Ceres to Work With Japanese Power Company on Fuel-Cell Systems

Oct. 29 (Bloomberg) — Ceres Power Holdings Plc will work
with a Japanese power engineering business to help develop and
bring to market the U.K. company’s fuel-cell technology that
converts natural gas or hydrogen into power and heat.

The companies agreed to work together to lower the cost of
the system after testing in the U.K. and Japan, Horsham-based
Ceres said today in an e-mailed statement. Ceres declined to
identify the Japanese company.

“Japan is the leading market for fuel-cell products,”
Chief Executive Officer Phil Caldwell said.

Homes and businesses are installing fuel cells to produce
clean power locally and cut the cost of delivering electricity
through the grid. Japan plans to produce more power off the grid
as it recovers from the 2011 Fukushima nuclear disaster.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, Alex Devine

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