London-listed fuel cell developer Ceres Power is creating 60 engineering jobs in Surrey to meet growing demand from international customers Bosch and Weichai.

The company, whose fuel cells can be used to power cars and provide electricity in the home, is pouring £7m into the new Redhill facility, which will ­allow it to increase its supply from around two megawatts of fuel cells per year to up to 10 megawatts.

It is currently working with Weichai to create a “range extender” for the Chinese company’s electric buses, to charge their batteries on the go, as well as with Bosch on small power stations.

Phil Caldwell, chief executive, said fuel cell development had become a “very crowded space” in recent years, but that the UK was “establishing itself as a world leader” in the industry.

Ceres Power is stepping up its presence in the UK after research from the Bank of England found manufacturing companies’ investment intentions hit a four-year high in May.