Ceres Power Holdings PLC Signs Contract with Shell for Green Hydrogen Production

Ceres Power Holdings PLC has announced a new contract with Shell to design a 10MW pressurized solid oxide electrolyser (SOEC) module for the production of green hydrogen at 36kWh/kg. This collaboration builds on the data generated from the existing demonstration of Ceres' technology at Shell's R&D facility in Bangalore, India and aims to develop pathways for the commercialization of SOEC technology for large-scale industrial applications.

The company has been working with Shell since 2022, resulting in the deployment of a 1MW SOEC system at Shell's R&D facility in Bangalore, India. The focus of the new contract is to develop a pressurized module design that can be scaled to hundreds of megawatts and integrated with industrial plants to produce sustainable future fuels. The program will utilize key learnings and data from the existing demonstration project to develop a commercially competitive and scalable solution.

The project will examine pressurized systems that can drive further efficiency, performance, and integration with other processes, targeting a module level efficiency of less than 36kWh/kg of hydrogen, aligning with EU SOE 2030 technology targets. Phil Caldwell, Chief Executive of Ceres, stated, "Our strategic collaboration with Shell continues to provide valuable insights, ensuring Ceres' SOEC technology is well positioned to meet our partners' needs for the green hydrogen and synthetic fuels markets."

Ceres Power Holdings PLC is a leading developer of clean energy technology, specializing in electrolysis for the creation of green hydrogen and fuel cells for power generation. The company's solid oxide platform technology supports greater electrification of energy systems and produces green hydrogen at high efficiencies as a route to decarbonize emissions-intensive industries such as steelmaking, ammonia, and future fuels. Ceres is listed on the London Stock Exchange and is classified by the LSE Green Economy Mark, recognizing listed companies that derive more than 50% of their activity from the green economy.