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Ceres Power (CWR) investor relations material
Ceres Power AGM 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic priorities
Signed new manufacturing licensees and accelerated partner market entry, focusing on a single stack technology platform.
Transitioned business structure to support commercial growth and deliver 20% operating cost savings in 2026.
Maintained a strong cash position of £83.3m at period end.
Global partnerships and market expansion
Weichai in China signed a manufacturing license; Doosan in South Korea began SOFC stack production and generated first royalties.
Delta in Taiwan invested in SOFC and electrolysis production, aiming for first output by end of 2026.
DENSO and JERA in Japan started SOEC testing, unlocking ~£165m in government funding.
Shell in India’s megawatt-scale electrolysis system exceeded performance expectations; Thermax advanced a new SOEC pilot.
Technology and product platform
Launched Ceres® Endura™, a scalable, cost-efficient, and durable power platform.
Single stack technology platform supports global factories and partnerships.
SOFC system architecture enables high CO₂ capture and integration with various industrial applications.
- Revenue fell 37% to £32.6m, but strong margins and new royalties support future growth.CWR
H2 202526 Mar 2026 - Commercialisation accelerates as margins hold, cash grows, and cost cuts target AI-driven power markets.CWR
H1 20253 Feb 2026 - Record revenue and profit growth driven by new global licenses and strong order intake.CWR
H1 202420 Jan 2026 - Record revenue, high margins, and global partnerships drive strong growth outlook.CWR
H2 202424 Dec 2025 - Record order intake and robust growth position Ceres Power for global clean energy leadership.CWR
Trading Update6 Jun 2025
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