Renae has more than 15 years of experience as a journalist and editor for various newspapers, newswires and websites in the UK and Australia. Before joining Proactive in February 2017, she spent four years as managing editor of financial news websites Digital Look and Sharecast in London. In Australia, she was a journalist for News Corp and regional newspaper group APN.
Ceres Power has six collaborative partners including Weichai Power, Bosch, Cummins, Nissan, Honda and another undisclosed company.
UBS sees the possibility of a takeover bid for Centrica after rumours of foreign interest in the firm emerged last year
"This is a major strategic milestone for Ceres,” said chief executive Phil Caldwell
“Ceres confirms discussions with Weichai are ongoing and a further statement will be made in due course,” the company said.
"We are delighted to have extended the contract for Admarine 657 with this important and valued customer,” said chief executive Mohamed Farouk
"The clear intention is to increase production and thus cashflows as quickly as possible whilst taking into account operational and legislative requirements," said chairman John Barr
With the funds secured, the firm is "confident that we will be able to achieve our ongoing commercial objectives as well as expand our testing and engineering capability"
"This is a significant achievement both for the company and Newfoundland and one which will bring rewards for all parties in the years to come,” said chief executive Michael Rowan