Ceres Power, a green hydrogen and fuel cell specialist based in London, has announced a significant boost in revenue guidance for the year. This follows the signing of a manufacturing contract with an Asian original equipment manufacturer (OEM), where the partner will manufacture Ceres's patented fuel cell technology in return for a license fee. The firm now expects full-year earnings to reach between £50m and £60m, with first-half revenue expected to more than double compared to the previous year. Additionally, profit margins are anticipated to rise considerably, showcasing the company's commercial progress. The CEO, Phil Caldwell, expressed excitement over the adoption of their highly efficient electrolyser technology by leading global companies for industrial decarbonization. The strategic partnerships aim to bring hydrogen use to scale in regions with strong manufacturing capabilities. Despite a decline in share price since its peak in 2021, Ceres Power is optimistic about establishing clean energy technology as the industry standard and contributing to global decarbonization efforts. The company's partnership network is crucial for delivering clean energy solutions at the required scale and pace for the energy transition.