We are delighted to announce that the Parkwalk Opportunities EIS Fund has participated in a £20m funding round in Ceres Power, the specialist provider of low cost, next generation fuel cell technology.

With technology originating from Imperial College, Ceres Power is a world leader in low cost, next generation fuel cells for use in distributed power products that have the potential to bring cheaper and cleaner energy to homes and businesses. The Group is working with some of the world’s leading companies in order to create mass market fuel cell products for multiple markets worldwide.

The Company currently manufactures and supplies its fuel cells (“SteelCells”) to partners wishing to use Ceres Power’s technology as the foundation for their power products and offers its integration and engineering expertise as part of joint development programmes.