Ceres confirms Denso as fuel cell partner
UK solid oxide fuel cell developer Ceres Power has confirmed Denso in Japan as a long-term partner with a multi-year licence agreement.
This secures another OEM partner for Ceres with the scale, expertise and resource to manufacture solid oxide electrolyser cells for green hydrogen production for power systems. Denso has been working on technologies for fuel cell electric vehicles for Toyota for 20 years, but the deal with Ceres opens up heavy duty power applications.
The agreement includes significant revenues for Ceres over multiple years, with a similar profile to previous Ceres OEM licences, including licence fees, engineering services and hardware. It also provides for royalty payments to Ceres on future commercial production and sale to end customers by Denso.
Other partners for the Ceres SteelCell solid oxide fuel cell technology include Bosch and Delta Electronics.
Ceres to build £7m solid oxide fuel cell plant
Denso plans to use the expertise of system control and thermal management it has built in automotive fuel cell system development to develop technology in the fields of hydrogen production. This partnership will enable Denso to produce Ceres’ current and future generations of stack technology under licence, in line with its aim to establish a hydrogen supply chain.
“I am excited to announce our latest partnership with Denso. This builds on Ceres’ strategy to collaborate with leading high volume manufacturing partners, located in regions where the energy transition has strong momentum,” said Phil Caldwell, CEO of Ceres.
Japan has been a pioneer of the hydrogen industry globally and aims to generate investment in hydrogen worth Y15tn ($150bn) over the next 15 years, specifically for steel, ammonia and synthetic fuel production, where the Ceres solid oxide fuel cell technology is well suited.
“By continuing to licence our technology to major industrial companies, Ceres and its partner network is delivering decarbonisation at scale and pace,” he said.
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