Ceres Power

Summary
Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen. Its products are applied in commercial, data center, transport, and residential markets. Ceres Power Holdings plc has a collaboration and license agreement with Doosan Fuel Cell Co. Ltd to build a 50MW facility for the mass manufacture under license of Ceres' fuel cell stacks in South Korea. The company was incorporated in 2004 and is headquartered in Horsham, the United Kingdom.

History

Ceres was founded in 1989 when Joan Bavaria, then-president of Trillium Asset Management, formed an alliance with leading environmentalists with the goal of changing corporate environmental practices. She named the organization the "Coalition for Environmentally Responsible EconomieS", or CERES. Ceres was the ancient Roman goddess of fertility and agriculture.

That same year, following the Exxon Valdez oil spill, CERES announced the creation of the Valdez Principles , a ten-point code of corporate environmental conduct to be publicly endorsed by Ceres companies.

In 1993, following lengthy negotiations, Sunoco became the first Fortune 500 company to endorse the Ceres Principles. Since then, over 50 companies have endorsed the Ceres Principles, including 13 Fortune 500 companies that have adopted their own equivalent environmental principles.In 2003, the organization rebranded itself as "Ceres"On January 27, 2016 Ceres and the United Nations Foundation convened the seventh Investor Summit on Climate Risk at the United Nations in New York, attended by more than 110 institutional investors who collectively represented more than $22 trillion in assets, with a goal of doubling global investment in clean energy by 2020.


Mission
Ceres Power’s mission is to provide cost-effective and reliable fuel cell solutions for residential and commercial applications.

Vision
Our vision is to be leading supplier of reliable and cost-effective fuel cell solutions for a variety of sectors including residential energy, distributed generation, home energy storage and other commercial applications.

Key Team

Mr. Eric Lakin (CFO & Exec. Director)

Mr. Mark Garrett BSc (Hons), CEng, FIMechE (Chief Operating Officer)

Ms. Deborah Grimason (Gen. Counsel & Company Sec.)

Elizabeth Skerritt (Director of Corp. Communications)

Ms. Michelle Traynor (People Director)

Dr. Mark Albert Selby (Chief Innovation Officer)

Mr. Tony Cochrane (Chief Commercial Officer)


Recognition and Awards
Ceres Power has won many awards, including the Queens Award for Enterprise, the Technology Innovator of the Year award from the Technology & Business World Awards and the Decarbonisation Product of the Year award from the UK Energy Innovation Awards.

References
Ceres Power
Leadership team

Mr. Philip Joseph Caldwell (CEO & Exec. Director)

Ms. Caroline Hargrove CBE (Chief Technology Officer)

Mr. Richard Timothy Preston (Exec. Officer)

Products/ Services
Energy, Fuel, Fuel Cell, GreenTech, Oil and Gas
Number of Employees
500 - 1000
Headquarters
Horsham, West Sussex, United Kingdom
Established
2001
Revenue
20M - 100M
Traded as
CWR.L
Social Media
Sun Mar 03 2024
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