Ceres Power
{{Short description|British electrochemical technology licencing company}}
{{Infobox company
| name = Ceres Power Holdings plc
| logo = Ceres-Logo-Orange.png
| type = Public
| foundation = 2001
| location = Horsham, England, UK
| key_people = Warren Finegold, Chair
Phil Caldwell, CEO
| industry = Alternative Energy
| products =
| revenue ={{increase}} £51.9 million (2024){{cite web|url=https://polaris.brighterir.com/public/ceres_power/news/rns/story/rgvk4jr/export|title= Annual Results 2024|publisher=Ceres Power|access-date=21 March 2025}}
| operating_income ={{increase}} £(31.3) million (2024)
| net_income ={{increase}} £(28.3) million (2024)
| num_employees =
| parent =
| subsid =
| homepage = {{URL| https://www.ceres.tech/}}
| slogan =
| footnotes =
| traded_as = {{ubl|{{LSE|CWR}}}}
}}
Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell{{cite web|url= https://www.theengineer.co.uk/content/news/ceres-mw-scale-electrolyser-delivers-first-hydrogen/|title= Ceres MW-scale electrolyser delivers first hydrogen |date=7 November 2023|publisher=The Engineer|access-date=8 January 2024}} and solid oxide fuel cell technology{{cite web|url= http://news.bbc.co.uk/1/hi/sci/tech/8563928.stm|title= Japan aims its home fuel cells at Europe |date=12 March 2010|publisher=BBC|access-date=10 February 2023}} for use in distributed power systems aimed at decarbonising cities, factories, data centres and electric vehicle charging.{{cite web|url= https://www.bosch-presse.de/pressportal/de/en/stationary-fuel-cell-bosch-plans-to-start-full-scale-production-in-2024-221952.html|date=6 December 2020|title= Stationary fuel cell Bosch plans to start full scale production in 2024|publisher=Bosch|access-date=10 February 2023}} 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,{{cite web|url= https://www.ft.com/content/cd3d7a50-eb9e-11e9-85f4-d00e5018f061|title= LSE lays down tougher rules for green bond reporting |date=11 October 2019|publisher=Financial Times|access-date=10 February 2023}} which recognises listed companies that derive more than 50% of their activity from the green economy.{{cite web|url= https://fuelcellsworks.com/news/ceres-power-awarded-green-economy-mark-by-the-london-stock-exchange/|date=13 October 2019|title= Ceres Power awarded green economy mark by the London Stock Exchange |publisher=Fuel Cells Works|access-date=10 February 2023}}
History
In 2001, Ceres Power spun-out from Imperial College London{{cite journal|url=https://www.sciencedirect.com/science/article/abs/pii/S0378775304000242|title=Spinning-out a fuel cell company from a UK University—2 years of progress at Ceres Power|date=14 May 2004|doi=10.1016/j.jpowsour.2003.11.077 |access-date=10 February 2023 |last1=Bance |first1=P. |last2=Brandon |first2=N.P. |last3=Girvan |first3=B. |last4=Holbeche |first4=P. |last5=o'Dea |first5=S. |last6=Steele |first6=B.C.H. |journal=Journal of Power Sources |volume=131 |issue=1–2 |pages=86–90 |bibcode=2004JPS...131...86B |url-access=subscription }} after more than 10 years of fundamental research led by Professor Brian Steele.{{cite web|url=https://www.thetimes.com/uk/science/article/professor-brian-steele-tthpbk760zd|title=Professor Brian Steele|date=19 September 2003|work=The Times|access-date=10 February 2023}}
In November 2004, Ceres was first listed on the London Stock Exchange.{{cite web|url=https://www.investegate.co.uk/ceres-power-holdings--cwr-/rns/ceres-power-arrives-on-aim/200411250700236265F/|title=Ceres Power arrives on AIM|date=25 November 2004|publisher=Investegate|access-date=10 February 2023}}
In September 2013, Phil Caldwell became the CEO of Ceres Power{{cite web|url=https://www.ipgroupplc.com/media/portfolio-news/2013/2013-07-08|title= Ceres Power Holdings plc - Appointment of Philip Caldwell as CEO of Ceres Power |date=8 July 2013|publisher=IP Group|access-date=10 February 2023}} following investment from IP Group.{{cite web|url=https://polaris.brighterir.com/public/ceres_power/news/rns/story/r7g127r|title=Ceres Power Holdings PLC – Revised Business Strategy |date=29 November 2012|publisher=RNS|access-date=10 February 2023}}
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.{{cite web|url=https://www.investorschronicle.co.uk/education/2022/04/12/ceres-fuelling-doubts-or-full-steam-ahead/|title=Ceres: Fuelling doubts or full steam ahead?|date=12 April 2022|newspaper=Investors' Chronicle|access-date=23 August 2023}}
The steel cell operates at 500-600 °C which allows the use of cerium gadolinium oxide (CGO) in the anode and electrolyte and the bulk of the fuel cell to be mostly made from ferritic steel.
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.
=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.{{cite web|url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1011283/UK-Hydrogen-Strategy_web.pdf|date=August 2021|title=UK Hydrogen Strategy|publisher=HM Government|access-date=10 February 2023}}
Ceres is an Executive Member of the UK Hydrogen and Fuel Cell Association UK Hydrogen and Fuel Cell Association{{cite web|url=https://ukhfca.co.uk|title=UK Hydrogen and Fuel Cell Association|publisher=UK Hydrogen and Fuel Cell Association|access-date=10 February 2023}} and a founding member of the Long Duration Energy Storage Council.{{cite web|url= https://www.ldescouncil.com/news/energy-industry-leaders-sign-agreement-to-create-long-duration-energy-storage-council-and-accelerate-carbon-neutrality/|date=10 November 2021|title=Energy industry leaders sign agreement to create long duration energy storage council|publisher= Long Duration Energy Storage Council|access-date=10 February 2023}}
Business Model
Ceres operates a licensing business model and partners with global industry partners to develop clean energy systems and products. Partners included Bosch,{{cite web|url= https://www.bosch-presse.de/pressportal/de/en/press-release-206400.html |title= Bosch to strengthen strategic collaboration with Ceres Power |date=22 January 2020|publisher= Bosch|access-date=10 February 2023}} Weichai,{{cite web|url= https://en.weichaipower.com/about/sustainability/we_are_in_action/201808/t20180814_43280.html |date=14 August 2018|title= Weichai Power joins hands with Ceres |publisher= Weichai Power|access-date=10 February 2023}} Doosan,{{cite web|url= https://www.powerengineeringint.com/hydrogen/doosan-and-ceres-power-sign-south-korea-fuel-cell-deal/|date=20 October 2020|title= Doosan and Ceres Power sign South Korea fuel cell deal|publisher= Weichai Power|access-date=10 February 2023}} Miura{{cite web|url= https://www.ipgroupplc.com/media/portfolio-news/2019/2019-06-20a |title=Ceres Power Holdings - Ceres Power Technology in Miura Co fuel cell product launch in Japan|date=20 June 2019|publisher= IP Group|access-date=10 February 2023}} and Shell.{{cite web|url=https://www.gasworld.com/story/ceres-shell-ink-megascale-green-hydrogen-deal/|title= Shell megascale green hydrogen deal|date=28 June 2022|publisher= Gasworld |access-date=10 February 2023}}
Awards
In July 2023, Ceres Power was awarded the 2023 MacRobert Award by the Royal Academy of Engineering.
{{cite web
|title=Ceres Power awarded 2023 MacRobert Award
|date=14 July 2023
|url=https://www.theengineer.co.uk/content/news/ceres-power-awarded-2023-macrobert-award
|publisher=The Engineer
|access-date=14 July 2023}}
This is the UK's most prestigious engineering prize.
{{cite web |title=Ceres Power wins MacRobert Award for 'spectacular' reversible fuel cell |url=https://www.imeche.org/news/news-article/ceres-power-wins-macrobert-award-for-spectacular-reversible-fuel-cell |website=IMEE Engineering News |publisher=Institution of Mechanical Engineers |access-date=20 July 2023 |date=14 July 2023}}
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."
{{cite web
|title=Clean energy technology set to decarbonise the world wins UK's top award for engineering innovation - Ceres Power's pioneering clean energy technology has won the 2023 MacRobert Award.
|url=https://raeng.org.uk/news/clean-energy-technology-set-to-decarbonise-the-world-wins-uk-s-top-award-for-engineering-innovation
|publisher=Royal Academy of Engineering
|access-date=14 July 2023
|date=13 July 2023}}
In 2021 Ceres was awarded the Queen’s Award for Enterprise 2021 in the category of International Trade.{{cite web|url=https://www.queensawardsmagazine.com/winners/page/3/?award-year=2021&award-category=International%20Trade|title= Ceres Power Holdings PLC Winners of 2021 International Trade|publisher=Queens Award Magazine|access-date=10 February 2023}}
References
{{reflist}}
External links
- [https://www.ceres.tech/ Official site]
- [https://www.youtube.com/watch?v=M0sfbLy7w80 Official video featured in MacRobert Award citation from Royal Academy of Engineering]
{{Authority control}}
Category:Engineering companies of the United Kingdom