase over the past six months. While the company aims for smoother sales and achieving cash breakeven, its strategic partnerships and market performance have instilled confidence among stakeholders for future growth.