Ceres Power Holdings plc Ceres Power announces successful SteelCellT trial (6362R)
September 25 2017 - 2:00AM
UK Regulatory
TIDMCWR
RNS Number : 6362R
Ceres Power Holdings plc
25 September 2017
SUCCESSFUL STEELCELL(TM) TRIALS SHOW REDUCED ENERGY COSTS AND
LOWER EMISSIONS FOR UK HOMES
-- Successful trials show Ceres' SteelCell(TM) is a reliable
technology that will enable households to reduce their energy costs
by GBP400 and carbon emissions by up to 2 tonnes per year.
-- Home units also generated enough surplus power to meet a typical Electric Vehicle's charging requirements.
-- The ability to generate power at home or at work can
alleviate future demands on the power system.
25(th) September 2017: Ceres Power Holdings plc (AIM: CWR, or
"Ceres"), a world-leading developer of low cost, next generation
Fuel Cells, has completed a successful year long field trial using
SteelCell(TM) enabled home power systems as part of an EU-wide
field trial of Fuel Cell technology, led by ene.field. The trials
show Ceres' technology offers a reliable, deliverable potential
answer to the looming gap between energy demand and supply.
Residential prototypes of the technology which generates power
and heat, were successfully trialled in five family homes for a
year in London and the South East. As a technology that enables
end-users to generate their own power and heat reliably, on site at
home or at work from the existing natural gas grid, Fuel Cells are
a compelling power generation option. Ceres Power's SteelCell(TM)
is also fuel-flexible, running on natural gas today, but is also
hydrogen-ready if the gas grid is converted.
The trials illustrated that UK consumers could expect savings of
around GBP400 per year on their energy bills by taking advantage of
the ability of the SteelCell(TM) to provide the majority of their
power and all of their hot water. In a typical UK family home, the
prototype units provide around 80% of the average household's
electricity needs whilst saving up to 2 tonnes of CO(2) per
household, with near zero harmful NOx and SOx emissions, the
equivalent of taking a diesel car off the road for a year.
The data also demonstrated that end-users can generate most of
the power needed for their home, and also export enough surplus
power to charge a typical Electric Vehicle (EV). Additional annual
savings of over GBP1000 would be achieved if the technology gained
government support through the UK's current Feed-in Tariff.
Huge increases in demand on the power grid, driven primarily by
a rise in EVs require new innovative energy solutions, or the UK
faces the prospect of power shortages. The National Grid's own
recent Energy Scenarios(1) report predicted the number of EVs could
reach 9 million by 2030, up from 90,000 today. As a result peak
demand could be as much as 8GW higher in 2030. Furthermore, Data
Centres, driven by the exponential rise of Cloud Computing and
Connected Devices, already account for 3% of the world's total
power consumption and this is growing fast.
Decentralised energy generation offered by Ceres' SteelCell(TM)
technology, is critical to meeting future energy needs. With
fossil-fuel power stations in the process of being phased out and,
with the accelerating deployment of renewables, the emerging,
transitional energy system will struggle to deliver against global
energy demand. Ceres is already working with global OEMs including
Honda, Nissan and Cummins, to embed the SteelCell(TM) technology
into power systems for homes, businesses, as well as Data Centres
and EVs.
Phil Caldwell, CEO of Ceres Power, said:
"These are very encouraging results which illustrate the huge
potential of fuel cell technology. We know the grid is coming under
ever increasing pressure. We also know that renewables only provide
intermittent power. These trials have proven that the SteelCell can
save consumers money, and generate power effectively emission-free.
And they do so using the existing reliable gas network in the UK.
The SteelCell offers a highly efficient and flexible answer,
producing reliable power which will complement our growing reliance
on renewables."
- Ends -
For further information please contact:
Ceres Power Holdings plc
Phil Caldwell, CEO
Dan Caesar, Communications & Marketing
Director +44 (0)1403 273 463
Zeus Capital - Nominated Adviser
and Joint Broker
Andrew Jones / Giles Balleny / Hugh
Kingsmill Moore +44 (0)20 3829 5000
Berenberg - Joint Broker
Ben Wright / Mark Whitmore / Laure
Fine +44 (0)20 3207 7800
Powerscourt
Peter Ogden/Andy Jones +44 (0) 20 7250 1446
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leader in
low cost, next generation fuel cell technology for use in
distributed power products that reduce operating costs, lower CO2,
SOx and NOx emissions, increase efficiency and improve energy
security. The Ceres Power unique patented SteelCell technology
generates power from widely available fuels at high efficiency and
is manufactured using standard processing equipment and
conventional materials such as steel, meaning that it can be mass
produced at an affordable price for domestic and business use.
Ceres Power offers its partners the opportunity to develop power
systems and products using its unique SteelCell technology and
know-how, combined with the opportunity to supply the SteelCell in
volume through its manufacturing partners.
About ene.field
The ene.field project is the largest European demonstration of
the latest smart energy solution for private homes, micro-CHP. It
will see up to 1,000 households across Europe able to experience
the benefits of this new energy solution. The five-year project
uses modern fuel cell technology to produce heat and electricity in
households and empowers them in their electricity and heat
choicesand brings together 27 partners, including 9 European
manufacturers who will make the products available across 11 EU
Member States. The ene.field project has received funding from the
European Union's Seventh Framework Programme (FP7/2007-2013) for
the Fuel Cells and Hydrogen Joint Technology Initiative (FCH-JU)
under grant agreement ndeg 303462.
For more information, visit www.enefield.eu
(1) http://fes.nationalgrid.com/fes-document/
This information is provided by RNS
The company news service from the London Stock Exchange
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