Ceres Power Holdings: Senior Director Acquires Shares in Green Energy Technology Company
Key Ideas
- Julia King, Senior Independent Director of Ceres Power, acquired 30,200 ordinary shares in the company on 28 November 2024.
- Ceres Power is a leading developer of clean energy technology, specializing in electrolysis for green hydrogen production and fuel cells for power generation.
- The company's solid oxide technology supports the electrification of energy systems and aims to produce green hydrogen efficiently to decarbonize emissions-intensive industries.
- Ceres Power has established partnerships with major companies like Bosch, Doosan, Delta, Shell, and others to advance its green energy solutions.
Ceres Power Holdings plc received notification on 28th November 2024 that Julia King, known as The Baroness Brown of Cambridge and Senior Independent Director of the company, had acquired 30,200 ordinary shares at a price of £1.6505 per share, resulting in a total holding of 30,200 shares. The acquisition was made in accordance with the UK Market Abuse Regulation.
Ceres Power is a prominent player in clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells for power generation. The company's approach of utilizing solid oxide technology aims to facilitate the electrification of energy systems and promote the production of green hydrogen with high efficiency to reduce carbon emissions in sectors like steelmaking, ammonia production, and future fuel development.
Notably, Ceres Power operates on an asset-light, licensing model and has established partnerships with leading global firms including Bosch, Doosan, Delta, Denso, Shell, and Weichai. This strategic collaboration allows the company to leverage its technology across various industries and advance the adoption of green energy solutions.
Listed on the London Stock Exchange under the ticker symbol CWR, Ceres Power is classified by the LSE Green Economy Mark, recognizing companies that derive over 50% of their activities from the green economy. The company's commitment to sustainable practices and innovative clean energy solutions positions it as a key player in the transition towards a greener future.