Ceres Power's chairman Brian Count has spent £35,000 on shares in the fuel cell technology group.
He took 50,000 at 70p a time and now has 357,850, which is about 0.42% of the company.
Back in September Ceres reported a widening of losses on lower revenues in the year to June 30, but the fuel cell technology company said it is confident that it can benefit from the trend towards green technology.
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
A Ceres Power CHP (Combined Heat and Power) product will be one of the lowest cost ways to reduce the carbon footprint of homes,' said chairman Brian Count.
'We are focused on installing CHP products into consumers' homes across the country in partnership with British Gas and are confident that we can deliver sales in mid 2012 as a platform for a volume ramp-up thereafter.'
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
