Ceres Power Holdings Plc · LSE:CWR
Ceres Power — Investor Presentation (April 2026)
34 slides from Ceres Power's investor presentation, Apr 15, 2026
Slide 1: The new era of power generation: Delivery at scale and pace
The new era of power generation: Delivery at scale and pace
Slide 2: Time to power
Time to power
Slide 3: Time to power
Time to power Gas turbines Up to 5 -7 years Small modular reactors 7 - 10 years G rid connection 5 – 10+ years
Slide 4: We are world leaders in electrochemistry for fuel cells and electrolysers
We are world leaders in electrochemistry for fuel cells and electrolysers. Designed for • Cost • Efficiency • Scale Power today, hydrogen tomorrow. No regrets technology.
Slide 5: Introducing…
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Slide 6: In a constrained energy world, the winner is the platform that scales fastest
In a constrained energy world, the winner is the platform that scales fastest......globally!
Slide 7: The power opportunity for SOFC starts here and now
The power opportunity for SOFC starts here and now 8% 7% Shipping RoW 49% Data centre 28 % 19% Industry EMEA 50 % India, 22GW p.a. 22GW p.a. China and Asia by 2030 by 2030 Pacific 24 % 14% Americas Commercial building Reference: house analysis based on BNEF New Energy Outlook Data 2025
Slide 8: One platform, global factories and partnerships
One platform, global factories and partnerships POWER Endura Cell Stack Factory HYDROGEN
Slide 9: The fastest way to address demand is through partnerships
The fastest way to address demand is through partnerships
Slide 10: Different partners, geographies and end markets choosing Ceres Endura
Different partners, geographies and end markets – choosing Ceres ® Endura TM to become the global standard New partner New partner New partner
Slide 11: Sign licensees, accelerate partners, single stack technology platform
1. Sign new manufacturing licensees 2. Accelerate partners to market 3. Single stack technology platform
Slide 12: Sign new manufacturing licensees
Sign new manufacturing licensees
Slide 13: Filip Smeets, Chief Commercial Officer
Filip Smeets Chief Commercial Officer
Slide 14: As power demand surges, why are partners choosing Ceres to win?
As power demand surges, why are partners choosing Ceres to win in the market?
Slide 15: From technology to commercial scale: An end-to-end partnership
From technology to commercial scale Long term growth enabler Industrialisation partner Faster route to market An end -to -end partnership
Slide 16: Ready for DC power architecture
Ready for DC power architecture
Slide 17: Scaling SOFC for data centres
Scaling SOFC for data centres
Slide 18: Modular design – pay as you go
Modular design – pay as you go 2.3m 13.3m 1.6m C&I 550kW System 1.6 m DI Water SOFC SOFC SOFC SOFC SOFC PD Desulfurized 4.2 m 2.6 m 5.5MW Centralized System 25MW Power Tower Concept 14 m 1.1MW Centralized System 1.6 m DI Water SOFC SOFC SOFC SOFC SOFC 18m PD Desulfurized 2.6 m 5.8 m 36m 1.6 m DI Wat
Slide 19: Reducing time to market through manufacturing partnerships
Reducing time to market through manufacturing partnerships
Slide 20: Reducing time to market through manufacturing partnerships
Reducing time to market through manufacturing partnerships First factory < 4 years Current factories < 3 years Next factories < 2 years
Slide 21: Accelerating partners to market
Accelerating partners to market
Slide 22: Lauren Dickerson, Director of Strategy, Centrica
Lauren Dickerson Director of Strategy, Centrica
Slide 23: Centrica
cares | centrica
Slide 24: Single stack technology platform
Single stack technology platform
Slide 25: Chris Leonard, Caroline Hargrove, Nick Lawrence
Chris Leonard Moderator, UBS Caroline Hargrove Nick Lawrence Chief Technology Officer Chief Product Officer
Slide 26: Digital First
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Slide 27: Endura: Power built to last
cares endura’ Power built to last
Slide 28: Ceres Endura: Power built to last
Ceres ® Endura : Power built to last Ceres ® Endura is our flagship stack platform, designed from the ground up for robustness and scale, delivering world class efficiency at low cost. Dual -use: Can be manufactured Operating temp as either fuel cell or 450 – 630 °C electrolyser stacks Fuel flexible
Slide 29: Stuart Paynter, Chief Financial Officer
Stuart Paynter Chief Financial Officer
Slide 30: Strong financial foundation
Strong financial foundation… Cash and short - term investments 2022 2023 2024 2025 £83.3m £10m (£10m) £1.6m (£1.6m) (£0m) (£13.9m) (£10m) (£28.0m) (£21.1m) £(20.80) O ptimised costs (£20m) (£30m) £(21.30) £(23.60) 20% (£40m) Less than 2025 (£39.3m) (£50m) (£60m) (£70m) Contracted revenue (£80m) for
Slide 31: Creating gigawatt scale partnerships
Creating gigawatt scale partnerships $ Annual royalties per GW Royalty valuation Indicative value per multiple partner $50 – $100 15 – 20x c.$1 billion million
Slide 32: Final remarks
ceres Final remarks
Slide 33: Power demand is accelerating - time to power is now the defining constraint
Power demand is accelerating - Time to power is now the defining constraint. Ceres has built the platform designed to scale at pace with world class partners. Ceres Endura is not just a product — it is the foundation that the global market will be built on.
Slide 34: Thank you
ceres Thank you
Ceres Power Holdings — Investor Presentation (April 2026) on 6ix