Ceres signs SOEC licence deal with Japan's Denso

UK fuel cell firm Ceres Power Holdings plc (LON:CWR) has signed a long-term licence agreement for the production of its solid oxide electrolyser cells (SOECs) for hydrogen applications with Japan’s Denso Corp (TYO:6902).

Ceres CEO Phil Caldwell said in a statement today the partnership “builds on Ceres’ strategy to collaborate with leading high volume manufacturing partners, located in regions where the energy transition has strong momentum.”

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Ceres announced the deal recently, saying it was with a global original equipment manufacturer (OEM) based in the Asia Pacific region. Denso has now been disclosed as the company’s latest licence partner.

The Japanese company explained that Ceres’ solid oxide technology combines metal and ceramic that leads to high-output performance. Denso aims to achieve mass production of cell stacks by using Ceres’ technology with its own expertise of ceramic technology acquired in the automotive field.