Ceres Power Holdings Plc. (CPWHF) Q4 2023 Earnings Call Transcript

Ceres Power Holdings Plc. (OTCPK:CPWHF) Q4 2023 Earnings Conference Call April 15, 2024 4:30 AM ET

Company Participants

Elizabeth Skerritt - Director of Investor Relations
Phil Caldwell - Chief Executive Officer
Eric Lakin - Chief Financial Officer

Conference Call Participants

Chris Lennon - UBS
Ken Rumph - Goodbody
Nick Walker - Peel Hunt
James Carmichael - Berenberg

Operator

Ceres Power Holdings Plc Full-Year Results Investor Presentation. Throughout this recorded meeting investors online will be in listen-only mode. [Operator instructions].

Before we begin we'd like to submit the following poll and if you give that your kind attention I'm sure the company be most grateful. I'd now like to hand over to the management team from Ceres Power, Phil, Eric, Elizabeth, good morning.

Phil Caldwell

And good morning everybody and thank you for joining us for the full year results presentation. I'm joined by Eric Lakin, CFO and by Elizabeth Skerritt, Head of IR. And we just want to talk you through last year's results and also give you an update on company strategy for this year so without further ado let's move on.

So what we're facing I think now at Ceres is actually a very strong outlook for 2024. 2023 had had some challenges but actually if you look at where the company is right now we're in we're in good shape. Both on the current SOFC business and also into the acceleration of the SOEC business which was a big strategic decision we took several years ago and they're starting to actually pay dividends.

So in summary what we've achieved in the last 12 months we see progress with Bosch on the power units that they're developing backed up with €160 million of EU funding. We've got a lot of exciting progress at Doosan with the factory build in South