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Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell[2] and solid oxide fuel cell technology[3] for use in distributed power systems aimed at decarbonising cities, factories, data centres and electric vehicle charging.[4] Founded in 2001, it is headquartered at Horsham in the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is also classified by the LSE Green Economy Mark,[5] which recognises listed companies that derive more than 50% of their activity from the green economy.[6]
In 2001, Ceres Power spun-out from Imperial College London[7] after more than 10 years of fundamental research led by Professor Brian Steele.[8]
In November 2004, Ceres was first listed on the London Stock Exchange.[9]
In September 2013, Phil Caldwell became the CEO of Ceres Power[10] following investment from IP Group.[11]
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.[12]
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. [13]
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.[14]
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.[15]
Ceres is an Executive Member of the UK Hydrogen and Fuel Cell Association UK Hydrogen and Fuel Cell Association[16] and a founding member of the Long Duration Energy Storage Council.[17]
Ceres operates a licensing business model and partners with global industry partners to develop clean energy systems and products. Partners included Bosch,[18] Weichai,[19] Doosan,[20] Miura[21] and Shell.[22]
In July 2023, Ceres Power was awarded the 2023 MacRobert Award by the Royal Academy of Engineering.[23] This is the UK's most prestigious engineering prize.[24]
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."[14]
In 2021 Ceres was awarded the Queen’s Award for Enterprise 2021 in the category of International Trade.[25]
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