Ceres signs long-term SOEC manufacturing agreement

Ceres has signed a global long-term licence agreement for the manufacture of its proprietary solid oxide electrolyser cell (SOEC) technology with a global original equipment manufacturer (OEM) headquartered in the Asia Pacific region. The agreement provides revenues for licence fees, engineering services and hardware over multiple years.

 

The agreement also provides for royalty payments to Ceres on future commercial production and sale of SOEC equipment to end customers by the partner.

 

Commenting on the new partnership, Phil Caldwell, CEO of Ceres, said: “We are making great commercial progress this year, and I am particularly excited by the advances in our highly efficient and differentiated SOEC electrolyser technology, which is now being adopted by several leading global companies with the manufacturing, supply chain and balance sheet strength to bring this technology to market at scale.

 

“This builds on Ceres’ strategy to establish partnerships in regions with strong manufacturing capability coupled with ambitious targets for the use of hydrogen for industrial decarbonisation. By licensing our best-in-class solid oxide technology, Ceres is establishing its clean energy technology as the industry standard and, through its partner network, is building towards delivering decarbonisation at the scale and pace needed globally for the energy transition.