Fuel cell de­vel­oper Ceres cre­ates 60 en­gi­neer­ing jobs

The Sunday Telegraph - Money & Business - - Business - By Han­nah Boland

LON­DON-LISTED fuel cell de­vel­oper Ceres Power is cre­at­ing 60 en­gi­neer­ing jobs in Sur­rey to meet grow­ing de­mand from in­ter­na­tional cus­tomers Bosch and We­ichai.

The com­pany, whose fuel cells can be used to power cars and pro­vide elec­tric­ity in the home, is pour­ing £7m into the new Red­hill fa­cil­ity, which will al­low it to in­crease its sup­ply from around two megawatts of fuel cells per year to up to 10 megawatts.

It is cur­rently work­ing with We­ichai to cre­ate a “range ex­ten­der” for the Chi­nese com­pany’s elec­tric buses, to charge their bat­ter­ies on the go, as well as with Bosch on small power sta­tions.

Phil Cald­well, chief ex­ec­u­tive, said fuel cell de­vel­op­ment had be­come a “very crowded space” in re­cent years, but that the UK was “es­tab­lish­ing it­self as a world leader” in the in­dus­try.

Ceres Power is step­ping up its pres­ence in the UK af­ter re­search from the Bank of Eng­land found man­u­fac­tur­ing com­pa­nies’ in­vest­ment in­ten­tions hit a four-year high in May.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.