Bosch acquires stake in fuel cell expert Ceres Power

August 22, 2018 // By Christoph Hammerschmidt
Bosch acquires stake in fuel cell expert Ceres Power
With a strategic cooperation with Ceres Power (Horsham / United Kingdom), coupled with a financial stake in that company, Bosch is driving the development of fuel cells for new energy systems. Together with Ceres, Bosch intends to further develop solid oxide fuel cell technology (SOFC) for use in small urban power plants.

Bosch has signed a cooperation and license agreement with Ceres for technology development and the establishment of a small-series production facility at Bosch. At the same time, the Stuttgart-based company bought a 4 percent stake in the British company.

Ceres Power is considered a leader in the development of innovative next-generation solid oxide fuel cell technology. Ceres' goal is to industrialize this technology through volume production with partners and to use it for networked and decentralized energy generation. SOFC systems are to be used in cities, factories, data centers or for operating charging stations for electric vehicles.

"For Bosch, the highly efficient fuel cell with very low emissions is an important contribution to security of supply and flexibility of the energy system," says Stefan Hartung, Bosch Board of Management member responsible for the Energy and Building Technology division. Especially in an increasingly urbanized world, fuel cell technology is crucial for supply security, according to Bosch: "By 2050, more than six billion people, or 70 percent of the world's population, are expected to live in cities. Today, metropolises already consume 75 percent of the energy consumed worldwide. Energy consumption worldwide will increase by 30 percent by 2035. In the future, this increased electricity demand can no longer be covered only by large, central power plants.

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