Parkwalk are delighted to announce the exit of its holding in AIM listed Ceres Power generating a 2.4x return (3.5x inclusive of initial income tax relief) in just over three years for EIS investors.
Ceres has developed low cost, steel fuel cells that operate on mains natural gas following on from research by Prof. Steele at Imperial College London. The cells can be manufactured using standard steel and ceramic products and standard industrial processes. The high efficiency of the cells keeps cost down and reduces the carbon footprint of energy production. The flexibility of the design means it could be used industrially, domestically and in vehicles.
We wish the Ceres Power management team continued success.