Ceres raised £181mn to expand its business last year
Ceres Power accelerates electrolyser investment
Firm is advancing commercial partnerships and hopes to make announcements later this year
UK-based fuel-cell technology firm Ceres Power is building a 1MW solid-oxide electrolyser that will become operational in 2022 as part of its efforts to expand its electrolyser division. Last year, the firm raised £181mn ($238mn) from investors to expand its business. Around £100mn will be spent consolidating its position in fuel cells and £80mn on accelerating activity in its electrolyser division, including the establishment of a new test facility in collaboration with testing firm Horiba Mira. The technical work on the electrolyser is happening at the firm’s facility in Horsham in southern England. When that is complete, the unit will be deployed at an as-yet undisclosed industrial site w
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
