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Philip has more than 20 years’ experience writing about companies, general finance and investing matters for a variety of publications. His career has involved spells at the Investors Chronicle, where he was small companies and companies editor, Investors Week and most recently as editor of online financial news wire Sharecast. He has also contributed to a wide range of financial-focused publications on a freelance basis. Read more
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Published: 22:40 14 Jul 2023
The MacRobert Award recognises outstanding innovation, tangible societal benefit and proven commercial success
Ceres Power has won the Royal Academy of Engineering MacRobert Award, the UK’s longest-running and most coveted prize for engineering innovation.
The MacRobert Award recognises outstanding innovation, tangible societal benefit and proven commercial success with previous winners including JCB and Jaguar Land Rover though Ceres is one of the first climate-related companies to be recognised.
The fuel cell specialist and nominated and won for its pioneering clean energy technology and specifically for the truly reversible nature of its technology.
Ceres’ solid oxide technology was hailed by the MacRobert Award judges as a huge breakthrough in the clean energy revolution, while its fuel cell technology is capable of generating power from a range of different fuels with greater efficiency than alternatives.
Richard Friend, chair of the MacRobert Award judges said “Ceres technology electrolysers show the lowest conversion losses that I have come across, they are spectacularly efficient. That is a huge gamechanger for hydrogen generation,”
Caroline Hargrove, Ceres’ chief technology officer, commented: “Ceres is delighted to have been named as this year’s winner of the MacRobert Award.
We are proud to be a leading example of British technology driving progress on tackling climate change across the globe through our international partnerships and licensing model.”
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Ceres Power Holdings PLC's (LON:CWR) Phil Caldwell tells Proactive the company has secured access to the Chinese market through a partnership with Weichai Power, a Chinese engine manufacturer with a US$10bn market cap. He adds that Weichai also has a large market presence in electric…
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