Business
Ceres Power receiveS ?0.7million funding award
Ceres Power receiveS ?0.7million funding award.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3485O Ceres Power Holdings plc 06 August 2014 \n \n\n6th August 2014\n \nCeres Power Holdings plc\n(\"Ceres\", \"Ceres Power\", or \"the Company\")\n \nCeres Power and DEK receive £0.7million funding award to Accelerate Manufacturing\n \nCeres Power, a world-leading developer of low cost, next generation fuel cell technology, and DEK*, the UK-based global provider of screen printing equipment and processes, are pleased to announce that they have been awarded £0.7million of funding from the UK's innovation agency: the Technology Strategy Board, as part of its Fuel Cell Manufacturing and the Supply Chain collaboration initiative. \n \nThe award co-funds a £1.1million collaboration project that will combine DEK's latest high speed photovoltaic manufacturing processes with Ceres existing manufacturing capability to scale up its low cost Steel Cell production in response to growing market opportunities.\n \nUntil now the high cost of fuel cell technology has restricted widespread adoption. The unique Ceres Steel Cell is one of the most cost effective and robust fuel cell technologies developed, using the existing gas infrastructure to generate power at the point of use.\n \nPhil Caldwell, CEO of Ceres Power, comments:\n\"We are very pleased to be working with global industry leader DEK to scale up our manufacturing capabilities in response to the growing commercial demand for this technology. This award is further validation of our unique Steel Cell technology, which can be mass manufactured using conventional materials and established processes from the PV industry and provides the step change in cost that fuel cells need for widespread adoption.\"\n \nBrian Lau, Director of DEK Solar, adds:\n \"DEK Solar has been committed to the development of alternative energy solutions for decades, dating back to our first fuel cell endeavour in 2000 and extending today to our leadership position in solar cell metallization. We are delighted to be in partnership with Ceres Power to help deliver a cost-competitive fuel cell process to enable clean energy alternatives. Adapting DEK Solar's award-winning printing solutions to provide lower fuel cell costs through highly efficient manufacturing processes, we are confident that the Ceres Power solution...