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  "documentTitle": "Ceres Power Holdings plc (CWR)",
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  "presentationDate": "2025-12-11 00:00:00",
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      "text": "THE REPORT AND ALL STATEMENTS CONTAINED HEREIN ARE THE OPINIONS OF GRIZZLY RESEARCH...",
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      "text": "Low case: 9,000 kW × US$900/kW ≈ $8.1m\nBase case: 9,000 kW × US$1,200/kW ≈ $10.8m\nHigh case: 9,000 kW × US$4,000-8,000/kW ≈ $36–72m",
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      "text": "Furthermore, the near-term outlook for SOFC deployment has worsened further following the Korean government's cancellation of the 2025 Clean-Hydrogen Power Scheme (CHPS) bidding round...",
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      "text": "Ceres Power Fuels Investors’ Illusions With Misleading Promises",
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