Ceres Power wins funding for electric vehicle applications

Wednesday, May 11th, 2016

Ceres Power has announced that it will be the leader of a consortium which will be granted £772,000, of which £573,000 is allocated to Ceres, from Innovate UK and The Office for Low Emission Vehicles (OLEV), as published on 21 March 2016 by the Government. The Company will lead a team, which includes a global automotive company, to trial its Steel Cells with a view to extending the range of electric light commercial vehicles, and will announce more details of this programme at a later date.

The funding, part of a £38 million fund from OLEV and Innovate UK, is intended to develop ideas to cut vehicle emissions and make plug-in vehicles drive further. It will be distributed to more than 130 companies and research centres across the country.

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