- Ceres Power said Bosch increased its total stake in the company by investing £38m to support its expansion into new markets.

The investment – through a combination of new and existing Ceres shares at a price of 320p per share - would increase Bosch's stake in Ceres to 18% from 4%.

The proceeds from the investment would be used to fund further product uses for solid oxide fuel cells and diversify R&D activity to potential electrolysis applications for Ceres' technology, the company said.

At 8:38am: [LON:CWR] Ceres Power Holdings PLC share price was -3p at 344p

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