RPC advises Ceres on Main Market listing

International law firm RPC advised Ceres Power Holdings plc, a global leader in fuel cell and electrochemical technology, on its transfer from AIM to the Premium Segment of the Main Market of the London Stock Exchange.

Ceres confirmed the move in an announcement on Monday, 26 June.

Having been admitted to AIM in 2004 following its spin out from Imperial College London, Ceres has grown to become a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage, developing IP for systems and products that look to address the challenges of climate change through power generation and storage for applications in transportation, industry, data centres and everyday living. Its commercial partners include Bosch in Germany and Weichai in China. 

RPC has previously advised Ceres on its investment and joint development collaboration with RFC Power, a developer of technology in long-duration energy storage.

The RPC team was led by Head of Corporate Karen Hendy and Public Companies Partner Connor Cahalane. 

Ceres' in-house legal team was led by General Counsel and Company Secretary Deborah Grimason.

Connor Cahalane said: "It has been great for RPC's Public Companies team to support Ceres on its listing on the Main Market - this represents a significant step in the growth of one of the UK's most exciting climate technology companies.

Karen Hendy added: "We are delighted to have supported Ceres in its step up to a premium listing, one of just a handful of significant public market transactions this year. RPC was perfectly positioned to assist given our PLC and technology credentials. Ceres is one of the UK's most important clean energy businesses that will increasingly play a pivotal role in addressing climate change."