Commercialization of Ceres Unique Technology for Green Hydrogen and Power Generation

Ceres’ unique metal supported SOC technology is increasingly establishing itself as the global standard for SOC for both power generation and steam electrolysis, combining robustness, efficiency and low manufacturing cost. Ceres operates a technology licensing business model, developing SOC technology and reference factory designs and then licensing these to global OEMs to manufacture and deploy Ceres technology in volume. Ceres has licensed SOFC technology to Bosch in Germany and Doosan in South Korea, both of whom have built factories to manufacture cells and stacks at volume, 50MW/year in Doosan’s case with the first commercial sales of SOFC power generation systems incorporating Ceres technology expected in 2025. In addition, more recently Ceres has licensed cell and stack technology for both power generation and steam electrolysis to Delta Electronics in Taiwan, and for electrolysis to Denso in Japan, both of whom are planning to manufacture and deploy the technology at scale. To demonstrate the capability of Ceres electrolysis technology a 1MW e -class steam electrolyzer demonstrator has been developed using a modular architecture of multiple smaller electrolysis cell modules (ECMs) which can operate standalone. The first of these units has been deployed at Shell’s R&D center in Bangalore, India. A much larger modular system designed for full industrial-scale deployment is being designed based on 5-10MW modules utilizing electrolysis-optimized cells and stacks, design work for which is largely complete. Related to this Ceres has signed a non-exclusive systems license with Thermax Limited in India to develop Ceres SOEC system technology including designs for electrolyzer module systems which will be manufactured and sold by Thermax. Ceres continues to innovate around the core cell and stack technology, with the development of novel materials and processes to enhance performance, reduce manufacturing cost and enhance durability, particularly for electrolysis applications. These innovations will be incorporated into the next generation of products incorporating Ceres technology.