Ceres Power

Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell and solid oxide fuel cell technology for use in distributed power systems aimed at decarbonising cities, factories, data centres and electric vehicle charging. 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, which recognises listed companies that derive more than 50% of their activity from the green economy.

History
In 2001, Ceres Power spun-out from Imperial College London after more than 10 years of fundamental research led by Professor Brian Steele.

In November 2004, Ceres was first listed on the London Stock Exchange.

In September 2013, Phil Caldwell became the CEO of Ceres Power following investment from IP Group.

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.

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.

Ceres is an Executive Member of the UK Hydrogen and Fuel Cell Association UK Hydrogen and Fuel Cell Association and a founding member of the Long Duration Energy Storage Council.

Business Model
Ceres operates a licensing business model and partners with global industry partners to develop clean energy systems and products. Partners included Bosch, Weichai, Doosan, Miura and Shell.

Awards
In July 2023, Ceres Power was awarded the 2023 MacRobert Award by the Royal Academy of Engineering. This is the UK's most prestigious engineering prize.

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."

In 2021 Ceres was awarded the Queen’s Award for Enterprise 2021 in the category of International Trade.