A world-leading British fuel cell company seeking to create bountiful clean energy has been given a major boost from German industrial giant Bosch. Ceres Power has secured a £38m investment from Bosch, which upped its holding from 4pc to 18pc in a deal which values the company in Horsham, West Sussex at more than £500m. The business is developing fuel cells, which use a chemical reaction to create electricity from fuels such as hydrogen, ethanol or biogas without combustion. They do this by fusing hydrogen atoms with oxygen, a process which releases electricity. When powered by pure hydrogen the only byproduct is water, while other fuels run through fuel cells create far less pollution than comparable methods of power generation.
Telegraph 22nd Jan 2020 read more »
Times 23rd Jan 2020 read more »