Ceres Power Holdings Plc · LSE:CWR
Ceres Power — Merger or Acquisition (July 2019)
6 slides from Ceres Power's merger presentation, Jul 15, 2019
Slide 1: SteelCell Collaboration and Licensing Agreement for Korean Market
Our next generation SteelCell™ Collaboration and Licensing Agreement for Korean Market 15 July 2019 Phil Caldwell CEO Richard Preston CFO 0
Slide 2: Doosan – a major Korean industrials business and significant new partner for Ceres
Doosan – a major Korean industrials business and significant new partner for Ceres • Fortune 500 business founded in 1896 – Korea’s oldest business • 39,000 employees worldwide, Group turnover over 18 trillion Won (US$15 bn) • Fast growing with leading positions in energy, as well as construction, d
Slide 3: The Korean fuel cell market
The Korean fuel cell market • Korea is the most densely populated of the world’s major economies • Electricity consumption in kWh per capita is highest in Asia • South Korean government targeting combined output from fuel cell technology of 15 GW by 2040 • Recently announced several initiatives to p
Slide 4: Ceres and Doosan agreement
Ceres and Doosan agreement • Working together to develop SOFC power system, initially for commercial applications • Fills a technology gap for Doosan and a geographic gap for Ceres Power • Agreement worth £8 million to Ceres in licencing, technology transfer and engineering services over two years (
Slide 5: What this means for Ceres
What this means for Ceres • 5-20kW system developed under this agreement to complement Ceres’ existing 1kW, 5kW, 10kW and 30kW systems • Fills a ‘geography gap’ and develops a position in a key market to complement growing presence in other fuel cell markets, for example China and Europe. • Partneri
Slide 6: Summary
Summary • A very exciting deal for Ceres Power • Very good fit from a technological and geographic perspective • Gives Ceres presence in a leading fuel cell market with one of the leading fuel cell companies • Great potential in Korean market, with potential for further collaboration as the relation
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