Ceres to Work With Japanese Power Company on Fuel-Cell Systems

Ceres Power Holdings Plc will work with a Japanese power engineering business to help develop and bring to market the U.K. company’s fuel-cell technology that converts natural gas or hydrogen into power and heat.

The companies agreed to work together to lower the cost of the system after testing in the U.K. and Japan, Horsham-based Ceres said today in an e-mailed statement. Ceres declined to identify the Japanese company.

“Japan is the leading market for fuel-cell products,” Chief Executive Officer Phil Caldwell said.

Homes and businesses are installing fuel cells to produce clean power locally and cut the cost of delivering electricity through the grid. Japan plans to produce more power off the grid as it recovers from the 2011 Fukushima nuclear disaster.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE