Ceres Power Holdings plc (AIM:CWR) is pleased to announce it has now finalised all agreements to begin its new relationship with Nissan Motor Manufacturing (UK) Ltd and M-Solv, as part of the funding arrangement from Innovate UK and The Office for Low Emission Vehicles (“OLEV”) as previously announced on 22nd March 2016.
Ceres Power is the leader of this consortium, with Nissan and M-Solv, aimed at developing a compact, on-board solid oxide fuel cell (“SOFC”) stack for range extension of electric vehicles. The SOFC stack is based on Ceres Power’s unique SteelCell technology, which is able to work with a variety of high efficiency fuel types (including biofuels) applicable to the automotive sector. This offers a potential path to significantly accelerate the take up of electric vehicles, reducing CO2 and other emissions, and making significant progress towards the UK’s low carbon energy targets.
Read the full story at: http://www.cerespower.com/news-media/press-releases/2016-06-28-ceres-power-to-demonstrate-its-sofc-stack-technology-for-electric-vehicle-range-extender