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Ceres Power
British electrochemical technology licencing company From Wikipedia, the free encyclopedia
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Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell[2] and solid oxide fuel cell technology[3] for use in distributed power systems aimed at decarbonising cities, factories, data centres and electric vehicle charging.[4] Founded in 2001, it is headquartered at Horsham in the UK. It is listed on the London Stock Exchange. It is also classified by the LSE Green Economy Mark,[5] which recognises listed companies that derive more than 50% of their activity from the green economy.[6]
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History
Ceres Power spun-out from Imperial College London,[7] after more than 10 years of fundamental research led by Professor Brian Steele, in 2001.[8] The company was first listed on the London Stock Exchange in November 2004.[9]
Phil Caldwell became the CEO of Ceres Power in September 2013,[10] following investment from IP Group.[11] In June 2023, Ceres marked its move from the Alternative Investment Market to the Main Market of the London Stock Exchange.[12]
The company issued an unexpected revenue warning in December 2023: contract negotiations were taking longer than expected.[13][14] Further difficulties emerged in March 2025 when Bosch announced that it was withdrawing from a joint venture with the company.[15]
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Technology
Ceres Steel Cell
The Ceres patented Steel Cell is a Solid oxide fuel cell (SOFC) that can operate on mains natural gas for distributed power generation.[16] The technology is reversible. In one direction it can generate electricity from multiple fuels; in the other, it can generate green hydrogen at low cost and high efficiencies.[17]
Hydrogen
The UK Hydrogen Strategy cites UK companies including ITM Power, Johnson Matthey and Ceres as being at the forefront of hydrogen technology development worldwide.[18] Ceres is a founding member of the Long Duration Energy Storage Council.[19]
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Business Model
Ceres operates a licensing business model and partners with global industry partners to develop clean energy systems and products. Partners include Weichai,[20] Doosan,[21] and Shell.[22]
Awards
In July 2023, Ceres was awarded the 2023 MacRobert Award by the Royal Academy of Engineering.[23] In its award citation, the academy recognised Ceres for its "ground-breaking fuel cell technology that promises to make a major contribution to decarbonising the world at the scale and pace required to save the planet."[17] In 2021 Ceres was awarded the Queen’s Award for Enterprise 2021 in the category of International Trade.[24]
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References
External links
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