Ceres Power, a global pioneer in fuel cell and electrochemical technology, is pleased to announce that it has signed an agreement with Shell to deliver a megawatt-scale Solid Oxide Electrolyzer (SOEC) demonstrator in 2023.
low-cost green hydrogen
Shell and Ceres are building this partnership to utilize SOEC technology to deliver high-efficiency, low-cost green hydrogen widely viewed as a credible route to decarbonize hard-to-abate parts of the energy system that rely on fossil fuels currently.
Ceres aims to produce hydrogen at efficiencies around 20% greater than other technologies, in the range of mid-80s to 90% efficiency where it is possible to make use of waste heat in industrial processes to drive this high efficiency.
SOEC technology
Ceres committed £100 million for the development of its SOEC technology to achieve a market-leading levelised cost
Ceres has committed £100 million for the development of its SOEC technology to achieve a market-leading levelised cost of hydrogen of $1.5/kg by 2025. The agreement with Shell aligns with Ceres' business strategy and provides a pathway to the commercialization and development of new markets.
The system will be installed at Shell's research and development technology center in Bangalore, India, where the hydrogen will be used in industrial processes on site. The center is a key part of Shell's focus on innovation and technology with the potential to provide cleaner energy solutions.
industrial decarbonization
Phil Caldwell, Chief Executive of Ceres commented, "Today's announcement with Shell is a hugely important step for Ceres."
"The partnership endorses our business strategy and signals the potential of our SOEC technology to deliver low-cost green hydrogen for industrial decarbonization at the scale and pace needed to reach net-zero."
net-zero emissions
Yuri Sebregts, EVP Technology, Shell, "Shell's Powering Progress strategy sets a clear ambition for Shell to be a leader in the energy transition and accelerate our journey to become a net-zero emissions energy business by 2050. Hydrogen features heavily in that strategy."
"Ceres, with its differentiating SOEC technology, has the potential to produce Hydrogen at an optimum cost and efficiency profile. The pilot and collaboration with Ceres are a step forward in maturing this promising technology towards industrial scale."