Ceres Power wins prestigious UK engineering award
The MacRobert Award recognises outstanding innovation, tangible societal benefit and proven commercial success
Company
LON:CWR
Ceres Power Holdings PLC is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. The company's asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such Bosch, Doosan, Shell and Weichai, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living.
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The MacRobert Award recognises outstanding innovation, tangible societal benefit and proven commercial success
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Under test at Weichai's fuel cell industrial park the system has been running for more than 30,000 hours.
The SOFC system has also been granted EU CE certification
All parties remain committed to the deal and the structure has been agreed upon, said the statement
“Our inaugural Sustainability Report captures our commitments to and progress towards building a long-term, future-proofed business," said Phil Caldwell, Ceres CEO and ESG committee chair
Once the agreements have been signed the JVs will be established
Revenues from the China JV contracts are expected to be weighted to the second half of this year, the company said
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The deal underlines the current appetite from energy majors to consider solid oxide within the technology mix for hydrogen production