OverviewSuggest Edit

Ceres Power Holdings is a developer of fuel cell technology used in decentralized energy products. Its patented Ceres Steel Cell is fuel flexible, operates on natural gas, and is manufactured using materials and standard processes developed for the solar industry.

TypePublic
Founded2001
HQWest Sussex, GB
Websiteceres.tech
Employee Ratings4.1

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Latest Updates

Employees (est.) (Sept 2020)240(+380%)
Revenue (FY, 2019)£15.3 M(+142%)
Share Price (Oct 2020)£6.5 (-8%)
Cybersecurity ratingAMore

Key People/Management at Ceres

Alan Aubrey

Alan Aubrey

Non-Executive Director
Warren Finegold

Warren Finegold

Chairman
Steve Callaghan

Steve Callaghan

Senior Independent Director
Aidan Hughes

Aidan Hughes

Non-Executive Director
Caroline Hargrove

Caroline Hargrove

Non-Executive Director
Mark Selby

Mark Selby

Chief Technical Officer
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Ceres Office Locations

Ceres has offices in West Sussex, Redhill, Osaka and Seoul
West Sussex, GB (HQ)
Viking House, Foundry Ln
Redhill, GB
34, The Belfry Shopping Centre Broad St
Seoul, KR
136 Sejong-daero, Myeong-dong, Jung-gu
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Ceres Financials and Metrics

Ceres Revenue

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Ceres's revenue was reported to be £15.30 m in FY, 2019 which is a 141.7% increase from the previous period.
GBP

Revenue (H1, 2020)

10.0m

Gross profit (H1, 2020)

6.7m

Gross profit margin (H1, 2020), %

67.3%

Net income (H1, 2020)

(1.6m)

EBIT (H1, 2020)

(2.8m)

Market capitalization (28-Oct-2020)

1.1b

Closing stock price (28-Oct-2020)

6.5

Cash (31-Dec-2019)

24.6m

EV

1.1b
Ceres's current market capitalization is £1.1 b.
Annual
GBPFY, 2017FY, 2018FY, 2019

Revenue

3.1m6.3m15.3m

Revenue growth, %

180%103%142%

Cost of goods sold

1.3m3.1m3.8m

Gross profit

1.8m3.2m11.5m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

2.6m8.1m10.0m

Cost of goods sold

1.4m1.5m3.3m

Gross profit

1.2m6.7m6.7m

Gross profit Margin, %

46%82%67%
Annual
GBPFY, 2017FY, 2018FY, 2019

Cash

3.2m6.4m7.6m

Accounts Receivable

547.0k1.7m2.4m

Inventories

595.0k1.4m1.4m

Current Assets

22.0m14.5m81.4m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

8.2m22.7m24.6m

Inventories

486.0k1.6m1.6m

Current Assets

17.1m92.5m79.3m

PP&E

2.0m3.2m11.8m
Annual
GBPFY, 2017FY, 2018FY, 2019

Net Income

(7.4m)

Depreciation and Amortization

1.0m

Inventories

(3.0k)

Cash From Operating Activities

(8.6m)(9.5m)(3.1m)
Half Year
GBPH1, 2018H1, 2019H1, 2020

Net Income

(2.8m)

Depreciation and Amortization

734.0k

Inventories

(241.0k)

Cash From Operating Activities

(3.4m)(3.2m)(3.6m)
GBPFY, 2017

Revenue/Employee

26.8k

Financial Leverage

1.2 x

P/E Ratio

11.3
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Ceres Operating Metrics

FY, 2017FY, 2018H1, 2019FY, 2019H1, 2020

Net Electrical Efficiency, percent

50%60%60%

Order Book

£3.20 m£30 m£30.50 m£28.40 m£22 m

Patent Families

50 50 50

Trademarks

2 2 2
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Ceres Acquisitions / Subsidiaries

Company NameDateDeal Size
Ceres Power LtdJuly 01, 2004
Ceres Intellectual Property Company Ltd
Ceres Power Intermediate Holdings Ltd

Ceres Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Ceres Revenue Breakdown

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Ceres revenue breakdown by business segment: 51.6% from Engineering services and provision of technology hardware and 48.4% from Licenses

Ceres revenue breakdown by geographic segment: 93.3% from Asia, 6.4% from North America and 0.2% from Other

Ceres Online and Social Media Presence

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Ceres News and Updates

Ceres Power hopes to become the ARM of energy

Hydrogen is increasingly being talked up as part of the solution to our climate change conundrum and fuel cell specialist Ceres Power (CWR) is hoping to play a key role in a clean energy future. Its ‘solid oxide fuel cell’ – known as the ‘SteelCell’ – is capable of running on hydrogen and the compan…

Interim Results for the 12 months ended 30 June 2020

Ceres Power Holdings announces its second set of interim results for the 12 months ended 30 June 2020, following the change of year-end to 31 December.

Ceres Power tipped as likely winner in fuel cell race

Ceres Power PLC (LON:CWR) can be worth five times its current value if full advantage is taken of the opportunities now opening up says broker Berenberg - a huge fan of the fuel cell specialist.

Trading Update

Ceres Power Holdings is pleased to provide a post period end trading update ahead of the announcement of its interim results for the 12 months ended 30 June 2020, which will be released on Monday 28 September. The Group has recorded another period of significant growth across all areas of the busine…

Ceres Power appoints Bosch and Weichai representatives to its board

Ceres Power Holdings PLC (LON:CWR) said it has appointed two non-executive directors to its board representing two of its partners, Bosch and Weichai.

Appointment of Mark Garrett as Chief Operating Officer

Ceres Power Holdings announces the appointment of Mark Garrett as Chief Operating Officer joining the Executive Management board, effective from 10 August 2020.
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Ceres Frequently Asked Questions

  • When was Ceres founded?

    Ceres was founded in 2001.

  • Who are Ceres key executives?

    Ceres's key executives are Alan Aubrey, Warren Finegold and Steve Callaghan.

  • How many employees does Ceres have?

    Ceres has 240 employees.

  • What is Ceres revenue?

    Latest Ceres annual revenue is £15.3 m.

  • What is Ceres revenue per employee?

    Latest Ceres revenue per employee is £63.8 k.

  • Who are Ceres competitors?

    Competitors of Ceres include Plug Power, Bloom Energy and Nuvera Fuel Cells.

  • Where is Ceres headquarters?

    Ceres headquarters is located at Viking House, Foundry Ln, West Sussex.

  • Where are Ceres offices?

    Ceres has offices in West Sussex, Redhill, Osaka and Seoul.

  • How many offices does Ceres have?

    Ceres has 4 offices.