The leadership team committed itself to signing five global engineering companies as customers in joint development agreements by the end of 2017 and to be in two launch programmes with OEM partners by the end of 2018. With four joint development agreements and one launch programme already agreed, Ceres Power is ahead of its stated schedule.

Furthermore, the embedded technology business model and significant advancements in the cutting-edge SteelCell® itself, have enabled the business to access new, fast-growth markets (power products for data centres and electric vehicles), in addition to more established markets (combined heat and power for commercial and residential sectors) in multiple geographies around the world.