Ceres Power Hldgs Plc (CPWHF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.164 Good morning, everybody, and welcome to the ServicePower Interim Results for 00:00:05.164 -- 00:00:07.069 2025. 00:00:07.069 -- 00:00:12.402 I'm Phil Caldwell, Chief Executive, and I'm joined by Stuart Painter, CFO, 00:00:12.402 -- 00:00:15.944 and Patrick Yao, Head of Investor Relations. 00:00:15.944 -- 00:00:19.669 So without further ado, let's go through the first half year. 00:00:19.669 -- 00:00:24.795 The first half of 2025 has been quite an exciting year for Ceres in 00:00:24.795 -- 00:00:29.821 a number of different ways. Probably biggest milestone for us is the 00:00:29.821 -- 00:00:33.405 start of production with Doosan in South Korea. 00:00:33.405 -- 00:00:37.951 That's a milestone that we've anticipated for a long time. 00:00:37.951 -- 00:00:43.198 And it really is a pivotal point for the company because it proves out R&D 00:00:43.198 -- 00:00:48.348 innovation all the way through to mass production and ultimately will lead to the payment 00:00:48.348 -- 00:00:50.613 of royalties and proves out the business model. 00:00:50.613 -- 00:00:55.783 So that's a big milestone for us achieved in this first half of the year. 00:00:55.783 -- 00:00:59.490 We're very pleased with progress with other partners as well. 00:00:59.490 -- 00:01:04.558 Delta Electronics has acquired lands and factory facilities now to begin 00:01:04.558 -- 00:01:09.185 their scale up in Taiwan committing around 170 million investment 00:01:09.185 -- 00:01:14.173 into those large-scale manufacturing facilities for hydrogen energy solutions. 00:01:14.173 -- 00:01:18.419 We've had some landmarks with Shell as well on electrolysis, 00:01:18.419 -- 00:01:23.967 the largest solid oxide deployment in India achieving record efficiencies. 00:01:23.967 -- 00:01:29.22...