Ceres Power seeks to leverage its solid oxide fuel cell expertise
Ceres Power looks to grow electrolyser division
Firm will invest £100mn in developing electrolysis technology over the next few years, starting with pilot projects
UK-based fuel cell technology firm Ceres Power will invest £100mn ($134mn) in developing electrolysis technology over the next few years as the firm looks to leverage its solid oxide fuel cell expertise in hydrogen production technology. Earlier this year, Ceres raised £181mn from investors to expand its business, consolidating its position in fuel cells and accelerating activity in key new areas such as electrolysis for green hydrogen. The firm is now engaging in commercial dialogues around the first demonstration projects for its electrolysis solid oxide electrolysis technology with a view to developing a number of pilot projects. “The thing that’s absolutely core is to produce hydrogen at
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