LONDON, Mar 13, 2006 -- AFX News - UK
AIM-listed Ceres Power Holdings plc said it has successfully designed, built and tested a 1 kilowatt fuel cell stack generating sufficient power for the average home.
CEO Peter Bance said: "As concerns grow over rising utility bills, security of energy supply and how to meet environmental targets, the opportunity for Ceres to build its business and create further value for shareholders has never been better."
The company said the UK Government has identified micropower generation as a core technology within national energy policy.
The Ceres Stack incorporates breakthrough savings in size, weight, component count and production cost, whilst improving product performance, the company said.
Its technology allows the fuel cells to start up and shut down rapidly and repeatedly, withstand mechanical shock and have very long lifetimes under realistic operating conditions.
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