Ceres Power passes major milestone in green hydrogen program

–News Direct–

Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF) Chief Technical Officer Dr Caroline Hargrove speaks to Thomas Warner from Proactive London after the company announced a major milestone in its green hydrogen program.

Ceres says its first-of-a-kind solid oxide electrolysis (SOEC) demonstrator is producing hydrogen and will be ready in the coming weeks to be sent to Shells R&D centre in India.

Hargrove explains that the technology employed by Ceres differentiates itself by utilising solid dioxide technology to split steam, rather than water, operating at higher temperatures. This approach results in a much higher thermodynamic efficiency, providing a 25% boost in efficiency, particularly in industrial settings with waste heat.

The efficiency gains are economically advantageous in the production of green hydrogen, as the cost of energy is a primary cost factor for electrolysers.

This innovative technology is well-suited for industrial applications, specifically those with access to waste heat, such as fertiliser production, ammonia synthesis, chemical processes, and steel manufacturing.

The company's focus is on large-scale applications, with plans to develop a 10-megawatt building block, leading to the establishment of a 100-megawatt factory.

Looking ahead, Ceres is preparing to send the unit to India for further development and evaluation. The partnership with Shell aims to explore different applications and possibilities for the technology, emphasizing the importance of technology demonstrators and test facilities at scale.

Contact Details

Proactive Investors

+44 20 7989 0813

uk@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/ceres-power-passes-major-milestone-in-green-hydrogen-program-142032625

Ceres Power Holdings PLC

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COMTEX_443100459/2655/2023-11-07T12:04:18

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