Business
Award of DECC Award
Award of DECC Award.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 4615T Ceres Power Holdings plc 20 November 2013 \n \n\n20 November 2013\n \nCeres Power Holdings plc\n(\"Ceres\", \"Ceres Power\", or \"the Company\")\n \n \nCeres Power awarded £1 million DECC award\n \nCeres Power today announces that it has successfully secured £1 million of grant funding under the Department of Energy & Climate Change (DECC) Energy Entrepreneurs Fund (EEF) for further development of the Ceres Technology Platform. The DECC EEF is intended to support strategic innovation and make the UK a world leader in new low carbon technologies and develop associated businesses on a global scale.\n \nThis award helps Ceres accelerate the development of highly efficient power generation technology for the home or business, providing a lower carbon alternative to grid power.\n \nThe combination of high efficiency, low cost and the mass manufacturable Steel Cell creates opportunities for a wide range of low carbon applications in global markets. Ceres Power's unique Steel Cell technology has demonstrated robustness and performance at an inherently lower cost to alternatives in the market and continues to drive significant commercial progress with global product manufacturing partners, particularly in Japan and South Korea.\n \nPhil Caldwell, Chief Executive of Ceres Power, said: \"I am delighted with this significant endorsement of our technology and business strategy. Delivering high efficiency at low cost has been our key differentiator in attracting commercial partners to consider Ceres for their next generation of low carbon power products. It is also the foundation upon which we are building a strong, UK-based technology business with a global reach.\"\n \n \n \n \nEnquiries:\n\n\n\n\nCeres Power Holdings plc\nPhil Caldwell, CEO\nRichard Preston, Finance Director\n \n\n\nTel. +44 (0)1403 273 463\n\n\n\n\nN+1 Singer (Nominated Adviser and Broker)\nAndrew Craig / Ben Wright\n \n\n\nTel: +44 (0) 20 7496 3000\n\n\n\n\nTavistock Communications\nMike Bartlett/James Collins\n \n\n\nTel: +44 (0) 20 7920 3150\n\n\n\n\n \nNotes to editors:\nAbout Ceres Power\n \nCeres Power is a leading developer of clean, efficient, cost-effective fuel cell technology for use in decentralised energy products that red...