Fuel-cell maker Ceres Power says an independent review has concluded its technology is on track to provide combined heat and power in people's homes.
The group's main product is a fuel-cell that operates on mains natural gas and generates the heating and hot water and the majority of the electricity for a typical UK home.
Dr Nguyen Minh, a former Chief Scientist at GE Global Research, has given the Ceres kit the thumbs up, concluding that it will be robust enough for residential use and cheap enough to make commercially viable.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The stock rose 8% in early trading.
BS
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
