Alternative Energy
Ceres Power is a clean-energy technology company that develops solid-oxide fuel-cell and electrolyser technology. Rather than building mass-market systems itself, it licenses its technology to industrial partners and receives engineering fees, licence income and royalties.
Development and licensing of solid-oxide fuel-cell and electrolyser technology, engineering support for manufacturing partners and intellectual-property development for distributed power and hydrogen applications.
Global industrial and energy markets, with partners targeting stationary power, data centres, commercial buildings, industrial applications and green-hydrogen production.
New licensing agreements, partner manufacturing launches, first royalty streams, demand for distributed power, data-centre electricity constraints, hydrogen investment and successful commercialisation by licensees.
Slow commercial adoption, dependence on partners, technology competition, development delays, continuing cash consumption, uncertain hydrogen economics and the long timescale between licensing agreements and meaningful royalties.
26 March 2026: Ceres reported its first royalty revenues and a year-end cash and short-term investment balance of £83.3m. It also signed a manufacturing licence with Weichai and announced a partnership with Centrica aimed at distributed power for UK and European customers.
Ceres Power does not currently pay a dividend and there is no 2026 ex-dividend date. Cash is being retained for technology development, engineering programmes and commercialisation of its licensing model.
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