CWR Ceres Power Holdings PLC

Ceres’ green hydrogen programme hits key milestone

Ceres, a global leader in fuel cell and electrochemical technology, is pleased to share that its first-of-a-kind solid oxide electrolyser is producing hydrogen at partner AVL’s site in Germany and is in the final stages of commissioning, on track to reach factory acceptance testing in the coming weeks.

This press release features multimedia. View the full release here:

Ceres 1MW scale electrolyser demonstrator (Photo: Business Wire)

Ceres 1MW scale electrolyser demonstrator (Photo: Business Wire)

Ceres’ deep expertise in solid oxide technology has allowed it to prosecute an ambitious programme for hydrogen over the past 24 months. This significant technology milestone will see the demonstrator shipped to Shell’s R&D Centre in Bangalore, India, in the coming weeks to substantiate the performance, cost, and operational functionality of Ceres’ electrolyser technology.

Ceres is actively engaged across the hydrogen value chain to activate the market for highly efficient solid oxide technology in hard-to-abate, high temperature industrial processes, such as the production of green steel, ammonia and synthetic fuels, with the potential to reduce the overall capital and operational project costs by 25%.

In parallel, the release of Ceres’ next generation stack technology earlier this year has delivered improvements in performance and cost, which will now feed through into feasibility studies underway with partners. These studies focus on designing the optimum architecture for 100MW+ scale system installations, essential to accelerate commercialisation and to deliver green hydrogen at the scale and pace required to reach net zero.

Dr. Caroline Hargrove CBE, Chief Technology Officer at Ceres, commented:

“Ceres’ advancements in solid oxide electrolysis technology underscore our ability to drive fast, tangible progress in the green hydrogen sector. This milestone is testament to the significant expertise within our technology team and to our ability to build strong collaborations with strategic partners to proactively shape the future of clean energy.”

For more information visit or contact:

EN
07/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Ceres Power Holdings PLC

Mahaut Arnaud ... (+3)
  • Mahaut Arnaud
  • Paul de Froment
  • Thomas Mordelle

Ceres Power: FY24 results

This morning, Ceres reported FY24 results in line with adjusted guidance. FY24 revenue came in at GBP51.9m (vs cons. at GBP57.1m and guidance for GBP50-60m) supported by agreements with Delta on both SOFC/SOEC, Denso and Thermax. Gross profit thereby reached 77%, right in the 75-80% guidance range.

Mahaut Arnaud ... (+3)
  • Mahaut Arnaud
  • Paul de Froment
  • Thomas Mordelle

Ceres Power: Bosch exits strategic partnership

Ceres Power announced yesterday that its partner and major shareholder Bosch intends to end its partnership after a broad revision of its strategic focus and a thorough realignment regarding fuel cell technologies. As a consequence, Bosch is planning to (i) discontinue its operations and investment

Mahaut Arnaud ... (+3)
  • Mahaut Arnaud
  • Paul de Froment
  • Thomas Mordelle

Ceres Power: solid H1 results, forward cost optimisation

Ceres Power reported its H1 2024 figures on Friday, highlighting strong revenue growth to GBP28.5m (>2.4x YoY, in line with FY24 cons. expectations for GBP56m). Backed by a favourable revenue mix, gross margin improved to >80% (vs 62% in H1 2023), allowing for significant operating leverage,

 PRESS RELEASE

Thermax s’associe à Ceres pour la production d’hydrogène vert par élec...

PUNE, Inde--(BUSINESS WIRE)-- Thermax, l’un des principaux fournisseurs de solutions énergétiques et environnementales et partenaire de confiance dans la transition énergétique, a annoncé une collaboration stratégique avec Ceres Power Holdings plc (CWR.L), l’un des principaux développeurs de technologies d’énergie propre. Les deux sociétés ont conclu un accord de licence mondial non exclusif pour que Thermax fabrique, vende et entretienne des modules de réseau de piles (SAM) basés sur la technologie avancée d’électrolyse à oxyde solide (SOEC) de Ceres. Thermax développera, commercialisera et v...

 PRESS RELEASE

Thermax Partners with Ceres for Green Hydrogen Production with Large-S...

PUNE, India--(BUSINESS WIRE)-- Thermax, a leading energy and environment solutions provider and a trusted partner in energy transition, has announced a strategic collaboration with Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology. The two companies have entered a non-exclusive, global license agreement for Thermax to manufacture, sell and service stack array modules (SAM) based on Ceres' advanced solid oxide electrolysis (SOEC) technology. Thermax will also develop, commercialise and sell SAM balance of modules (SBM) and multi-megawatt SOEC electrolyser modules....

ResearchPool Subscriptions

Get the most out of your insights

Get in touch