Bosch boosts stake in SOFC expert Ceres Power to around 18%; possible expansion into SO electrolysis
Green Car Congress
JANUARY 23, 2020
Bosch has increased its stake in solid-oxide fuel-cell (SOFC) developer Ceres Power from 3.9% to around 18%. The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing shareholders. Bosch’s total investment will be approximately €90 million (US$100 million). To enhance the strategic investment and the strength of the partnership, under the terms of the transaction, Bosch is granted the right to appoint a Non-
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