Source - SMW
Ceres Power has raised £20.0 million, before expenses,  through a conditional placing with new and existing investors of 228,603,083 shares at 8.75p per share.

Chief executive Phil Caldwell  said: "The funding will put us in a strong position at a key stage of the company's growth as we develop our commercial engagements with some of the world's leading companies. This funding combined with recent technology gains enables the development of higher power applications alongside our residential offering, opening up significant new market opportunities in the commercial and transportation sectors."

The placing is subject to shareholder approval.

At 1:53pm: (LON:CWR) Ceres Power Holdings PLC share price was -0.87p at 9.63p

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Ceres Power Holdings (CWR)

+0.07p (+0.92%)
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