Ceres Partners with Denso for Fuel Cell Technology

UK-based solid oxide fuel cell developer Ceres Power has recently announced a significant milestone in its journey towards green hydrogen production. The company has secured a long-term partnership with Denso, a renowned automotive supplier based in Japan. This partnership involves a multi-year licence agreement that will enable Denso to manufacture solid oxide electrolyser cells for power systems.

Denso, known for its expertise in fuel cell electric vehicles for Toyota, has now expanded its focus to heavy-duty power applications through this collaboration with Ceres. The agreement is expected to bring in substantial revenues for Ceres over the coming years, following a similar revenue profile to previous OEM licences.

Aside from Denso, Ceres Power has also established partnerships with industry giants such as Bosch and Delta Electronics for its SteelCell solid oxide fuel cell technology. This network of partners highlights the growing interest in sustainable energy solutions and the potential of Ceres' innovative technology in driving the energy transition.

Denso's utilization of its system control and thermal management expertise from automotive fuel cell systems to advance hydrogen production technology is a strategic move that aligns with the global shift towards cleaner energy sources. By leveraging Ceres' stack technology under licence, Denso aims to contribute to establishing a robust hydrogen supply chain.

Phil Caldwell, CEO of Ceres Power, expressed his enthusiasm about the partnership with Denso, emphasizing the company's commitment to collaborating with high-volume manufacturing partners in regions at the forefront of the energy transition. With Japan's ambitious plans to invest in hydrogen infrastructure, Ceres' solid oxide fuel cell technology is poised to play a crucial role in decarbonization efforts.