Carbon Trust helps fuel cell company
The Carbon Trust helped Ceres Power under their incubation scheme, by providing them with ideas, practical planning help and useful contacts within the industry. In addition, they provided financial support to help the business grow.
This project shows that small scale power generation is a credible vision.
Through expert advice, research and development grant funding and investment, the Carbon Trust has helped Ceres Power make clean energy, generated in your home, a possibility for all.
I would recommend that any credible, commercially viable, innovative clean technology business engages with the Carbon Trust. If you don't, you should have your head examined, because they are the authoritative leader.—Peter Bance, CEO Ceres Power.
Ceres Power Limited (Ceres) was founded in 2001 to commercialise fuel cell technology developed over the previous decade at Imperial College London. Responding to the fact that in supplying electricity to the home from a centralised power station, around two-thirds of the energy in the fuel is lost, the company has developed combined heat and power products for residential use, allowing energy to be generated in the house where it is needed.
The Carbon Trust has supported Ceres on a variety of levels over the past nine years, both financially and through provision of advice and expertise. In December 2003, Carbon Trust Investments Limited became a shareholder in Ceres, enabling Ceres to further develop and test its product.
Since then we have provided two R&D grants to Ceres to fund new developments, as well as helping to research the market and facilitate introductions to potential investors.
Ceres is now in the process of installing and trialling its products in houses around the UK, in order to gather data on how they perform in practice. It is intending to start selling products in 2012.
This case study is available to download.
31 Mar 2011
If you do a little internet search you will find that this company has an excellent record of technical innovation regarding fuel cells, etc., this last 10 years. It trully deserves our support.
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