4 June 2024
Ceres
Power Holdings plc
("Ceres",
the "Company")
Ceres
signs contract with Shell for green hydrogen
·
Contract to design a 10MW
pressurised solid oxide electrolyser ("SOEC") module to produce
green hydrogen at 36kWh/kg
·
Builds on the data being generated from the
existing demonstration of Ceres' technology at Shell's R&D
facility in Bangalore, India
·
Develops pathways for the commercialisation of
SOEC technology for large-scale industrial applications
Horsham, UK: Ceres Power
Holdings plc (CWR.L), a leading developer of clean energy
technology has been awarded a further contract for
the second phase of its collaboration with Shell, to cooperate in
the design of a solid oxide electrolyser ("SOEC") module, for use
in large-scale industrial applications such as synthetic fuels,
ammonia and green steel.
Ceres has been working with Shell
since 2022, leading to the deployment of a 1MW SOEC system at
Shell's R&D facility in Bangalore, India. Building on this
demonstration, the focus of this contract is to develop a
pressurised module design that can be scaled to 100s of megawatts
and be integrated with industrial plants to produce sustainable
future fuels.
The programme will use key learnings
and data being harvested from the existing 1MW demonstration
project to develop a commercially competitive and scalable
solution.
Key to this is the significant
efficiency gains offered by SOEC technology, which results in
approximately 35% more hydrogen produced per unit of electrical
energy when coupled with heat from industrial processes. The
project will examine pressurised systems that can drive further
efficiency, performance, and integration with other processes,
targeting a module level efficiency of less than 36kWh/kg of
hydrogen, which aligns to
EU SOE 2030 technology targets.1
Phil Caldwell, Chief Executive of
Ceres commented, "Our strategic collaboration with Shell
continues to provide valuable insights, ensuring Ceres' SOEC
technology is well positioned to meet our partners' needs for the
green hydrogen and synthetic fuels markets. Building on Ceres'
class-leading technology, our commitment to continuous innovation
keeps Ceres' commercial
offering at the forefront of the industry
in terms of simplicity, efficiency, and performance."
Ends
Enquiries:
Ceres: Elizabeth Skerritt (Director
of Investor Relations), +44(0)7932 023 283
FTI Consulting (PR Adviser):
Dwight Burden / Ben Brewerton, +44 (0)203 727
1000
About Ceres
Ceres is a leading developer of
clean energy technology, electrolysis for the creation of green
hydrogen and fuel cells for power generation. Its asset-light,
licensing model has seen it establish partnerships with some of the
world's largest companies, such as Bosch, Doosan, Shell
and Weichai. Ceres' solid oxide platform technology supports
greater electrification of our energy systems and produces green
hydrogen at high-efficiencies as a route to decarbonise
emissions-intensive industries such as steelmaking, ammonia, and
future fuels. Ceres is listed on the London Stock
Exchange ("LSE") (LSE: CWR) and is classified by the LSE Green
Economy Mark, which recognises listed companies that derive more
than 50% of their activity from the green economy. To learn more,
see the website www.ceres.tech
or follow Ceres on LinkedIN.
1 Clean Hydrogen Partnership, Strategic Research and Innovation
2021-2027, Accessed via the website link
https://www.clean-hydrogen.europa.eu/about-us/key-documents/strategic-research-and-innovation-agenda_en.