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Phil Caldwell

  • Ceres: Green hydrogen specialist raises forecast after inking bumper supply deal

    Energy

    Green hydrogen and fuel cell specialist Ceres Power has raised its revenue guidance for the year after signing a bumper manufacturing contract with an Asian original equipment manufacturer.

    Hydrogenone's portfolio companies have been buoyed by investment in the hydrogen space.
  • Ceres Power’s revenue bounces back after a rocky few years

    Energy

    Revenue for the fuel cell and hydrogen technology specialist increased from £19.8m to £22.3m, while gross profit jumped from £10.7m to £13.6m, the company's 2023 results revealed.

    After seeing its stock price increase ten-fold during 2020 and 2021, Ceres has since been in terminal decline, falling back to price levels not seen since 2018.

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